Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Sign in to follow this  
zdo

They Don’t Schedule the Championships in Trading

Recommended Posts

In sports and gaming, the interested parties know ahead of time when the big tournaments are scheduled. Football players and fans know when the playoffs and super bowl is. Basketball, baseball, tennis, golf, Olympics, hockey, poker, racing, martial arts, …even frekn bingo…

 

Are you deep in awareness that we’re starting to wrap up a championship in trading that started just over a week ago? You know they don’t come along that often? Were you prepared? Have you played like a champion?

Share this post


Link to post
Share on other sites

As my great grandpa used to say - “outta breath and plum wore out”

 

In all performance activities, trading included, it’s not how well the player ‘strokes and strikes’ in general. Rather, it’s how well he or she ‘strokes and strikes’ when experiencing exhaustion and ‘running out of juice’ that makes the champions.

Share this post


Link to post
Share on other sites

Finish Strong. Finish Stronger.

 

Just got off the phone a little while ago with a trader friend up in Toronto. It inspired this thread. We talked a little about the trading over this last week, and he said he had backed off. He used typical phrases like “crazy volatility”, “more prone to errors”, “usual way of knowing where to place stops didn’t work”, etc. and after I shared some things he then opined that I should have “taken a break” on Tuesday.

I went off on him!

‘Tactically fit’ winners continue to raise their game into and until the end of the championship!

 

As a very, very green trader in ‘87, I participated early, then through Monday morning I watched my 'mentors' and others go into ‘stand aside’ mode and got sucked in…

The trading capital was ‘safe’, but I paid in inner capital big time (and not just in coulda, shoulda, woulda’s). Never again! These “championships” don’t come along every day… or even every year…

 

Have I reached my potential this championship? No!

But I have raised my game every day except one and if the ‘championship’ continues I can raise my game more... even if it goes on for weeks.

Btw, this is not about ‘holding some back’ either. It’s more about putting all my heart and soul into having more heart and soul to “finish strong”

 

… and, yes, I do need “rest” but I’ll get it when this is over …

Share this post


Link to post
Share on other sites

zdo:

 

Great analogy. Being "in the zone" where the relevant issues slow down and the brain is better able to filter out noise has it's place in trading. I believe outstanding results in

gaming in general has this element present. I know I have felt this rarely while golfing

and playing duplicate bridge.

 

I also think your 'championship" is going to present over a lengthy time frame so

keep feeling it.On the other side of the coin "hitting the wall" so to speak, will allow

noise to become louder and disimprove analysis.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Topics

  • Posts

    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • What a wild year.   AI seems to be appearing everywhere you look, Paris hosted a weird Olympics, unrest continues in the Middle East, the US endured a crazy-heated election, and the largest rocket ever to fly successfully landed in a giant pair of robot arms.   Okay, but what about the $money stuff?   Well, this year we've seen a load of uncertainty - inflation is still biting and many businesses have gone down.   Property has been very fractured, with developments becoming prohibitively expensive, while other markets have boomed.   It hasn't been an easy ride, that's for sure.   However, the stock market has had some outstanding results, and for those who know how to trade, some have done VERY well for themselves.   Some have replaced their incomes. Some have set themselves up for the rest of their days on this planet.   How about you? How did you go? Author: Louise Bedford    Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • U Unity Software stock watch, attempting to move higher off the 22.4 triple+ support area at https://stockconsultant.com/?U  
    • TSSI TSS stock, watch for an ascending triangle breakout above 11.49, target 15 area at https://stockconsultant.com/?TSSI
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.