hey all,

well I have been having a very interesting time in some pilot work for my proposed scalping course launching in 2017 .........I have been mentoring a student and getting them to shadow me as I was scalping in the last week or so .....its a great way to shake down ideas and trading rules and ensure all is what i think it is .........

Its been very interesting .........and a real lesson to me in revisiting my strategies.....and a real lesson to anyone who thinks that trading is mechanical ........with no subjectivity !

turns out I have allowed easily 10-15% more rules and ideas and subjectivity into the mix since my transitional work a few years back to Scalping (scalping requires a few more rules and exceptions than my generic higher TF based strengthmeter systems)

and boyoboy do i need to revisit them to ensure they are either codified into the system ..........or i remove them ....or i decide what the hell they are and how to explain them to students !!

Lets face it ......if Trading was easy everyone would be profitable ...........so lets assume that we can all get to a half decent system /approach (even a simple ma crossover can work with some extra rules) and that we all can execute trades pretty efficiently with a little practice ....ok ?

so what is seperating the Winning men (woman) from the boys (girls) ?

Well its the Subjectivity bit guys ......the X factor .......the ingredient and interpretations that individuals bring to everything we do in life that differentiates us from the next person and the next person..........its what makes us unique as individuals on this planet and means that humans are not robots and therefore cloneable on a production line .....(thankfully !)

If you give 2 people identical instructions to do a relatively simple task ......then usually they will go and do the same thing in about the same time to the same standard with no fuss or significant deviation .........

now make the task slightly more complex and throw in a few more external factors that impact the experiment ......and watch the deviation patterns extrapolate .........you cannot imagine how quickly those people are then delivering completely different results and outcomes to the supposedly identical target !

So my mission in next few months is twofold............:)

Deconstruct the 15% of my trading approach and either get it back into more objective formats for training purposes - or ditch it ..........or do something !

Try to ensure the methods of teaching and coaching all of my scalping rules are as easily digestible to students as possible.........

or that 15% is going to mean I have a lot of people not doing what I do ............

...................and it will all be my fault not theres !

have a good week

Neil

NVP