Trading greatness requires creativity (Dr. Steenbarger)

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[@ginagingercats]

I continue to find that unique insights can be gained by looking at what is going on *within* the bars on our charts. So, for example, we might look at the cumulative upticks and downticks or lifting of offers/hitting of bids occurring within a five-minute bar to assess shifts in sentiment. Short-term trading is like happy hour: the real action is occurring within the bars. :)

[@vincentfaragasso387]

I think watching market internals $tick$vold$add and breakdown down interday levels and daily levels on chart and identifying candlestick structure and where were at on daily perspective gives me more of an insight on expected moves.. i also watch the futures while watching internals and market profile TPO previous days to give me interday futures levels .. i try to stay dilliegent on my process but sometimes get side tracked.. finding your edge in the market and stay true to what you know and understand i feel will make you successful

[@Bookmaptrader]

Have you ever used bookmap? Trading candles for years and then getting bookmap was like finally seeing what happens inside the sticks (bars).

[@razzy1476]

Constantly picking up gems of wisdom on the psychology of Trading. What. a Teacher!! 👍😎

[@parashajik4264]

They've been the talk of the town all over here in Pakistan, but it's so surprising I saw many people praising their platform in other countries.. This must be a blessing to everyone to have such earning platform over the world

[@smbapplicantross884]

"Find information that makes sense to you." - Dr. S and also how are you USING that information to further your trading? A two step process defined here. There's MANY different methods, find what works for you and apply it to the fullest extent. "When you climb the ladder make sure its leaned against the right building." - Dr. S. So valuable!

[@mohammadfarzan230]

Thanks

[@couchpotato684]

Thanks.

[@KT-zx9jr]

Good clip and thanks Dr Steenbarger. I agree. You need to think dynamically. The past has some useful information but as regime changes, so too does the market response to future expected returns. The changing macro climate resets sentiment and anticipating where investors will be in the future is key for large money flows. Examples: 1999-2000 tech was hot, then not for a decade. Oil hitting -$37.50 a barrel n 2020 and oil stocks dropped; and then came roaring back. If investors knew they'd mean revert n more, they would not have panicked sold but instead bought like mad. Thus, one has to keep looking through the windshield with an understanding of the past....

[@georgekatcharava6087]

Spot on Dr S! you gotta make your trading strategy your own!

[@gomesdiogo]

That is the thing with creativity imo If one cant follow a strategy does not matter if it is good or not, and for the majority of people It is harder to follow to the crisp something that is not 'yours'

[@ATLJB86]

I agree creatively can vastly help you, I’m full of it. However, I don’t think it’s required and I don’t agree with the example. Why? Glad you asked! Ross Cameron makes millions day trading every year. Does he do anything creative? No! His success comes from consistency. He trades the leading gappers every morning with his own set of rules. He trades big size for small movements. He is in and out, paying a direct access broker. He has no idea how to trade anything outside of that. No creativity. On the second point… The reason Fibonacci, VWAP, 9, 21, etc work is because everybody is looking at the same thing. That’s literally the only reason these indicators work. Trying to go outside of that is not creativity, it’s risky! As a creative, I feel the term is being used very loosely here.

[@ArchimedeanEye]

@JB ATL I see trading much more as a science than an art needing creativity, however, if formulating an 'if this, then that' scientific/systematic approach to trading... much can be gained by doing this in a creative way.

[@ATLJB86]

@@ArchimedeanEye Yeah I feel it’s more about consistency than anything. Whatever you do, do it a lot. Find what you are good at and stick to that.

[@luckyjordan8139]

General Patton used to say “if everyone is thinking alike then somebody isn’t thinking”

[@dank7044]

How can this help the discretionary traders?

[@Solutionist1987]

💯💯💯💯

[@brightlc6690]

I'm impressed with the thoroughness and professionalism exhibit by this team, particularly their depth of knowledge, focus, Integrity and attention to details make us very comfortable doing bitcoin investment with them

[@Larisa1967100]

All trading traders know their mistakes. I don't believe that a person can be changed. If it were possible, SMB Capital would not be engaged in the selection of traders. The doctor can only correct the behavior of your traders who have passed the selection. Most people have illusions.

[@gomesdiogo]

I believe you're 100% wrong lol

[@Cortus]

@@gomesdiogo This is just someone who fails and wants to let themselves off the hook instead of working on getting better. So many ppl like them go "Oh I can't change so why bother? The successful ones already have it."

[@gomesdiogo]

@@Cortus brother you nailed it

[@Bhima-pq5jw]

Nothing is more easy and sweet than earning from home, I've been earning of this platform but I keep ignoring the information not until my cousin showed me his wallet balance all from his Investment with this platform which gave me the full commencement with them

[@parashajik4264]

They've been the talk of the town all over here in Pakistan, but it's so surprising I saw many people praising their platform in other countries.. This must be a blessing to everyone to have such earning platform over the world