Analogy of litterature and trading
To explain how i think about these three principles i will use an analogy: Litterary production.
A person can have a very vivid, interesting language when writing a story. But that in itself does not make a good story. A good story is surprising to the reader and a good story grips the reader and pulls the reader into the story. Its the same way with trading. The story is price action. The language are S/R, money management, indicators and all those aspects of trading. For the work of litterature to be fascinating and a classic, the story or the price action needs to be there. Its kind of like the story is the basic element that makes the book work and the price action thinking is what makes trading work. Without the story or the price action thinking, its nothing, meaningless.
To explain how i think about these three principles i will use an analogy: Litterary production.
A person can have a very vivid, interesting language when writing a story. But that in itself does not make a good story. A good story is surprising to the reader and a good story grips the reader and pulls the reader into the story. Its the same way with trading. The story is price action. The language are S/R, money management, indicators and all those aspects of trading. For the work of litterature to be fascinating and a classic, the story or the price action needs to be there. Its kind of like the story is the basic element that makes the book work and the price action thinking is what makes trading work. Without the story or the price action thinking, its nothing, meaningless.
My signature is: "Classified".