smallplayer wrote: ↑Thu Oct 01, 2020 2:20 pm
I think this rigid rule tactic should make scaling up easier as I can trust that the numbers will be in my favour in the long run, no matter what stake I get up to (or at least whatever the market will take)
Hopefully that makes it a bit easier, but still shouldn't expect the scaling process to be easy, I think this is where it's most likely to all fall apart for most people.
Rigid tactics are a good start but to ensure longevity in the market I believe a trader has to be as flexible as possible, say if the market shifts slightly and evolves a year from now then you can find that this same rigid approach may not work that well anymore. Quick reactions are only possible if you are quick in mind and order flow will often demand quick decisions from you, since by the time you're mulling over whether to accept this result in 2 seconds time you may be offered a different result which may then feel unacceptable etc, helps to make most of these decisions beforehand (aka framing trades).
Strong consistency can build some nice strong habits, and muscle memory is there to help out with the more intuitive stuff, which can bore the mind if it doesn't have much to do like you've already experienced
Regarding confidence, I think only when you can successfully attack the same market from a few different angles that you can start feeling confident enough in your ability to adapt no matter how the markets change over time. So the work never stops really, if you're in it for the long haul.
