On my semi-annual long-stay visit with parents in Canada. Mom has to make a 4-course feast on every meal. I'm generally fasting and on OMAD (one meal a day) for the health benefits & energy management.
Mom: You aren't eating
Me: I had a big piece of salmon and tons of veggies 1/
Mom: You are losing weight. Are you diabetic? Oh my god, you have diabetes and aren't saying!
Me: No, I eat once a day and I don't like heavy food. I'm not diabetic.
Mom: Is there something missing in the food? (starts reaching for the salt shaker)
Me: Food is always great!
2/
Mom: Do u want me to make something else for u? (there are 4 meals on the table plus salads)
Me: No, this is great. God bless you, mom. I just don't eat much and I don't need that much to eat.
Mom: OK. I don't know why you stopped liking my food. Also, see a doctor soon
3/
Me: (Reaches for the next platter and starts reluctantly scooping lamb chops into my plate)
Mom: Wait till you taste the stuffed mushrooms
Moral: Old-school parents show love thru food. I feel like humpty-dumpy now but who am I to deprive her?
4/4
1 meal and I feel like 6 weeks of marathon prep have been reversed. Gonna have to double my distance tomorrow morning and that will cover about 8% of this meal.
Thru it all, I am blessed that I have them and am in gratitude. Don't want to sound like I don't appreciate all of it
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An observation: The complexity with which #traders often approach the market is sometimes impressive. It really is simple;but not easy.
IMO, any approach that doesn't appreciate the basic auction mechanism is likely to result in layer over layer of derivatives of price & volume.
Learning the auction is key for every time frame. The fundamental basis from which to form a bias. Then add indicators and tools to taste to hone in on execution.
To me, it often seems backwards. Tons of stuff on a chart to where we can't see what price is signaling.
Big picture auction ➡️ Form a bias ➡️ Map key prices in our time frame and risk ➡️ use something to make execution routine ➡️ wrap it all up in a good R-Factor ➡️ Edge should show with large enough sample.
Anecdote: A friend of mine who I felt was intelligent sold his 3 yr old Acura for $12k over book value. He has been bragging about it for 2 wks. He now needs a car and can't find... (cont)
a "reasonable" deal. Very frustrated. He can't believe how much dealers are trying to "rip him off" and how "the system is rigged". Lots of conspiracy theories...which has resulted in me losing respect for the guy. I guess the (cont)
laws of supply/demand pricing should only apply to him when he is selling at a premium, but somehow they are a conspiracy when he is the buyer.
So it has become painfully obvious to me that the fashion now is that (cont)
Not directed at anyone in particular, but there is a lot of well-intentioned #trading advice on fintwit about avoiding FOMO, being patient, reading price, etc. However, the underlying issues aren't being addressed: [a short thread]
If I'm being patient, then what am I looking for to act?
If I'm reading price, what is it exactly that I'm reading?
The core issues for most are no longer under-capitalization and leverage (thanks to the push for micros that finally came to fruition). The underlying issues that must be resolved are...
A fundamental question that is overlooked as traders jump into indicators, tools, chart types, patterns, moon cycles or whatever: why should the market reward your trade? Why here? Why long or short? For what target and at what stop? Cont... #trading
What inefficiency are we exploiting? Why is this price unfair? Is our evidence based in fact? Statistics? Or.... #trading
Is it because our moving average crossed & that's all there is? Or maybe some dot showed up on our chart?
Think about it: Everyone is seeing the same price, time and volume. These are the elements.
Knowing that, what is it we are doing that deserves to be rewarded? #trading
Based on comments made on #TraderBite this morning about the trend up yesterday and how it contained a TON of delta divergence sell signals and seemed to rise on negative delta. Many have emails, DMed, etc. Saying they were the "imbecile" selling all the way up....
So I get why this happens and how enticing it is to try to call a top and catch that turn for a super-dose of dopamine and euphoria. BUT this is not trading. Not by a mile. It isn't stupidity, it is just not recognizing where we are on the map and staying objective....