The Empowered Trader by Mark Fechner

Learning to Respond to the Market, not just React

Posts Tagged ‘creativity

Series: Random Thought Provoking Postings (3)

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After a busy week of trading and coaching, I thought a diversion might be nice on a Saturday morning.  A diversion but still something worthwhile to see.

Many of you know that I made my living as a musician before getting involved with trading and coaching.  I’ve written about my experience as a musician and the skills I learned that were incorporated into my trading.  What I really like about a live performance is the energy that is generated by players, the ensemble and the audience.  Pat Metheny’s Minuano (Six Eight) is one of the best examples of that energy.

Crank your speakers.  This is worth it. Enjoy!

Mark
eTradingCoach

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Written by etradingcoach

April 28, 2012 at 7:00 am

How Intuitive Are You?

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People that know me and my coaching know that I’m a big believer in intuition.  I’ve written about being in the moment as an important aspect of trading.  Some of the best traders rely on that unexplained something that puts their trading above everyone else.  One of my favorite stories is that of George Soros and his famous trade shorting the Bank of England.  Yes he had a lot of technical and fundamental evidence to back him, but to hear him tell the story, the final call was a gut feeling he had that helped him place nearly 100% of his fund on the bet the British Pound was going to take a dive.  He made over $1 billion for his trouble.

That’s the power of intuition.  The ability to see beyond the perceived.  So how intuitive are you?  Would you like to get an idea?  This article by Vishen Lakhiani from finerminds.com asks the question How Intuitive Are You?

I took the quiz and scored a 45.  There’s room for improvement but I’m pretty proud of my score.  What’s your score? Post your score in the comment section of the blog.  I’d be interested in knowing.

Mark
eTradingCoach

Written by etradingcoach

April 24, 2012 at 7:00 am

Finding the Flow

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As a trader and a coach, I believe that it’s not what you use that matters but how you use it. People that have worked with me know that this is kind of a mantra for mine. Thousands of methods and indicators are available to traders.  To my knowledge no one indicator stands out exceptionally above the rest.

This due to the fact that the very core of technical analysis is based on what has already occurred. Indicators are built on the same two pieces of past information, price and time.  And no matter how we manipulate the past data, we will never know what the future will hold.  This leaves us with only one time frame to focus on.  The present.  The here and now.  This is where we can have the greatest impact on our trading results.

I’ve written about being in the moment in previous postings and it’s not always easy.  But the ability to be in the moment, to create that space that is optimal for you when  you are trading is far more important than understanding how an indicator is calculated.  This is why I wanted to share with you this video of Vishen Lakhiani from Finerminds talking about entering a state of Flow.  I love the definition he puts forth for Flow:

Flow is the mental state of operation in which the person is fully immersed in what he or she is doing by a feeling of energized focus, full involvement, and success in the process of the activity.  It is a state of supreme creativity.
—Wikipedi

As you watch the video, think about your trading as the business and how some of Vishen’s suggestions might be applied in that business.  This is a great presentation.

Mark
eTradingCoach

Written by etradingcoach

April 12, 2012 at 2:06 pm

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