2010
06.17
06.17
Ken Long asked:
Now that you have a comprehensive list of your beliefs concerning self, the market, and systems, you have a core foundational philosophy that you can apply towards trading.
You have a framework that allows you to evaluate the ideas of others and the opportunities that will suggest themselves to you throughout the course of your trading day, even during execution of other tardes.
As you sharpen your eye, based on your core beliefs, you will see things in a new way., which is a powerful feature of the master belief list.
You wouldnt expect the coire beleifs to change that much or that often, but we want to be open tot he possibility of having breakthrough insights that fundamentally shift our perspective. Until that happens though you have a keystone that holds together your various strategies in a unifed way.
The master belief list should be reviewed monthly as part of your after action reviews.
If you find yourself struggling with discipline and sticking to your stated trading plan, then it may become necessary to re-visit the list more frequently. If I need to really get back to basics because of a run of bad form or a losing streak thatis troubling, or because I have been away from the market for a while, I will scan my list on a daily basis to make sure I have the proper mind set.
How you use the list will of course be based on your preferences and personality. No matter what though, I strongly recommend that you make the list work for you in an important and routine way
Brian
Now that you have a comprehensive list of your beliefs concerning self, the market, and systems, you have a core foundational philosophy that you can apply towards trading.
You have a framework that allows you to evaluate the ideas of others and the opportunities that will suggest themselves to you throughout the course of your trading day, even during execution of other tardes.
As you sharpen your eye, based on your core beliefs, you will see things in a new way., which is a powerful feature of the master belief list.
You wouldnt expect the coire beleifs to change that much or that often, but we want to be open tot he possibility of having breakthrough insights that fundamentally shift our perspective. Until that happens though you have a keystone that holds together your various strategies in a unifed way.
The master belief list should be reviewed monthly as part of your after action reviews.
If you find yourself struggling with discipline and sticking to your stated trading plan, then it may become necessary to re-visit the list more frequently. If I need to really get back to basics because of a run of bad form or a losing streak thatis troubling, or because I have been away from the market for a while, I will scan my list on a daily basis to make sure I have the proper mind set.
How you use the list will of course be based on your preferences and personality. No matter what though, I strongly recommend that you make the list work for you in an important and routine way
Brian
No Comment.
Add Your Comment