The discipline issue and the trading errors--all of that. I believe the real problem is not discipline but a lack of KNOWLEDGE. And becoming blinded by too much information.
When I know how to drive, I don't push on the accelerator when I mean to hit the brakes. The apparent lack of discipline comes from a weird combination of not knowing what actually works plus tiredness and frustration plus desire, wish and hope (the hail mary stuff).
The tiredness and the not knowing comes from trying to focus on too much iffy information. How could anyone possibly know under those conditions?
What I'm proposing--and this is the revolutionary part--let's strip price down to what we can really know. Then trade *only* what we know.
Now I made a trading error this week because I defaulted (without realizing it) to my iffy pile of information (the cycles plus a few other indicators at extreme readings).
One purpose of this board is to learn what I know and separate that from what I do not know. Then to make commitments to trade only what I know.
That's my commitment, and Landm will hold me to it.
Ted
Strip price to the barest data that tells us BUY, HOLD, or SELL.
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