THE PLAYBOOK - PSYCHOLOGY KEY INSIGHTS
INTRODUCTION
● Trading is a process that has no destination. Improve through developing a
playbook.
● Archiving the trade that made sense to you builds a trading brain that is in
connection with connection with the best trades.
● A playbook is a pillar to trading successfully.
● Problems must be solved. Weaknesses don’t matter if you find solutions- Ray
Dallio.
THE PLAYBOOK
● Use whatever works and take it from whatever you can find it- Bruce Lee.
● Build from the strengths and minimize your weaknesses through the Playbook.
● The key to optimal trading is to stick with what you do best.
● Many novice pedestrian traders focus on the next positions. Consistently
successful traders focus on the process and care little about the outcome of the
next trade..- Peter Brandt.
The Big Picture
- It is the strength or the weakness.
- What are the most technical levels in our market?
- How far is the market from important technical levels?
- Is the market trending up or down?
- What is the market most concerned about presently?
- What is moving the market?
,Intraday Fundamentals
- Trade with the real order flow based on the news announcement.
Technical Analysis
- Assets near a long term resistance should not be bought. Wait for
violation in order to buy.
- Follow the trend until it says no more.
- Grade every trade.
Reading the Tape
- Entries and exits determine your trading score.
Intuition
- Experienced traders trust their inner voice which is developed from the
playbook and reviews.
- Attributes of great traders: Heart or courage, being dynamic, fluid and
flexible, willingness to learn and improve.
Trade Management
- Pay attention to whether you could have gone bigger responsibly in a
trade, specifically where and why?
Trading Strategy
- Master your edge.
Trading Review
- How does a trader feel about how they traded this set up?
- What levels are most important for this stock going forward?
, - What trading ideas can we develop today for tomorrow? Use the
information you gained today for tomorrow.
Top 10 ways the PlayBook can help your trading
● Find the best setups for you.
● Eliminate the trades that are not worth your intellectual, emotional , and financial
capital.
● Get bigger in your A+ setups.
● Hold your trades for the real move.
● Sidestep those annoying HFTs.
● Accelerate your learning curve,
● Lower your trading stress and pull the trigger.
● Take the first step towards developing auto strategies.
● Think through your trades like a pro so that you can adapt when the market
changes.
● Align yourself with the future of trading.
Note:
- The best investors generate long-term returns by making rational unemotional
decisions. They do spend time and effort learning the basics.
- You don’t have to be in every trade, you have to be in trades that make the most
sense to you.
- Adding size slowly in your best setups will give you confidence, mindset and
elevate your PnL.
- Hold trades and have an exit plan.
INTRODUCTION
● Trading is a process that has no destination. Improve through developing a
playbook.
● Archiving the trade that made sense to you builds a trading brain that is in
connection with connection with the best trades.
● A playbook is a pillar to trading successfully.
● Problems must be solved. Weaknesses don’t matter if you find solutions- Ray
Dallio.
THE PLAYBOOK
● Use whatever works and take it from whatever you can find it- Bruce Lee.
● Build from the strengths and minimize your weaknesses through the Playbook.
● The key to optimal trading is to stick with what you do best.
● Many novice pedestrian traders focus on the next positions. Consistently
successful traders focus on the process and care little about the outcome of the
next trade..- Peter Brandt.
The Big Picture
- It is the strength or the weakness.
- What are the most technical levels in our market?
- How far is the market from important technical levels?
- Is the market trending up or down?
- What is the market most concerned about presently?
- What is moving the market?
,Intraday Fundamentals
- Trade with the real order flow based on the news announcement.
Technical Analysis
- Assets near a long term resistance should not be bought. Wait for
violation in order to buy.
- Follow the trend until it says no more.
- Grade every trade.
Reading the Tape
- Entries and exits determine your trading score.
Intuition
- Experienced traders trust their inner voice which is developed from the
playbook and reviews.
- Attributes of great traders: Heart or courage, being dynamic, fluid and
flexible, willingness to learn and improve.
Trade Management
- Pay attention to whether you could have gone bigger responsibly in a
trade, specifically where and why?
Trading Strategy
- Master your edge.
Trading Review
- How does a trader feel about how they traded this set up?
- What levels are most important for this stock going forward?
, - What trading ideas can we develop today for tomorrow? Use the
information you gained today for tomorrow.
Top 10 ways the PlayBook can help your trading
● Find the best setups for you.
● Eliminate the trades that are not worth your intellectual, emotional , and financial
capital.
● Get bigger in your A+ setups.
● Hold your trades for the real move.
● Sidestep those annoying HFTs.
● Accelerate your learning curve,
● Lower your trading stress and pull the trigger.
● Take the first step towards developing auto strategies.
● Think through your trades like a pro so that you can adapt when the market
changes.
● Align yourself with the future of trading.
Note:
- The best investors generate long-term returns by making rational unemotional
decisions. They do spend time and effort learning the basics.
- You don’t have to be in every trade, you have to be in trades that make the most
sense to you.
- Adding size slowly in your best setups will give you confidence, mindset and
elevate your PnL.
- Hold trades and have an exit plan.
