ALGOS AND EGOS

“The development of general ability for independent thinking and judgment should always be placed foremost, not the acquisition of special knowledge.”
~ Albert Einstein

I talk about mindset and systems a lot these days.

Used to talk about trade ideas, but some of that felt like grandstanding.

There are tons of good ideas posted for free every day.

But here's the problem: most people consume those ideas as infotainment and don't take the trades.

Looking a gift horse in the mouth, basically.

I experience this firsthand every time I run the CONSISTENCY course.

I state upfront that by working on the "narrative" driving the market, selecting sectors and stocks in play and looking at a few fundamentals, we'll come up with some of the biggest ideas in the market for that month.

And we do. Every time.

Yet almost nobody in the student group trades those ideas consistently.

They'll go off and trade randomly because they look at ten stocks every day and something moved on the chart. Or, they "like" a stock that they have no clear macro view on and can't objectively win with, so they "hit it" like the proverbial roulette wheel because of a “signal”.

This is not a criticism. It's an observation of a recurring behaviour I've seen after working with over 100 people since September '22.

In my opinion, it’s a mindset issue.

A lack of focus and systematic thinking.

There are moments near the start of the journey where you need to trade “socially”, be in a room and get those call outs.

But the goal is financial independence, and that isn't built on dependency.

Even if you're following the best trader at the best time in the best trend.

At some point you can't survive if you can't think for yourself.

I'm keen on solving this problem as it becomes the eventual sticking point for everyone who's learned online and never worked on their own approach.

The reasons for inconsistent actions and results are quite obvious.

The traders who aren't the most self aware and internalised are the ones who seek both novelty and perfection (a contradiction in terms) and end up being fooled by randomness and their own lack of self control.

They know a little bit too much theory and not enough practical knowledge from testing in the market.

They start exploring The Strat, then ICT, then the latest EMA scalping strategy because they’re being pushed to seek novelty by social media algorithms.

“One more thing and it will finally click.”

Right?

All of these approaches work, but long term success still rests on the trader.

To define this further, the trader is NOT you…

Let me explain.

It’s a persona you build with a psychological profile that can handle the uncertainty, the randomness, and knows your own behaviours and tendencies as well as the market’s behaviours and tendencies.

The best traders are the ones who operate on a discretionary basis, using their mind, systems and processes to dominate "the hard right edge".

They solved the biggest question in trading: “what do I do best?”

If you can answer that in 20 seconds, you have something practical and workable.

Repeatable and scaleable.

If you can’t answer it, it’s the only question to be concerned with.

The one that leads to wealth.

It’s not as hard as people think.

It’s a straightforward matter of developing processes that create measurable results in order to iterate and internalise what you are building for yourself as a unique approach.

Something you can explain easily, but others can’t copy or perform quite as well as you do.

Everyone can be the best at something, and when it comes trading the market is wide open for the most unique expressions of an idea, positioned for a profit.

That profit is obtained from people who think like everyone else, the 99% getting their PhD in price action from YouTube, forever doubting that they know enough.

As if the social media algos will ever stop offering you one more video about algos in the market.

None of that matters, but it’s satisfying to talk the talk.

It’s an ego thing to keep consuming knowledge for its own sake, or to think that specific knowledge is inherently special knowledge.

Einstein famously stated: “In theory, theory are practice are the same. In practice, they are not.”

What you know and what you can do can be world’s apart in trading, and that’s the real gap fill play.

The only algo to master is your own patterns of thought and behaviour, in order to trade observable patterns of behaviour in markets.

P.

The CONSISTENCY course starts again on 3rd June.

It is simply the best way to learn how to create your own profitable system.

In the last course, one trader with just one year of experience made over $13k in 3 days.

I wasn’t surprised.

Once you identify what you do best, systematise and embody it, the results you want become a matter of fact over time.

It’s that simple.

We work on creating the biggest ideas in the market, the correct understanding of how markets move and simply go to work with optimal routines to ensure longterm success.

Most traders never develop a system.

They think it’s all on the chart, even when they’re consistently not getting the results they want.

Superior systems achieve superior results.