The Remek! process

If market does x, I will do z. That is the reactive mindset (as opposed to a predictive one) of the Remek! trader. 

The Remek! Process:

(For the following, it is assumed that you have a written trading plan that you follow with the highest level of discipline, and which includes sound money and risk management rules based on your personal circumstances, skill level and financial resources. Do batches of fifty in SIM until you're consistent. Then consider starting live on M6E or MGC or other relatively liquid micro contracts or small lots of stocks to build mental resilience.)

  1. Be in the flow, in the present. Like in tennis, what matters is the next ball, and the next ball only.

  2. IF not within 7 minutes of major news (marked red),  THEN wait for a setup.

  3. Identify area of business.

  4. Make a hypothesis, e.g.: IF [price inflection within 'area of business'], THEN [go long/short]. ELSE [disable system].

  5. Switch to LONG or SHORT.

  6. Sit back and follow rules in Nr. 4.

  7. When done for the day, go to the park, do yoga, read a book, listen to Bach, walk the dog, feed the cat.

  8. Remember: you're not trading for 'money'. You're trading to follow your process with the highest level of self-control and discipline. All else, be it however important, is a by-product of following a process with positive expectancy.

This is how we cast our fishing net, and this is the line of thinking we follow for all our setups.

Mindful trading!

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