Hi Kyna, thanks again for this amazing and deep article. You are one of my Top3 readings. Congratulations!! Keep the good work. Regards from Portugal. Nuno
Thanks for sharing this abstract from Maikel. I can definitely see the value in writing some statement like that for constant reminder until I truly internalize it.
The losing streak reality is one of the hardest for me to accept. Another important point you mentioned is not seeing the setup in isolation. The strong environment and strong theme has the power to provide a huge tailwind for the setup. Therefore, I am at a point where I am thinking that it doesn't even make sense (for me) to take a setup in isolation.
Not related to this article, but I am at the stage in my journey where I am able to sidestep in bad environment for my strategy but finding difficult to decide what to do in a choppy environment.
I can't personally relate to difficulties around losing because I learnt so early on to use stop losses and about the probabilistic reality of losing streaks. But Maikel from the reader story series springs to mind as having had difficulty with accepting losses. https://tradingresourcehub.substack.com/i/170621544/when-id-be-better-off-to-accept-the-loss-and-go-with-the-flow (Link jumps to right place in browser, not Substack app.) Might trigger an idea for you.
In chop, what trading style thrives? Short-term trading, capturing sharp 1–3-day bursts. Is that something you want to do?
If your style doesn't thrive, trading that period means sizing smaller and more stress while trading. Again, is that something you want to do?
Ask questions. Be honest with yourself. Are your actions aligning with your goals?
I wonder how the deliberate effort in filtering information through your own lens, as opposed to relying solely on tools or pre-made models, is essential for making borrowed ideas truly effective.
For one, any pre-made model was made by someone else. At best, that model was made to suit them. (At worst, it’s a generic thing that doesn’t suit anyone.) You are not them. It’s like wearing clothes tailored for someone else.
Also, as a discretionary professional (even as a systematic trader, you use discretion in designing backtests, etc.), your most valuable asset is judgement. That comes from pattern recognition. And you’re not going to learn it unless you yourself go through the data from which those patterns emerge. This is how you refine execution details to suit you. And it’s how you build conviction.
Hi Kyna, thanks again for this amazing and deep article. You are one of my Top3 readings. Congratulations!! Keep the good work. Regards from Portugal. Nuno
Glad you found it valuable, Nuno! And thank you for the kind words :)
Thanks for sharing this abstract from Maikel. I can definitely see the value in writing some statement like that for constant reminder until I truly internalize it.
Another awesome article, Kyna!
Some nice and tangible internalization points.
The losing streak reality is one of the hardest for me to accept. Another important point you mentioned is not seeing the setup in isolation. The strong environment and strong theme has the power to provide a huge tailwind for the setup. Therefore, I am at a point where I am thinking that it doesn't even make sense (for me) to take a setup in isolation.
Not related to this article, but I am at the stage in my journey where I am able to sidestep in bad environment for my strategy but finding difficult to decide what to do in a choppy environment.
Thanks, Jaimin :)
I can't personally relate to difficulties around losing because I learnt so early on to use stop losses and about the probabilistic reality of losing streaks. But Maikel from the reader story series springs to mind as having had difficulty with accepting losses. https://tradingresourcehub.substack.com/i/170621544/when-id-be-better-off-to-accept-the-loss-and-go-with-the-flow (Link jumps to right place in browser, not Substack app.) Might trigger an idea for you.
In chop, what trading style thrives? Short-term trading, capturing sharp 1–3-day bursts. Is that something you want to do?
If your style doesn't thrive, trading that period means sizing smaller and more stress while trading. Again, is that something you want to do?
Ask questions. Be honest with yourself. Are your actions aligning with your goals?
This is how you gain clarity.
I wonder how the deliberate effort in filtering information through your own lens, as opposed to relying solely on tools or pre-made models, is essential for making borrowed ideas truly effective.
Where do I start…
For one, any pre-made model was made by someone else. At best, that model was made to suit them. (At worst, it’s a generic thing that doesn’t suit anyone.) You are not them. It’s like wearing clothes tailored for someone else.
Also, as a discretionary professional (even as a systematic trader, you use discretion in designing backtests, etc.), your most valuable asset is judgement. That comes from pattern recognition. And you’re not going to learn it unless you yourself go through the data from which those patterns emerge. This is how you refine execution details to suit you. And it’s how you build conviction.