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Dalton, Jones, & Dalton, Mind Over Markets

  
  Education
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Mind Over Markets, the book that popularized (and expanded on) Peter Steidlmayer’s Market Profile, was first published in 1990. Anyone who bought the book expecting a self-help manual would have been sorely disappointed because what they got instead was a pretty complicated alphabetic model for organizing the distribution of market data along price and time axes. Twenty-three years later James F. Dalton, Eric T. Jones, and Robert B. Dalton are back with an updated edition of their text, Mind Over Markets: Power Trading with Market Generated Information (Wiley, 2013).

The book itself is organized according to the Market Profile trader’s achievement level—novice, advanced beginner, competent, proficient, and expert—with the greatest time spent on the competent level. The expert trader gets a mere two pages. (more…)

The 4 Levels Of Trading Mastery

  
  Education
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In everything you do, you’ll find yourself confronted with a standard ladder of mastery.   Trading is no exception. The 4 levels are:

• Unconscious Incompetent – when you have no knowledge and no experience

• Conscious Incompetent – you achieve this level once you’ve gathered some bit of knowledge, and can now recognize you still have a lot to learn and experience.

• Conscious Competent – when you have the knowledge and know how to use it, at this point you are starting to see great progress and results.

• Unconscious Competent – The last level of mastery at which point you perform the task with a crystallized behaviour and you no longer think about it, you just do it right and comfortably well.

states of emotion (more…)

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