Faithful to a Process

Posted on Jun 3 2016 - 7:31am by Dan

I think the only market that did not finish higher in the overnight sessions, was Spain’s market.

At the moment, in many of our processes that call for some sort of directional view of stock indices (and not all of our processes call for such a view), we are long … albeit hedged.  Which I think, highlights the need to have an actual, honest to god process with a given mathematical expectency, rather than flying by the seat of one’s pants.

Because if I were flying by the seat of my pants, I would have had zero belief in the last third of this rally.

But despite my ‘gut feeling’, I am faithful my process.  Prices are moving higher.  I move with them.

And actually, given my comments yesterday, I would not be surprised to see the market rip higher for no other reason than no one seems to be expecting it. So we maintain all of our longs, in individual processes … hedged at the moment.

2 Comments so far. Feel free to join this conversation.

  1. Viet June 3, 2016 at 4:16 pm - Reply

    +1

    Being faithful to a process is something only real traders with skin in the game understand. I went through 7 consecutive losses in the last 3 months. I am still faithful to my process. Today I had one winner that made back all the 7 losses + profits on top.

    Have a lovely weekend Dan 🙂

    • Dan June 3, 2016 at 10:35 pm - Reply

      Good hearing from you.

      Exactly mate. Only actual traders understand the grind of trading. We often identify one another, by simply listening to one another. Real traders actuall understand the rigors of what it is, to be a trader …

      Hope you have a good weekend too …

      D

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