Chapter 15 W: "the greater the expectation traders have about something happening, the less tolerance they have for disappointment." A: Mark is affirming his - "anything can happen" belief. A: I have expectations. I expect the market to move, to do what I want, to fill my cup.... and when it doesn't I definitely have low tolerance for disappointment. I must contantly remind myself that "ANYTHING CAN HAPPEN... EXPECT THE UNEXPECTED" w: The distinction I want to make is that the majority of traders don't specifically relate to a fair price or value; they relate to comfort.... When I say that traders relate to comfort, I mean some degree less of fear they normally feel." A: Mark is breaking down the fear (more or less) that makes seeing the non-emotional ticks up and down of colored candlesticks nearly impossible. Reminding us to step out of our own psychology and see the market clearly - it's ticks up and down and the market psychology behind it. But he is also reminding us to dig deep and work on getting past the fear (no feelings of comfort or fear - no feelings at all) - so that we can see the market clearly. A: I have found that the calm I feel is not calm - but like he is saying - a degree less of fear than what I normally feel. This is something I am working on - and where I am using the fear/resentment journalling to help me. It's amazing to me how much fear pervades my life and mind. I know I can see - but sometimes I'm blinded by fear. I will continue to journal not only before trading - but even during - fears / resentments. I also find speaking them aloud - can help. Sometimes just recognizing that I feel fear helps diffuse it.

Chapter 15 – The Psychology of Price Movement W: “…that the “objective observer” doesn’t care one way or the other; she would just be looking for signs and opportunities”. A: Mark is saying we need to come to the market with an open mind, without bias. A: Part of my trading is waiting for the market to tell me what it wants to do and where it wants to go. Waiting for opportunities to enter the market. Not to fight the trend.

Chapter 15 W- No matter if you’re going long or short it’s important to think in the thick of a move what the traders in my rally are thinking and do my feelings match their sentiment. Mark listed a few thoughts about how to keep the market moving and this one stuck out to me personally. A- “What kind of price action will sustain the buyer’s beliefs that they can make money?” A- I know that I need to push myself to stay vigilant for any possible false starts. Identifying this is what I can think to do about this so far. Its better to address your issue instead of letting them fester.

Chapter 15 - The Psychology of Price Movement W - If we do not have the strength to actually move the prices in the direction we would most benefit from, then the next best thing is to learn to identify & align ourselves with the side that has established dominance until the balance shifts and again align ourselves with the side establishing the strength. A- Mark is telling us to figure out where big money is going & follow it! A - This is 100% what I am trying to do everyday! Figure it out as early as possible (but with confirmations) and get into the trade until the move is completed.