Key Takeaways | Week 33 | 2021

  • You must NEVER trade Carelessly. There is NO benefit to disregarding discipline.
    • DO NOT CULTIVATE HABITS THAT WILL LEAD TO LONG TERM FAILURE.
    • Do not cultivate the seeds of failure.
  • The most efficient use of time is to trade flawlessly to the extent that you know how.
  • Scalping between levels in the direction of a larger trend is a viable strategy.
  • Only execute on the crème de la crème.
  • Consider the context of the overall market & the issue’s place in the grander ecosystem before trading.
  • You shine in the first 15 minutes. Refine what you’re doing well at.
  • Be ready to switch and play downside. Levels still apply.
  • Must ensure liquidity in chosen contract.
  • Must have faith in analysis & greater trend on larger time horizons.
  • Must observe & gain insight into unique price action of each new issue you trade BEFORE trading.

Overview: Very fruitful week of trading with meaningful insights. Solidification of notion that to trade well is the most efficient way to trade. You are wasting time if you’re not doing everything as best as you know how. You cannot make fruitful mistakes if you’re not doing the best work you can do. Losing money is not inefficient, trading poorly is inefficient. At this juncture, when time is limited & of the essence, you cannot afford to trade sloppily or poorly. The most effective way to speed up your learning curve is to trade as best you can, flawlessly, and execute analysis from there. If you cannot maintain this standard, it would be more efficient and effective not to trade at all, & to focus on system building or study.

Key Takeaways | 8.10.2021 | Tuesday

  • You shine in the first 15 minutes. Refine what you’re doing well at.
  • Be ready to switch and play downside. Levels still apply.
  • Must ensure liquidity in chosen contract.
  • Must have faith in analysis & greater trend on larger time horizons.
  • Must observe & gain insight into unique price action of each new issue you trade BEFORE trading.
  • You must NEVER trade Carelessly. There is NO benefit to disregarding discipline.
    • DO NOT CULTIVATE HABITS THAT WILL LEAD TO LONG TERM FAILURE.
    • Do not cultivate the seeds of failure.

Key Takeaways | 8.12.2021 | Thursday

  • The most efficient use of time is to trade flawlessly to the extent that you know how.
  • Scalping between levels in the direction of a larger trend is a viable strategy.
  • Only execute on the crème de la crème.
  • Consider the context of the overall market & the issue’s place in the grander ecosystem before trading.