ShaneBlankenship

A Good Practice Destroys Itself

Ausbildung
ShaneBlankenship Aktualisiert   
BATS:PARR   Par Pacific Holdings, Inc. Common Stock
We take on a discipline to do something we don't naturally do or want to do. We set some rules that will be uncomfortable and ride out the restless energy.

Keep in mind that a good practice destroys itself, the whole point of a discipline is to get to the point where we don't need the discipline anymore. That is called transformation and it takes time.

By being consistent with discipline over time, the reactionary impulses begin to die down and you will find yourself more balanced. This is where true intuition can begin to show up.

At some point, you might see where one of your strict rules doesn't make sense for a trade and if you come from a balanced mindset, you can make a commonsense decision about it.

This kind of thing is testable if you have an objective method. You test your intuitive results against the objective method results. This is all a one step forward, 2 step back kind of thing and takes time to develop. If you're in a rush, this tells you you're not balanced and need to keep the steady discipline.

Shane
Trade ist aktiv:
Trade entered according to plan.
Trade geschlossen: Stop wurde erreicht:
Stopped according to plan.

Method, Management, and Mindset
Learning through consistency and discipline
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