Edges may change, especially minor ones, but the markets never do, and that's the most important thing here that you should be focusing on. I think it's fairly obvious from your recent posts that you fear change in general but change can be good too, we are creatures of habit and we don't ever want things to change but unfortunately change is inevitable, otherwise we'd still be riding horses to work every day Change is everywhere and we can't escape it, even my username Kai literally means change in Japanese language.ruthlessimon wrote: ↑Mon Sep 23, 2019 6:59 pmpersonally I disagree.
The problem with deliberate practise is that edges/rules change over time. But unfortunately, I don't have an answer - hence why I queried Eight - I bl00dy wish edges never change, but unfortunately they do!!
If you take a look at the infamous Jesse Livermore and some of his best trading rules and quotes, that was a man who was trading the markets a 100 years ago! Have a look at how many of those still perfectly apply to the sports markets that we're trading today. https://www.marcellagerwerf.com/jesse-livermore-quotes/
I understand your urgent need to find answers asap, but maybe you would get better quality feedback on your own trading approaches from similar types of traders/quants if you were to open a thread specifically dedicated for that purpose where discussing such things wouldn't be considered off-topic. But also please keep in mind that if people realize that you're stubbornly ignoring most of their feedback then they will naturally be reluctant to offer more of it. Since there's not too many deeper discussions on the forum I think it's perfectly understandable that a few people may get annoyed if they see someone hijacking such threads with personal agendas and such.
The now late Stephen Hawking famously said that "intelligence is the ability to adapt to change" and I couldn't agree more. A good trader that understands the markets he is trading should never run out of edges no matter how they change and evolve over time. Minor edges and minor traders may come and go but big edges and big traders are here to stay and they will forever have something to trade on a daily basis, that is an absolute guarantee.
For example have a look at the football in-play markets and the VAR changes to it along with random delay increases, those recent changes are beyond annoying for a higher frequency trader like myself and that may influence my approach to trade more around time decay than trading around goals in the future. Tennis in-play markets are an even better example with many market making traders and noise traders complaining last few years due to lack of liquidity and overall market noise, it is very clear that if they do not adapt and change and learn new skills that they will quite possibly die out.
To go back on topic of deliberate practice, I see this thread more as a continuation of the process that Eightbo started a few threads ago once he realized that he needed to change/tweak his approach to maintain and strengthen his edge over the market. I think that's brilliant and I encourage it, like Steve Burns said, you need to have a process, any process, to ensure actual progress is being made in the right direction. Your process may be more or less efficient but I think it doesn't matter too much in the end as long as it's the right process, no matter how slow a person is moving in the right direction he should eventually get where he wants to.
I think these threads more than anything else highlight the importance of having a process in general, which many people completely lack. Once I became fully aware of the immense depth of the markets I knew no matter what that it was going to take a long time to get where I want to get. One potential shortcut that I really liked came about when I was reading about the concept of Accelerated Learning, I tried to borrow a few elements from it and tailor them into an accelerated learning process that suited my own needs. In short I needed to figure out through trial and error which learning process and practice method produces results and creates progress and which one doesn't. For me the most important thing was to stay flexible with the plan in general, the plan that you write for yourself today may need to be completely rewritten or tweaked tomorrow, based on the feedback/progress/flaws that you've had on this day and so on. Likewise, a trading/practice plan that you first create can easily become completely obsolete a week or 3 later, if you make enough progress and during that time find a better edge or something that requires a different skill to the one you've practiced so far, so it's always good to stay flexible and re-evaluate things when needed.