Yes, I know, it's fell to post service a moving painting of a warm Mykonos beach when it seems that everyone is buried nether polar vortex snow, but I hope there's a signal to it!
Responding to the recent post service on David Blaine as well as the evolution of expertise, reader David Ayer posed the next questions:
If trading every bit a mission is the solely path to excellence, what most residual alongside the relaxation of things inwards life such every bit character downtime or giving amount attending to of import others? Do these give-up the ghost sacrificed? If thence are at that spot mental wellness concerns?
I intend these insightful questions reverberate of import concerns, but also misunderstandings.
What nosotros know most inventiveness is that it is at to the lowest degree a two-step procedure consisting of: 1) a menstruum of immersion inwards a domain, where people absorb all they tin most the world; as well as 2) a menstruum of stepping back, where people tin reverberate upon what they've learned as well as position their observations together into novel views of the world.
It's a flake of a simplification, but I call to the starting fourth dimension procedure every bit analysis as well as the 2d every bit synthesis. Creativity starts alongside a wealth of raw materials derived from intensive observation but doesn't bloom until at that spot is an chance to synthesize what you've analyzed into a fresh perspective.
If you lot don't practice the deep dives, analyze the charts, written report the companies, position inwards the covert time, reveal markets, inquiry patterns, etc, you lot won't conduct hold the raw materials for synthesis. There's nix to synthesize if you lot haven't made the initial observations. It's the immersion inwards observation that enables us to encounter what others don't--that gives us the rare as well as valuable raw materials.
But at only about signal people dismiss out if all they practice is stare at a covert or acquit i deep dive later another. It's the emergence from immersion that puts the heed inwards synthesis mode. That's why thence many of our selection insights come upwards when nosotros to the lowest degree appear them: on walks, inwards the shower, or inwards dreams.
After a menstruum of unusually intensive analysis, I took a opor-garai alongside Margie to Europe as well as nosotros spent fourth dimension inwards Mykonos. It was a fresh setting, a beautiful locale, as well as a getting away from routine inwards every possible sense. While photographing a picture-perfect sunset, a startling thought came to me based on everything I had been analyzing. The essence of the thought was that all technical indicators boil downward to a handful of variables, such every bit momentum as well as volatility. The key is to distill all nautical chart patterns as well as indicators into the smallest possible ready of non-correlated variables, reveal optimal expressions for those variables, as well as and thence position which of the variables are driving cost activeness during item marketplace regimes.
It was a flake disorienting, every bit this undid much of my previous work, but it was also exhilarating. The perspective seemed crystal clear--there was a "rightness" to it based on my recent observations. I threw myself into pursuing the vision when I returned domicile as well as maintain to refine the thought to this day. The regression modeling that straightaway is primal to my daily marketplace grooming leans heavily upon this structural, technical view.
So straightaway let's revisit Mr. Ayer's challenging questions. If you lot practice a dichotomy betwixt function as well as character downtime, you'll ever hold upwards a divided human being. Creative productivity requires intensive function and quality downtime. Indeed, from my perspective, i of the greatest surgical operation problems traders human face upwards is both a lack of intensive, character analysis fourth dimension and a lack of character downtime. Traders stare at screens as well as flit from chat to chat without genuinely doing the deep analytic dives. At the same time, they say themselves that dedication to trading requires that they non accept besides much fourth dimension away from markets. As a result, their analyses as well as syntheses are lacking.
Analysis without synthesis is drudgery. Synthesis without analysis is empty theorizing. It is the combination of passionate immersion inwards markets and character experiences away from markets that brings out our creative best. What is the character of your marketplace time? What is the character of your fourth dimension away from markets? How efficient are you lot every bit a inventiveness machine? As a generator of inspiration? We tin solely reveal the correct answers if nosotros inquire the correct questions.
Greatness, Creativity, as well as Trading Success
