Identifying and neutralizing beliefs that are no longer useful in helping one fulfill their objectives.
- The next step is to properly integrate the five fundamental truths into your mental environment at a functional level.
- Using technical analysis you can begin to define these patterns as edges.
- Any pattern defined as an edge is simply and indication that there is a high probability that the market will move in one direction or another.
- Believe in random results -outcome for each pattern is random relative to one another
- Believe in random risk-Risk on each pattern is random relative to one another
- Believe in sample size Trading
- At the macro level, over a large sample of events,
- I will have a satisfactory outcome. At the micro level
- each individual event has a random outcome.’
- Neutralise existing self
- sabotaging beliefs and adopt the Seven Principles of
- Consistency
- make them a part of your identity by
- making them a part of your set of trading beliefs.
- ‘If you believe it, you will create and perpetuate it
- because it will be a natural function and expression
- of who you are.’
- ‘Your consistency happens inside your mind, not in
- the market.’
Creating and growing beliefs about trading, that promote objective observation and flawless
execution of one’s chosen trading methodology.
- Practicable trading beliefs to adopt as part of my personality (the Five Fundamental Truths and the Seven Principles of Consistency).
- Completed my understanding of the role that
- trading with a mechanical system plays in thinking
- from the market’s perspective.
- Confirmed for me the reasons why a mechanical
- system is required for nearly everybody that
- attempts trading. I say nearly because there are a
- very small number of the population that I believe
- can learn to trade markets intuitively.
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