41. Process Loop
[1. Setup Mastery] - [1.7 Process Loop]
In order to achieve the result of all things what you need is simple thing but most important thing and this is why people fail in this business is because of the process. Process is important and non of the things are important. If you don’t have a process none of the things translates to money.
You have to have a process to run a combo bullish/bearish scanner. When do you run? From start till end of the market. And EP 9M starts at night NTRT MTRT after that runs the scan from 9:30 to 4 PM.
Combo bearish runs it at 3 PM 3:30 PM because this is not a priority. Anticipation runs at 3 PM top 3:58 PM. And if you want to create a watchlist for consolidation breakout do it at night which is an elbow greasing.
If you get these process loops in place and if you have all the scans and if you have a good understanding of setup and then are you going to find the same stocks as I found or find? Answer is yes. So the process loop is the most important part once you have the setup.
If you think that setups make sense and these things work and if you replicate the process and perfect the process then you will get the same result, Same stock and do it independently. That is why methods or processes trump markets.
You can do a lot of work in markets and fed meetings and all but is those things under our control? Answer is no. What is under our control is our process that is under control.
Once the process is under control then look for situational awareness. Same process but we might not have to take the trade because we know markets are not favorable for breakouts to work. This situation runs the process loop but doesn't take the trade. And if you are highly bullish then take big size trades, Do 80/20 and go on margin.
Process is the most important thing, If you have process, If you have tools, If you have scans and you know what to look for then it just boils down to just adjusting your process loop as per situational awareness. And if process loops are married to ideas that have structural tendency.
We have a structural setup (Momentum burst) + Process loop (Organize like crazy) + SA, Then the come of this is MONEY.
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