The Trading Experiment Day 22: Passion for the Process

Process=Habit

7-17-2013 1-59-04 PM

This experiment will probably be read by next to no one by the time it’s done, but for me, it is a painstaking and crazy important process. The type of change that I needed had very little to do with trading. My thinking needed so much more work than even I knew when I started or maybe even realize right now. It’s sort of that moment that you face yourself in the mirror and realize that all of the things that haven’t worked out are no one’s fault but your own. I don’t need to learn more, I don’t need to create another system, and I don’t need another book.

I HAVE TO TAKE RESPONSIBILITY

Trading is a process. Process is just habits, good or bad. I am retraining my habits and in turn my processes. In trading, how good am I at determining a process and beating the ever loving crap out of it with discipline? In other areas of life, how good have I been at developing good habits and processes? I have been less than good… I have been amateur or immature, which ever suites it better.

PUT AWAY THE MIND SET OF ACCUMULATION LONG ENOUGH TO DETERMINE A PROCESS, AND THEN BEAT THAT PROCESS TO DEATH WITH STRICT DISCIPLINE

Think of it this way. If my trading process is crap. If I have not defined a way to enter and exit the market and a money management strategy and a risk management strategy, but I am very very disciplined to get up every morning and execute on that half baked garbage, then I will still produce half baked garbage, no matter the level of discipline. Add discipline to a crappy process and you will still end up with crap.

7-17-2013 2-06-30 PM

So here is what I am going to do. I am going to create a drop box and I am going to upload screenshots of the charts and notes on the trades that I look at over the next 18 trading days. I will put a new link to that drop box up every day in the post. I am going to load 100 historical chart pictures every day for the rest of the experiment. I want to take another drastic step towards defining my process. I will have  1800 chart examples in a folder when this is done then. It is said 10,000 hours makes one a professional. This will give me a start.

TradingLife:DefinetheProcess

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2 thoughts on “The Trading Experiment Day 22: Passion for the Process

  1. I am enjoying your posts! Although enjoying you struggle with your own truths is probably not the right thing to say!

    Keep up the great work

    Regards, Cameron Parker

    1. Cameron I appreciate the comment very much. It is a struggle and that’s good otherwise it wouldn’t be worth anything. And It’s ok to say you are enjoying it! I wanted to change my life and I just decided to let everyone in on it… Stay in touch. Shonn

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