SWITCHing on the bright spots

December 30th, 2013, 10:54 PM

What are two SMALL things you utilize when trading that really switched on a bright spot in your trading career?

(I'm reading a great book right now, called "Switch" by Heath)

Thanks,
Yukoner

December 30th, 2013, 11:50 PM

Using limit orders well away from the inside market and letting the market come to me. Discovering Harmonics.

December 31st, 2013, 01:15 PM

For me, focusing on only taking trades with a risk/reward of 1:3 was a small change that really made a difference.

Another thing was consistent rest, as my self control is much better after a good nights sleep.

December 31st, 2013, 01:59 PM

WolfieWolf

Using limit orders well away from the inside market and letting the market come to me. Discovering Harmonics.

x2 on the limits outside.

patience is probably my number 1 and in order to turn that on I have to focus on execution instead of money.
If I start thinking about money I start thinking about missing the move which causes me to enter prematurely.
The game needs to be played a certain way and execution where your strategy and price are aligned is huge.

December 31st, 2013, 03:45 PM

I couldn't leave one out so I have three.

1) Linear regression (the moving average type)

2) The moving average settings (and some other things) I learned from Shopster's wisdom I have dug out on Big Mike's and the internet

3) Last but certainly not least, the cumulative wisdom and generosity of people here on Big Mike's!

SWITCHing on the bright spots

Discussion in Psychology and Money Management

SWITCHing on the bright spots