Trading What I see !?

[ShaunWhite]

Blimey managing losses is not easy, just had one move 14 ticks against me in seconds

Trading is tough partly because there's 10 things to think about every 2 seconds. Even if you woke up tomorrow knowing everything you still couldn't execute it because it takes time to move your thought processes from type 2 to type 1 thinking. Until then you're always going to be one step behind the action.https://books.google.co.uk/books/about/ ... edir_esc=y

[goat68]

I'm thinking too intuitively...
The market looks like it's going to do this... Therefore I should trade the opposite?

[ShaunWhite]

I'm thinking too intuitively...
The market looks like it's going to do this... Therefore I should trade the opposite?

That's not intuitive that's not trusting your judgement.

Btw what time frame is 'going to do this'. 5s? 30s? 1m? 5m? Bearing in mind that you're not a fortune teller.

[jimibt]

I'm thinking too intuitively...
The market looks like it's going to do this... Therefore I should trade the opposite?

That's not intuitive that's not trusting your judgement.

Btw what time frame is 'going to do this'. 5s? 30s? 1m? 5m? Bearing in mind that you're not a fortune teller.

dang... soggy gusset again (i mean from lolling )

[speedyhamster]

Blimey managing losses is not easy, just had one move 14 ticks against me in seconds

Trading is tough partly because there's 10 things to think about every 2 seconds. Even if you woke up tomorrow knowing everything you still couldn't execute it because it takes time to move your thought processes from type 2 to type 1 thinking. Until then you're always going to be one step behind the action.https://books.google.co.uk/books/about/ ... edir_esc=y

When i was learning to Drive i had to think about the controls of the car, as well as what is happening on the Road , now 20+ years later i use 100% thought of what is happening on the Road, using the controls is 100% automatically done by my subconscious mind. if a car just pulls out in front of me i do not even have to think about braking i just automatically do so.

[jamesg46]

Blimey managing losses is not easy, just had one move 14 ticks against me in seconds

Trading is tough partly because there's 10 things to think about every 2 seconds. Even if you woke up tomorrow knowing everything you still couldn't execute it because it takes time to move your thought processes from type 2 to type 1 thinking. Until then you're always going to be one step behind the action.https://books.google.co.uk/books/about/ ... edir_esc=y

When i was learning to Drive i had to think about the controls of the car, as well as what is happening on the Road , now 20+ years later i use 100% thought of what is happening on the Road, using the controls is 100% automatically done by my subconscious mind. if a car just pulls out in front of me i do not even have to think about braking i just automatically do so.

My driving instructor had me checking my mirrors in sequence, he told me he expected to see me doing it every 6 seconds (no idea how he kept up with checking me) offside, nearside & rear view was the order but if I was to indicate the sequence would change, I would look first into the mirror of the direcrion I was going to indicate & it was paramount that my eyes looked before I indicated... and he picked me up on it every time I failed to do so. It quickly became a natural behaviour, not that it felt natural, at the time I felt like how the movies perceive paranoid drug addicts to be, nervously checking their surroundings for police.

Something else I remember being a hard natural behaviour to break was on dual carriage ways, if I was to change lanes, I would have to first use my sequence of mirrors, indicate and then look over my shoulder to check my blind spot... every dam time I looked over my shoulder i would automatically start to drift in that direction because I would turn the wheel into my direction of sight.

I still use what I call "my eye cycle" to this day & I use it when trading, infact I have a printed off flow chart on the board infront of where I trade with the sequence from when I planned it out.

He was the most miserable guy I have ever met & ill never forgive him for making me sit in the passenger seat for the duration of my first lesson, holding a circular tea tray in order to practice how I should properly feed the steering wheel through my hands but, I also can't thank him enough for "my eye cycle".

[jamesg46]

I was listening to a Neural Scientist Podcast recently and I can't remember if its 6.8 or 7.8 times per second that your eyes feed new information to the brain but either one its a lot of information per second, gotta be efficient with the eye cycle

[jamesg46]

So if before you know it goat you have lost 10 ticks in a matter of seconds, it could be that in the split second your trade started to move against you, fear started to take over and in response your brain slowed down the amount of new information it was taking in per second (dear in headlight moment.)

The trick is (apparently) to look side to side, im assuming its the equivalent of giving the old TV a smack to the side. The only problem is, you're the TV so that means you've got to be out of your mind in order to give yourself the equivalent to a smack to the head.

There probably is something in that goat but in all honesty, im just messing around, it gets easier with experience, if you've seen it a 1000 times before then your brain doesn't need to process it in the way it would for new information.

[ShaunWhite]

gotta be efficient with the eye cycle

Lot of truth in what you said there.
And try to schedule in a blink every 10mins or so when you're starting out, it's 300ms you just don't have time for.

https://youtu.be/jeKjerFB4mk

Screenshot_18.png

[jamesg46]

gotta be efficient with the eye cycle

Lot of truth in what you said there.
And try to schedule in a blink every 10mins or so when you're starting out, it's 300ms you just don't have time for.

https://youtu.be/jeKjerFB4mk
Screenshot_18.png

Basic solution to this problem would be a smart meter for blinks, blinks are a luxury for the experienced and should not be needlessly wasted by newbies

[jimibt]

gotta be efficient with the eye cycle

Lot of truth in what you said there.
And try to schedule in a blink every 10mins or so when you're starting out, it's 300ms you just don't have time for.

https://youtu.be/jeKjerFB4mk
Screenshot_18.png

Basic solution to this problem would be a smart meter for blinks, blinks are a luxury for the experienced and should not be needlessly wasted by newbies

was gonna say, sad but true and that : 'there won't be a dry eye in the house', but alas, it will of course be quite the opposite !!

[jamesg46]

Lot of truth in what you said there.
And try to schedule in a blink every 10mins or so when you're starting out, it's 300ms you just don't have time for.

https://youtu.be/jeKjerFB4mk
Screenshot_18.png

Basic solution to this problem would be a smart meter for blinks, blinks are a luxury for the experienced and should not be needlessly wasted by newbies

was gonna say, sad but true and that : 'there won't be a dry eye in the house', but alas, it will of course be quite the opposite !!

i fear we will be the end of goat if we load too much more on him in any given day.

If you have made it this far through todays posts goat, there is a simple little trick that has been mentioned multiple times before. SLOW DOWN YOUR LADDER REFRESH SPEED. In turn it will slow down your autonomic nervous system...

[Kai]

You guys miss him already, don't you

[jamesg46]

You guys miss him already, don't you

Yes

[jamesg46]

1:16 to save you some time goat

https://youtu.be/SwQhKFMxmDY