Kill your dreams.
In the next few days we will all be inundated with offerings for just about anything.
Some will be about diet, some about life choices and goals, some about stock market predictions and how you too can become rich and famous.
Kill all those dreams immediately.
Stifle them with the reality of our past experience.
We continually fall short of our hopes and dreams.
Something always gets in our way, and we have no idea why.
The habits we have ingrained for so many years hold us back, our mental resistance like prisoners handcuffed inside a jail cell.
Why should this year be any different?
Commitment to a vision starts one step at a time, until it picks up momentum and a power of its own.
We can climb any mountain, as long as we keep on keeping on.
Kathy Garber makes the case for technical analysis, and I agree in that approach.
While I may use different metrics and draw different conclusions, I believe it is important to do our own work.
A false prophet will try to convince us his method is the only one that works.
The Polar express arrived right on time within a few tics of the final resistance target at 1847.
Note how the prior potential targets became support once violated.
The charts and ideas I have posted are to show continuity of thinking relative to the S and P. Analysis by hindsight is relatively easy; to do it hours or a week or so ahead of time much more challenging.
More than that to me is excessive, and I will leave that to the gurus who want to impress you with their ability to predict the future.
Sometimes there’s things a man cannot know…
9:03:17 am E: 7:04:40 am E:so target 43 to 47 still available
9:03:41 am Zeek S: nice call D
I find there is greater benefit in finding opportunity every day.
Stayin’ alive: day by day carving out a piece of the action so that we may trade for a living is harder than most think.
Professional traders understand that not every trade will work. Over time, if we have one, the small edge plays out.
We teach traders to think for themselves, and to trust their own instincts.
It is an honor for me to be included with some of the brightest traders who share their insights.
@Jediphone: @eminiwizard @HamzeiAnalytics @FuturesTrader71
“I can no other answer make, but, thanks, and thanks.”
~ William Shakespeare, 12th Night
A sincere thank you to @Jediphone.
A mentor and coach can save us years of trial and error, help us locate our blind spots.
9:41:17 am xx you’ve been a saviour
9:41:54 am xx i needed the conservative approach and learning the psychological ideas
9:42:07 am xx really helped the learning curve
9:42:34 am xx i realize now he’s extremely aggressive
9:42:44 am xx and wasn’t the best approach for me
9:43:10 am xx i way overtraded from his influence
9:43:23 am mm who are you talking about
9:43:26 am xx abcd
Great feeling when I know I have helped someone mature as a trader.
A few changes this year.
I will be offering some of my tools as an a la carte approach to teaching our methodology. While I believe the whole is greater than the sum of the parts, traders need to start somewhere. These tools are the same ones I use, and you can apply these ideas to any market, not just the S and P.
Traders looking to learn through a non-stressful approach to swing and position trading will be given the opportunity to study dynamic pivots, market structure, and how to project target zones.
A reminder that tools are just that, and the reality is that other factors like available capital, risk tolerance, time constraints, and emotional self control are equally if not more important.
One of my resolutions this year is to talk less and listen more.
If your goal is to develop professional tape reading ability, please contact me and let me know how I can help you. Learn these skills prior to needing them. Dont wait until you are unemployed or retired.
Even if you don’t have the time, don’t you want to be able to direct your own investments? Fund managers that can’t even beat the S and P are a headwind to your success.
Take action now.
Best wishes for the coming year, one day at a time.