I recall in the course you mentioned a little bit about price action traders…pin bars, etc…along with typical slogans like …..playing out your edge….playing the probabilities, etc. I wanted to go back and review that section again. Do you recall where that was in the course? Is there any way to do a word search over the entire course? Sometimes a certain topic hits me and I want to research it but I have not found a topic or word search capability for the entire course contents.
Many years ago I was searching for the difference between regular trader that such tech indic, chart patterns, etc and the “order flow way.” I got very frustrated and tired about how the same people told me about the same concepts over and over again, in way too simplified terms. They would repeat things like “trading is all about position sizing” or “cut your losses and let your winners run” or “get the probabilities in your favor”, etc. These are all very nice and all and very necessary, but there is a much deeper element to trading that most “regular traders” don’t know about. They don’t know about it, because they do not have the right mindset to perceive those opportunities and principles.
So I searched and searched, analyzed and analyzed, different types of traders, different groups. I developed my own theories and principles for how and why the markets work. Certain principles that I feel apply to many different financial markets such as the “All trades are not created equal, trade win rate does not stay the same, statistics do not cause anything to happen, battle of macro scenarios, ODVE – MDMM – GM, etc.”
When I discovered and developed those things, they instantly started to solve some of my deep inner conflicts and false beliefs, because I had such powerful principles to work with and apply.
The average person is probably too focused on thinking that they should just “play the probabilities”, or “get the position sizing right”, and they go try to do that with inferior trading tools and concepts such as technical indicators, etc. I tried to do that, and I struggled, because I didn’t know the correct principles. I didn’t have much of a trading edge. Because tech indicators, etc, cannot measure the foundations of every market – the transaction flow, the expectations priced in, the scenarios, the sensitivity, etc.
If every trading book published that had some sort of tech indic/chart or price patterns, also included some very key information on the information flow, news, expectations, scenarios, global macro, etc, then I bet that would instantly solve 50% of the trading problems of the aspiring trader and newbie and forum browser. Of course, new trading challenges would crop up, but they would be at a higher level and eager to solve them and see the light at the end of the tunnel.
Without those key concepts, most people struggle to apply key trading money management and trading psychology. It was 1000x easier for me to do the work and develop and implement the money management and trading psychology concepts, once I figured out how and why the markets moved and had my own trading system principles and philosophy.
That is one of my pet peeves with the people who write some trading money management books. They have great information in there, but when they talk about trading systems, concepts, etc, a lot of it is rehashed information based on some sort of tech ind, etc. When the crucial information the average trader needs to push them to the next level is knowledge of the order flow, liquidity, expectations of the market, information flow, scenarios, news, global macro, etc.
It gets hard to move to the next level, if you have no idea what the next level looks like. Someone may want to dump their current trading philosophy based on inferior trading indicators, etc, but if they don’t know what exists out there, then they will stay trapped in their box. In order to replace bad habits, you need to find good new ones to adopt and take up. So you can forget about the past and just keep building the new.
Search Ability (on right sidebar)
The search has been fixed and re activated. It searches pretty much everything on the website. All the public only pages and member pages. So the results can be a lot sometimes. It doesn’t seem to work too well for overly general phrases like ”price action trading”, but it should work just great for specific searches like “ptj” and “soros”, etc. After you go to the desired area/page, then use the search ability on your browser to search the page for your desired term so it takes you directly to it. (usually ctrl +f, then type in your search term).