Saturday, October 14, 2006
:: From the Archive: Chick Sent Me High "in the Zone"
The entry Chick Sent Me High: Trading "in the Zone"
was posted over at my actio-et-reactio site in April 2005, just before I created this page to better focus on "inner" issues. "Chick Sent me High" is Mihaly Csikszentmihalyi, whose work on Flow
has earned him much acclaim, including a Wiki entry
Although you'll see various lists of how to recognize "flow", I found the list Brett Steenberger adapted for his article Find the Zone
(Word document) the most concise and observable:
- There are clear goals every step of the way;
- There is immediate feedback to one's actions;
- There is a balance between challenge and skills;
- Action and awareness are merged;
- Distractions are excluded from consciousness;
- There is no worry of failure;
- Self-consciousness disappears;
- The sense of time becomes distorted;
- The activity becomes autotelic (pleasurable in its own right).
The very first characteristic is not only observable, but actionable. Setting goals must, however, be kept bite-sized so as not to overwhelm or discourage, and conversely, not so tiny that the monitoring of them becomes the task. Another word for goal would be "trading plan", that grouping of patterns, setups, and risk control items that you must have before and after each trade, at the end of the trading day, and for periodic assessment.
I spent a good bit of time today at Brett Steenberger's site
, reading his many articles on trading and trading psychology. What a wealth of knowledge he shares! There surely is something for everyone, something perhaps even for what is needed right now
Labels: attitude, history, trading
Saturday, September 09, 2006
:: Fiction & Lunar Cycles :: Trading & Lunar Cycles
Fiction and Lunar Cyles
Tom Drake has, as he so often does, dished up something a bit off the beaten track: comments on a new "financial thriller" book. Here is the full article
(page down a bit for the book part). Here is a snippet:
The novel isn't as well written as Eric Ambler, Graham Greene, Lawrence Durrell or even Martin Cruz Smith. But it is about the financial markets and the fortuitous rediscovery of an ancient method of market timing, previosuly only known to "them"."
[more from Tom
More about Paradigm
, a financial thriller by Robert Taylor, at taylortrends.com
I know zipola about Taylor or his methods, but at amgallo, I am always intrigued with what people are doing on the lunar front.Trading & Lunar Cyles
23 Sep 06: I originally intended for the Trading & Lunar Cycles to post over at actio-et-reaction, which is, in fact, where I've moved it. Please continue reading
Labels: books, moon, trading
Tuesday, January 10, 2006
:: A Trading Plan Template
In reviewing the past year, I rediscovered an actio-et-reactio post from last July that suits the purpose of the other side: a Trading Plan Template
, created by Tim Wilcox. There is a link to a PDF of the template at the T2W site, as well as introductory comments by Tim Wilcox.
Happy New Year, and may the best of everything come to you, my friends.