cooker

There’s a POWERFUL indicator that exists which you already have, one that makes sense of chaos but hinges on a critical component: Performance. I need to explain this and then I’ll reveal the indicator. If you do not perform near your optimal level, then it will not matter. This is because performance reinforces confidence that one has left little to chance or significant error. You need to be sure of it, so make sure to track your every execution and analyze it against your expected output. This is it: When you can be sure of performance, then you’ve unlocked the ability to tap into the collective consciousness. You are the indicator, and I don’t say this to be meta or obtuse. Because others will feel the same feelings you do, you will understand the correct wavelength. Let’s say you mess this up, you feel like shit because you made too many mistakes when the world is winning trades… then you’re going to approach the market very differently than a peer. If you’re aligned with the market then you’ll know what mindset your peers are in. Knowing this is powerful because it allows you to understand where the extreme emotions exist, where the vulnerabilities are… where the exploitation comes from. Since markets cycle between fear and greed, you can be sure that your emotions will at least mimic the majority of adequate traders. When traders get too loose and excitable, they tend to take bigger losses or develop habits that get punished. When traders are too fearful it tends to allow others to capitalize on their hesitation. Either scenario can be capitalized but it’s knowing that you can see it coming AND prepare for it. Commonly it’s important to NOT extend yourself on a good spurt, to protect what you’ve gained. Ironically people tend to get way too fixated on their dominance and wish to scale even harder, thus leading to big declines or drawdowns. As one strategy becomes too popular or lucrative, so too come the leeches to exacerbate a decline. It doesn’t mean it’s permanently dead, it might just mean it won’t be as effective until another cycle occurs. It’s also important to recognize resilience, not to be confused with being stubborn. Stubborn would be endlessly bashing your head against a wall to your own detriment, refusing to give up. Resilience would be managing a tough time through your thoughts and actions. It’s clear that when others capitulate on their emotions, the market comically heals. When you tap into your experience, you understand what needs to be done and how you can avoid common pitfalls. You are the indicator, never forget that. In fact, many of you on Twitter are my indicators as well, just in a different sense.