The Bucking Bronco

Years of mechanical study of boring scales... daily guitarist routine!
Humble and painful climbing to the top!

(One year to get at the level - not properly pro - showed in the video!)

It's a paper written from a point of view of a psychologist than a trader I guess would be a fair conclusion

But something to take home

::Finally, the finding that markets with insiders prompt people to use a skill (ToM) that they are generally good at may explain the popularity of betting and prediction markets, where information asymmetries abound. Uninformed participants may feel confident that they will detect insider trading when it emerges. This result may also explain why people are willing to participate in markets that require advanced problem solving skills even when they know that there are others in the marketplace that have better skill::

Spiral example is right to the point!

How to build a proper, personal "Mental Road Map" – 20

Back to work... let's stay to the basics of correct formation/education!
(Not all it's correct and is not proper Forex... and it is just one aspect of the equation) but it's ok to explain what I mean.

Market Language
OODA Loop
etcetera

(fti to Jupiter: don't explain what you learned. Emperor moth mode please. Amen.)

How to build a proper, personal "Mental Road Map" – 21



How many Motive Patterns?
How many Corrective Patterns?

This is something I just found... it is a Bloomberg activity. (All my respect.)

https://traderbrainexercise.com/Home

No comment by my side.
If interested, discussion is free... Not so sure about my participation!
Anyway... enjoy.

The neuroscientist David Eagleman, stated in his book "Incognito" that
“...most of what we do and think and feel is not under our conscious control.
… The conscious you is the smallest bit of what’s transpiring in your brain.”

He continued,
“Brains are in the business of gathering information and steering behavior appropriately.
It doesn’t matter whether conscious is involved in the decision making.
And most of the time, it’s not.”

Scholars in judgment and decision making say things like: “intuitive thinking underlies the most advanced thinking” .
Research points to evidence that more sophisticated thinkers rely on the essence of a situation
rather than the literal, verbatim recounting of the factors to make choices.

As I said I don't think that this is the case of Trading!
As I said we must be careful to use these schemes when we talk about Trading. They could be tragically dangerous and misleading.

(As I already said commenting The Tao of Trading book...) An expert trader who listens for and parses their internal voice...
TO ME! IMHO!... actually accesses his years of watching the Dance of Price.
(As I said in the Spiral post!...) He accesses his tool box: years of DELIBERATE practice!

That practice and that complex intellectual experience, internalized, have become a second nature.

There is nothing of mysterious or esoteric.
We are just facing the errs and mistakes of the average (loser) trader: a non-existing myth!

Col. Boyd wrote his manual on air-to-air tactics using his own free time.
The manual was accepted by the United States Air Force (USAF)
and became an official military doctrine titled "Aerial Attack Study".

Boyd was awarded the Legion of Merit in recognition.
Until then, air combat was viewed more of an art rather than a science.

It was Boyd’s work that categorised the different series of counter manoeuvres for every manoeuvre made during air combat.

I apparently haven't got the traders intuition

How many shades of gray do I have to learn and familiarize my eyes to see before I even begin to dream of flying ?
Getting the concept right is only half the battle - again back to the Moth story.

To close the loop I need to become flexible!

And to be flexible I need to learn every possible shades of gray and train my eyes to see them because they don't come exactly the same as the last one and be prepared for all variations - only then I guess I can safely say that I've began flowing BUT only within my miniscule pond not the ocean

All right.
It is possible that I suffer from idiosyncrasy with the word "Intuition", when applied to Trading!
I'm a member of the “Trade on Facts” Club.
If instead we begin to talk about "Subconscious" I am much more at ease.
Of course and naturally individual subconscious has an influence on Trading activity.
But as soon as I use the term SUB-conscious ... I immediately reconnect to it the terms: Control, Toughness, Discipline.

The subconscious mind is 88% brain function and is based on habits, emotions, long-term memory and self preservation.
I see and imagine our subconscious mind as the hard drive of a computer.
Do you get what I mean? Out “recorded and stored” historical data.
And we are again in the territory of my “Spiral” post!

And here is Linda Raschke again...
“You are what you think you are – which means that in order to change, you have to change the way you think.
Your thoughts then create physical reactions. Your imagination is more powerful than knowledge.
What happens in your life is purely neutral. It becomes positive or negative only by the way you respond to it.
To be mentally tough is a science. Know it. Believe it.”

In order to create and sustain change, you must work on your subconscious as well.
You can access your subconscious through relaxation, visualization, imagination...
(hypnosis is just a sort of extreme relaxation...)

> Focus on Solutions, not the problem.
Create a mindset where you will find a solution and then the brain will produce a solution when asked.
Now here is what was interesting: Solutions in the brain come from words. We only function off words… and this includes positive self-talk.
> Mental images/Modelling are fundamental. They are the way we program our mind to decide and respond (if, then, otherwise)
> Let go of anxiety.
Is the fear real or imagined? It is hard to be relaxed unless you are in control of it. If the fear is real, you can deal with it. Let go of imagined fears.
> Learn self discipline with a positive attitude.
Attitude is a choice. Focus on your self talk and stay positive. Words are what we need to consciously be aware of.
The subconscious mind takes words literally. Self discipline is speech habit. “I can control what I think or hear”.
> Make a Plan. And to me this is the opposite of this damned idea of intuition... Have a stable routine.
But here is what was important: the plan must be written. If you write it down your deep brain sees it.
The deep brain needs a reading. Mental plans simply do not hold up.
> Create a new Discipline.
Self discipline can be considered a type of selective training, creating new habits of thought, action and speech.
It can also be task oriented and selective.
Self discipline is positive effort, not denial The easiest way to think about self discipline is WORDS.
We already talked about that: words are important.
And you can choose the words you say to yourself (self talk and auto-coaching: be your personal coach!)
So, it is a discipline in selecting your words and monitoring your thoughts.

I'm a Dressage rider.
In competitive dressage... preparation, self talk, self discipline and having a plan are everything.
Yet there are uncontrollable variables too,
such as the mind of the horse you are riding!
Your horse, your companion might be tense or nervous.
The footing might be sloppy (physical problems?)
The weather might be poor.
The terrain not perfect.
The public too noisy...
or an unexpected event could always happen everywhere...

It is a rare occurrence to achieve a "mistake free performance" when riding a dressage test.
(Sounds like a typical trading day? Doesn't it?)

And here there are the main questions we face in Dressage. Just for true horse lovers... don't click on it!

Intuition? We are talking about correct knowledge of facts and differences (first of all), analyseable techniques and (plus) personal sensibility.

Lipizzaner horses in Wien have Spanish origins... they know how to dance!

606 banking!!!
What do you think?... Are my words trite and empty? Simply nonsense...? Cow dung?

Trailing my stop! Ready to bank again! Hey... I know you are selling! OK?

Banked 590.

What a battle on my DAX.
Misleading moves on both sides and atrocious revenges as answers.

Me..? Opportunist Sun Tzu disciple (my way! ) I'm playing on both side as usual!
No problem to me... I don't care... I search for the right side in the now.
Search and destroy mode.

Be very careful.

Closed my heavy short under an unfair bull attack @550... I knew it!
Impossible to re-enter... . Too quick.

Anyway, nothing to complain.