Trading Psychology 101

[price_and_volume]

David Foster Wallace commencement speech:

“This is Water”: (everyone's heard it before...)

There are two young fish swimming along and they meet an older fish swimming the other way, who nods at them and says "Morning, boys. How's the water?"

The two young fish swim on for a bit, and then eventually one of them looks over at the other and goes "What the hell is water?"

The most obvious, important realities are often the ones that are hardest to see.

The market knows what's going on better than YOU and your cohort of echo-chamber dumbass retail newbs who think they have specialized "industry expertise".

Pay attention to price-action rather than PRs & tweets & dreams promised to you on message boards.

If you're in & PPS is going up, enjoy it & know what an exit-signal looks like.

If you're in & PPS is going down... wtf are you doing, really?

GLTA