If you want money out the wazoo
Develop a process loop and run it.
Unless you have set process loop you will flirt from method to method.
Process loops develop procedural memory...
The benefit of running process loop will be apparent after 4 to six months...
Doing same thing again and again and again and fine tuning process develops expertise...
Throughout the day or after close run your process loop.
Depending on your setup idea and timeframe of trading process loop will vary... '
Running same process loop for extended period of time will make you an expert on a setup...
Stick to few setup and do the same shit everyday till you become expert on that setup...
If the underlying setup idea is thought through and well designed , during the day the task is to run process loop.
Thinking through a setup idea is one time effort.
Process loop allows you to make money out of that setup.
When you do same thing again and again, day in and day out, at some stage it becomes a automated task and the brain spends very small amount of energy to do it.
It becomes part of you and instinctively you can figure out , whether this is good setup or not, where to enter and exit and how much to risk.
Each of the setup you want to trade needs a process loop.
All that one does is run the loop during the day.
The day you realize trading success is about developing procedural memory by developing process loop , you will be on path to success.
Trading success is about developing expertise.
When you try and develop expertise you train your procedural memory. If your efforts at training procedural memory are successful then you will become efficient in trading.
and then money money money
1 comment:
Thank you this is make sense
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