I am a novice trader. This stack has introduced me quickly to different traders. You have that list on the right. I keep coming back to that list as jump off points to various resources online. Of these traders I have found dr mansis jump of point the most useful. Currently reviewing her youtube video on making watch list
My favorite recent stack was easily the anthony xi post since it is something i was able to quickly integrate various guards for SA on a daily basis.. The "architype" concept was super interesting . I also check more for sector strength instead of grazing on stocks these days. https://tradingresourcehub.substack.com/p/situational-awareness-and-eps
Overall your repeated emphasis like this post on the deliberate nature of this field constantly reminds me of keep the logs. Write more. Engage more with the content. I need to further improve on this
This is really, really useful for me, Ramzay - thank you so much for taking the time to write such a detailed comment! And Dr. Mansi and Anthony will be delighted to hear that, too :)
Another great post! Can’t wait to hear from Clement, I share his struggles. On the note about creating your own trading books. How do you make sure you’re not teaching yourself the wrong method?
Let’s say you create a trading book of breakouts. But as a beginner you end noting down 50% of breakouts that aren’t breakouts. Kinda like if you teach yourself to drive you end up learning bad habits or the wrong way to do things. I was wondering if you had thought about that.
From my own experience, when I did a deep dive of breakouts, I made tons of mistakes in that process.
For one, I used PowerPoint, which is very difficult to search - but I went with it because it's low friction, which would help ensure I could stick to it.
I also realise in hindsight that I didn't look at enough context, like market environment at the time, or theme.
And yes, I included charts that shouldn't have been there.
***
From what I've heard, I don't think these types of mistakes are uncommon, and are just part of the learning process. The fact I can look at these charts now and wonder 'what was I thinking?' at times shows I have learnt something since!
And my plan is to do a new deep dive, this time in a better format (suitable for printing; probably Word) and with more context.
***
But do I regret doing that first deep dive? Absolutely not. I really do consider it time well spent, in spite of the mistakes.
***
How could I have avoided some of those mistakes?
I suppose 2 things that would have helped are (1) feedback from others and (2) paying more attention to the nuances better traders than myself were pointing out.
Don't take people's word for things, but by being pointed in the right direction, you'll have a better idea of what you're looking for when you go and do the work yourself.
You have an amazing voice Kyna! I have found so many posts of yours helpful but this made me comment. Thank you for your generous sharing
Aw, thank you so much, Ramzay! ❤️
Out of curiosity, what is it about this stack that resonated so well with you?
I am a novice trader. This stack has introduced me quickly to different traders. You have that list on the right. I keep coming back to that list as jump off points to various resources online. Of these traders I have found dr mansis jump of point the most useful. Currently reviewing her youtube video on making watch list
My favorite recent stack was easily the anthony xi post since it is something i was able to quickly integrate various guards for SA on a daily basis.. The "architype" concept was super interesting . I also check more for sector strength instead of grazing on stocks these days. https://tradingresourcehub.substack.com/p/situational-awareness-and-eps
Overall your repeated emphasis like this post on the deliberate nature of this field constantly reminds me of keep the logs. Write more. Engage more with the content. I need to further improve on this
This is really, really useful for me, Ramzay - thank you so much for taking the time to write such a detailed comment! And Dr. Mansi and Anthony will be delighted to hear that, too :)
You're right that I have been talking a lot about deliberate practice, especially of late. Thanks to your comment, I decided to list this as a new tag/category! https://tradingresourcehub.substack.com/t/deliberate-practice
Very very valuable post! Thank you so much for writing this
Another great post! Can’t wait to hear from Clement, I share his struggles. On the note about creating your own trading books. How do you make sure you’re not teaching yourself the wrong method?
Thanks, Michael. Yes, I think Clement's challenges are very relatable to many of us.
I'm not quite sure how to answer your question. What exactly do you mean by "the wrong method"?
Let’s say you create a trading book of breakouts. But as a beginner you end noting down 50% of breakouts that aren’t breakouts. Kinda like if you teach yourself to drive you end up learning bad habits or the wrong way to do things. I was wondering if you had thought about that.
Ah, I see what you mean now.
***
From my own experience, when I did a deep dive of breakouts, I made tons of mistakes in that process.
For one, I used PowerPoint, which is very difficult to search - but I went with it because it's low friction, which would help ensure I could stick to it.
I also realise in hindsight that I didn't look at enough context, like market environment at the time, or theme.
And yes, I included charts that shouldn't have been there.
***
From what I've heard, I don't think these types of mistakes are uncommon, and are just part of the learning process. The fact I can look at these charts now and wonder 'what was I thinking?' at times shows I have learnt something since!
And my plan is to do a new deep dive, this time in a better format (suitable for printing; probably Word) and with more context.
***
But do I regret doing that first deep dive? Absolutely not. I really do consider it time well spent, in spite of the mistakes.
***
How could I have avoided some of those mistakes?
I suppose 2 things that would have helped are (1) feedback from others and (2) paying more attention to the nuances better traders than myself were pointing out.
Don't take people's word for things, but by being pointed in the right direction, you'll have a better idea of what you're looking for when you go and do the work yourself.
***
Is that of any help?