Noise

 

Noise

As traders, what's the difference between advances in technology and failures in technology? There is none, both create trading opportunities. Regardless of each, we must have our worst case scenarios, risk planning, and emergency procedures in place for unexpected contingencies and shock events. Everything that happens in the market (and world) is outside of our control. All we can do is follow our routines, repeatable methodologies and processes, trading plans, and learn from our profitable and unprofitable trades. Everything except our discipline and commitment to our strategies and consistent performance is noise. Regardless of our hopes and fears, what we like and what we hate, how we want things to be or not be, as traders, there is only one question that needs to be asked at any given moment... and that is, "Where's the trade?"