Fantastic writeup on how H2 rewarded discipline over volume. The distinction between juniors needing pirhana-mode survival and seniors requiring patience is something I saw play out last quarter but never articulated this well. One thing that caught me off guard was how fast I went from confidently taking trades in high-volatility periods to second-guessing everthing when the regime shifted. The Voyager's storry about narrowing focus and rebuilding his desk layout is such a tangible reminder that environment shapes performance more than willpower.
Equities slowly melting up after this https://x.com/KobeissiLetter/status/2003526679709508005?s=20 . And it makes me wonder if, under Trump ironically, we get such a controlled environment + super low interest rates, that volatility in equities evaporates.
How you link exhaustion and the "tendency to outsource judgement and decision making"... it reminds me of how the term "lazy trading" appears all over my debriefs on days I'm trading badly. Trades where getting involved with precision requires deep focus (particularly on the tape/ladder), but exhaustion (stress load and taxed cognition) takes hold and I sort of "check out", defaulting to some technical pattern to dictate my entries as I disassociate from the order flow. It almost always ends badly. It's a terrible feeling when it happens. It feels like lack of strength and will power. Being able to recognize when I am in this state has helped a lot. I love how it resonates how you articulate things.
Fantastic writeup on how H2 rewarded discipline over volume. The distinction between juniors needing pirhana-mode survival and seniors requiring patience is something I saw play out last quarter but never articulated this well. One thing that caught me off guard was how fast I went from confidently taking trades in high-volatility periods to second-guessing everthing when the regime shifted. The Voyager's storry about narrowing focus and rebuilding his desk layout is such a tangible reminder that environment shapes performance more than willpower.
Equities slowly melting up after this https://x.com/KobeissiLetter/status/2003526679709508005?s=20 . And it makes me wonder if, under Trump ironically, we get such a controlled environment + super low interest rates, that volatility in equities evaporates.
How you link exhaustion and the "tendency to outsource judgement and decision making"... it reminds me of how the term "lazy trading" appears all over my debriefs on days I'm trading badly. Trades where getting involved with precision requires deep focus (particularly on the tape/ladder), but exhaustion (stress load and taxed cognition) takes hold and I sort of "check out", defaulting to some technical pattern to dictate my entries as I disassociate from the order flow. It almost always ends badly. It's a terrible feeling when it happens. It feels like lack of strength and will power. Being able to recognize when I am in this state has helped a lot. I love how it resonates how you articulate things.
Do you think scalping is helpful for senior traders?