* Setting just one goal for change and working on it consistently for at least a month: it doesn’t lead to revolutionary change, but it creates the evolutionary change that lasts.
* Very interesting research from Concretum Research regarding time of day when SPX tends to make intraday highs and lows. Not too surprising that highs and lows for the day are made when market participants are most active. This sets up valuable research on relative volume, intraday trends, and probability of trend days. Would be interesting to see how these stats look for individual stocks, particularly ones with lower institutional participation.
* Following the observation of Mike Bellafiore, it’s so, so, so important to experiment, experiment, experiment when learning trading and see what makes sense, what grabs your interest, and especially what you do well. Too often, traders are so eager (and needy) to make money that they cut their learning processes short and never develop their strengths.
* I like Crede Sheehy-Kelly’s advice to practice each day being the person you want to become. Per Ayn Rand, those who fight for tomorrow live in it today.
Have a great week!
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