Action, Actionable are Over-rated
CNBC – fast, accurate, actionable…. (never mind the middle one)…. BOOK EDITOR – “but what are they supposed to do?” MAG EDITOR ” – but they need things to act on” …………..
UGH>>> doesn’t anyone understand the value of thinking before acting anymore? Doesn’t anyone understand that understanding is key to accomplishment? … and most of all, doesn’t anyone get that most of trading is NOT trading?
— END OF RANT —
– Never mind.. not done –
Most of the time we are doing because it is hard (boring, uncomfortable) to just BE.
But there is a ton of info inside if we stop and listen to it. Some is prickly and some is positively brilliant. We have to stop and listen to know the difference. This applies to the judgments demanded by the markets too.
What ever happened to learning? Why does everything have to be doing? Why does everyone want to be told what to do?
As you can tell, I am annoyed and mystified. I believe in knowing my spots and waiting for them
…Isn’t it overtrading that kills most accounts?
Tags: decisions, trading psychology
and some experts have “dissed” me for recommending that “monitoring my psyche cap by writing down thoughts and emotions on that cheap lined paper. That alone is probably the single greatest indicator of myself, and my trading, that shows if my day will be successful or not.”!!
I believe you Trader W.
Well, sitting on my hands to not trade anymore…. I confess to copying duxx91 thoughts last week on caring more about psyche capital than trying to catch that one last trade. The one that might set me back and send me into the weekend down. So with a slight % up for the week, I am quitting for the day. It shouldn’t be that way, because I did at least three, very stupid trades this week that cost me.
One particular trade was embarrassingly stupid… but worse, is that almost without fail on those trades I wasn’t keeping a journal. aka, not monitoring my psyche cap by writing down thoughts and emotions on that cheap lined paper. That alone is probably the single greatest indicator of myself, and my trading, that shows if my day will be successful or not. Am I keeping an emotion/thoughts journal? Because for me, if I am not… I’m probably not monitoring my psyche capital.
Over trading kills most accounts for sure, but it’s good for the brokers and it’s so hard not to overtrade. What is this crazy concept that one might only want to take trades that will result in an increase in their acct at the end of the month? That’s no fun! Yet it seems to make a certain amount of cents.