Info!! Inventiveness Is The Novel Discipline

One of the key themes of my novel book is the importance of inventiveness inwards generating trading ideas amongst an edge.  What I telephone telephone Trading Psychology 2.0 emphasizes flexible adaptation to changing markets, non stiff adherence to static trading methods.  From this perspective, inventiveness is the novel discipline:  pitiable dependent area shows upwards non solely inwards emotional decision-making, but inwards consensus thinking.

You know that maxim "Garbage In, Garbage Out"?  Poor character inputs volition Pb to faulty outputs fifty-fifty if y'all employ the best of programming.  In trading nosotros powerfulness state "Consensus In, Consensus Out".  If y'all hold off at the same things every bit everyone else, you'll pretty much air current upwards thinking--and trading--like everyone else.  That's non a proficient recipe for superior risk-adjusted returns.

To lift our creativity, our dependent area needs to live on an improvement inwards our data diet.  We demand to accept inwards fresh information, improve information, too data organized inwards novel too useful ways.  I've long enjoyed the Finviz website every bit a beginning of novel perspective.  If y'all click on the heatmap above, you'll come across major ETFs too the relative majority of their trading yesterday.  Light bluish indicates much to a higher house average volume; nighttime indicates significantly below average volume.  At a unmarried glance, nosotros tin come across where coin was flowing.  That's non a bad starting dot for identifying rotational markets too sector/asset cast based marketplace themes.

How conduct maintain the SPX stocks behaved on recent net days?  This heatmap gives a useful view, a quick visual accept on whether the marketplace is help to live on pleased or disappointed amongst companionship performance.  That's non a bad starting dot for thinking most long/short themes.

Want a visual on the relative functioning of diverse commodities?  Or how most a visual on the relative forcefulness of diverse currencies?  Looking across property classes, y'all tin get to divulge emerging global themes.

But non all inventiveness comes from visualization.  Here is a good curated summary of breaking word too weblog posts that tin feed the head.

A swell destination for 2015's trading is to enrich your capacity for marketplace insight.  If y'all hold off at what others are not, y'all get to inquire questions they don't ask.  And that tin Pb to fresh answers.

Further Reading:  The Sobering Odds of Daytrading Success
.