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Koyaanisqatsi Hototo--wldman out of balance
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Koyaanisqatsi Hototo--wldman out of balance

  #691 (permalink)
Elite Member
Chicago Illinois USA
 
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Well then...

the purpose of "time away" from intraday directional speculation has a few different benefits.

The "fresh look" has been wonderful and eye opening. There is a certain confirmation bias that creeps in the longer you look at something. The harder you work on an item the more you want it to be true. You start to believe things are causal when they are loosely co relational at best. This is a reflection of a broader hopium addiction...one that will kill you if you are not well funded with money you will not miss.

In considering everything I drew to wide of a focus and allowed distractions to become routine and part of the routine. I wanted to help people and I wanted to be right...both of those are distractions from specific, consistent and monstrous profitability.

This morning I have my first screen view with the benefit of two "user manuals" from the incomparable @Fat Tails.

Harry your design is elegant, your display is beautiful, your analysis powerful. I can not tell you how many times I said, Yes! out loud and launched a mental fist pump while reading. I can not wait to get this display dialed in.

You DO NOT need to divide your time to respond here. I can only imagine how busy you are. I simply wanted to THANK YOU again and in perpetuity for sharing your brilliance with me and the gang at fio and NT. You are a generous, kind and brilliant man. My trading and my life are enriched because of you.

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  #692 (permalink)
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wldman View Post
1. God did not give you a spirit of timidity, but a spirit of power, of love and of self-discipline. Pray that you will have wisdom to learn, strength to persevere, self-discipline to remain true to yourself and the courage to be honest and humble.

2. What are today's........

thks for this, i like the loaded questions to give you a kick up the proverbial derrier. its printed out and on my desk, (slightly customised).

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  #693 (permalink)
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yeah man...


@DaxyMcDaxFace

I made the first version of that the night before day one on a corporate desk. Especially after the risk capital became my own I made it a point to be honest and complete that everyday. I'd hang it on the fridge and review it with anyone that mentioned it. Full disclosure and open discussion is consistently hard, but way better than the offspring of the opposite.

Dan

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  #694 (permalink)
Market Wizard
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DaxyMcDaxFace View Post
thks for this, i like the loaded questions to give you a kick up the proverbial derrier. its printed out and on my desk, (slightly customised).

second that...got it on my desk too.

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  #695 (permalink)
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Okay...

I feel like I have a primary view dialed in, but I'm not sure yet about the vocation/hobbyist question. The intraday time frame is insanely difficult for directional speculation when compared to arbitrage or structured hedge trading. Say nothing of how easy it has been to beat the pants of the S&P 500 in an "investment" time frame.

This is the most difficult element, especially for a former market maker. For years we learned how to kill each other to be on every ticket. To be first and to do them all if we could, was how the most prolific guys held sway. That is long gone now. I need to learn how to expand time frame and not be on the shitty do.

Guys...ones who are earning consistent and significant profits, what is your typical hold? What products do you trade? How do you position size? When and how do you determine risk?

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  #696 (permalink)
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Realize that today ...

is not a good day to show a "view" being dialed in...sorry.

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  #697 (permalink)
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My Gosh...

that view and those pretty NT charts! How on Earth can you not make all the money in the world looking at that? (Rhetorical) I want the pretty charts back. I love the action of day time framing the ES BUT I find that I make way more money when that is a small part (almost a hobby) compared to a bigger picture. Hope everyone is well and doing well. Dan

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  #698 (permalink)
~R!$K~
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Hi wldman. Welcome back ,in your post above you mention manuals from Harry. I too enjoy Harry's writings. Which manuals are you talking about? Thanks.

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  #699 (permalink)
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Hey Man

I'm not sure what I meant by manuals from Harry. Somewhere I have his users manual for the items I purchased from him.

Let me say something about @Fat Tails. The items he has created and given away for free are among the best most elegant most useful items I have ever seen. With everything that guy says there is something that we all can learn from.

Harry said a few things when he was explaining his approach that made me intentionally review my daily routine....including my approach to trading and the markets. This gave me intention to do a deep review that caused me to reject some things that had become "core" in my trading. The changes this inspired helped all the guys in my group make more money, have more fun doing and carry way less stress.

Dan


Last edited by wldman; December 8th, 2017 at 05:54 PM.
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  #700 (permalink)
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wldman View Post
I'm not sure what I meant by manuals from Harry. Somewhere I have his users manual for the items I purchased from him.

Let me say something about @Fat Tails. The items he has created and given away for free are among the best most elegant most useful items I have ever seen. With everything that guy says there is something that we all can learn from.

+1!

Johnny

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