As I watch the price move on the chart thinking about the different set ups I am becoming aware that as price moves. that I am seeing the set ups with a blurry eye. It is like all the years of learning have disappeared and that the market is just this moving force that seems to violate every observed edge. I seem to be no longer to read the turns.with any prediction. It is like the market knows all of the known set ups and is breaking them.
What I think is actually happening is that I am finally seeing the market as a non predictive monster where each price movement has a 50/50 chance of some direction. So while i am wanting to find that specific price where the market is and I can enter without taking even 1 tic of heat. I can see that is a futile exercise.
I suspect that is why pro traders get in somewhat in their area of trade and manage the trade with good exits. As i have said before this means bigger stops than I am comfortable with for what seem to be a target is less then what is needed to win more than lose. Or maybe it just means a lot of little scalps with short stops and a runner that may sometime work in ones favor. I used to think I was fear-full of taking trades but it may be more of the fact that my inner thoughts are telling me that you are trading against crazy people who have less of an idea than you and it show up in the chart movement. I must start to think 2 moves ahead of them.
On a different subject. I finally ordered and got the Don Miller book Chronicles of a million $ trader. I have read the first 4 chapters and probably will never finish it. I think most traders are looking for answers on how to get their first $300,000 and be giggle pink about it, rather than reading about how to grow it to 1 million. It is kind of like reading how rich people get richer, and tell you how frustrating it is to lose there third house. While I was not expecting any mechanical secrets I was expecting to read about the mental side of his early trading years. I have also noticed that he tends to say a lot of things on his blogs and such, but never seems to really say anything or of any detail. I have come to realize he is a trader in a different league that I probably could never emulate, so I will move on and find my own way. Sorry Don- I tried.
The Monster Within Me
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The Monster Within Me
There is a monster within me. His name is Phil. These are the journal's that will record my battle with the monster and his attempt to keep me as a losing trader. But I will prevail and learn to control this monster within me. I will be a great trader, I will be in control of who I want to be.
I will SLAY THE MONSTER within me so that it can no longer control me and my thoughts.
By becoming an Observer of the self, I give authority to the Empowered parts, to be all I can become.
Brick by Brick
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