Just a little bit of advice. In order to keep your emotions and sentiment in sync with the crowd in a market you need to eliminate things which influence your emotions besides price movement and news flow. Eliminate music, movies, and anything with emotional effects.
It's best to trade in a dark room with complete isolation from any environmental emotional influences of any kind.
It generally takes me an hour after market open or even a little longer for me to get highly in sync with the market.
This is one reason why traditional pit trading was actually quite a bit easier for a lot of people. Getting in sync with the market was a piece of cake. Just spend a few minutes in the crowd and your brain would naturally synchronize your emotions with those around you. We have an entire section of our brain dedicated to social emotional processing which naturally synchronizes emotions of people in a crowd at an event like a rock concert, ball game, etc...
Having your emotions in sync allows you to predict others, but paradoxically it also increases the pull of the market. You will strongly feel the pull of euphoria at market tops, and the urge to sell even stronger as everyone panic sells into a crash bottom.
It's best to trade in a dark room with complete isolation from any environmental emotional influences of any kind.
It generally takes me an hour after market open or even a little longer for me to get highly in sync with the market.
This is one reason why traditional pit trading was actually quite a bit easier for a lot of people. Getting in sync with the market was a piece of cake. Just spend a few minutes in the crowd and your brain would naturally synchronize your emotions with those around you. We have an entire section of our brain dedicated to social emotional processing which naturally synchronizes emotions of people in a crowd at an event like a rock concert, ball game, etc...
Having your emotions in sync allows you to predict others, but paradoxically it also increases the pull of the market. You will strongly feel the pull of euphoria at market tops, and the urge to sell even stronger as everyone panic sells into a crash bottom.
"Don't fear a bubble until it starts to burst."