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Key weakness of my profile Yang Wood Day Master profile
easily confused when provided with too much conflicting social signals - slow in decision making process - recommendations: avoid unnecessary conversations and stick to simple system that works
- Do not enter into positions until SPY MACD bullish crossover occurs.
- Practice "Let's not talk about trading"
When people ask how you pay for your expenses, just reply money from parents. - When people send messages about trading related stuff just don't reply - Too many inputs from unqualified personnels creates confusion in the mind leads to bad decision - Arguments is a time sink, creates a lot of unnecessary stress, drains will power, emotional and mental strengths. This leads to poor decision making when it matters - Wasting time explaining the obvious to people does not lead to me having more money in my pocket whereas giving people wrong info leads to bad relationships later on. - Set positions and forget - Do not waste time debating about news on social networks. It leads to hurt feels amongst friends and relatives. - No point reading news as bulk of the macro signals are already reflected in the prices of index by SPY. It does not generate profit. - Don't attempt to derive satisfaction and self-worth from trading profits. If you feel good now you will probably feel like shit later when profits start diving - Do not talk about profits made during trades, makes others who did not make that money feel bad about themselves. - Do not talk about losses made during trades, provides others the opportunity to make you feel even worse with their useless feedbacks.
Related references
- [SPY selloffs](https://garyteh.com/2020/06/spy-macro-signals-for-market-wide-sell-offs/)
- [*Liar's poker* by Micheal Lewis](https://garyteh.com/2020/04/liars-poker-by-micheal-lewis/)