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Creativity in Trading
"Is it important to be creative in your trading?" I'm not sure I can describe it in terms of importance. The creative process is somewhat of a mystery, even to scientists who study it. There are a few common characteristics that all creative persons possess (such as an openness to a variety of internal and external experiences and a driving need to express one's sense of individualism), but for the most part, exactly how the creative mind makes earthshaking discoveries is unknown. A few prerequisites are necessary, though. The mind must be focused, for example. New ideas must flow through the mind freely, and there must be a wide range of ideas, so that they can be combined and re-combined in new ways. New and creative trading ideas are necessary to stay ahead of the crowd, so doing whatever you can to prepare your mind to brainstorm new ideas will help you develop creative trading strategies that are the foundation of profitable trading. Many great scientific discoveries were made almost by accident, through a serendipitous observation. Had an untrained eye made the observation, it would have been missed. But because the scientist's mind was continuously running through a wealth of ideas, he or she saw a new discovery in a seemingly ordinary event. Discovering new trading ideas is also a creative, intellectual endeavor. You must get your creative juices flowing in order to see the next new idea. It's essential that you "prime" your thinking processes, get your mind ready to make a creative observation. In some ways, your mind is like a well. You prime a well to get the water flowing, and once it's started, it flows continuously. You must similarly prime your mind to get ideas flowing. Various ideas in your mind are stored in a hierarchical structure. Information is stored together in a clump, depending on its meaning. When you aren't thinking of a particular topic, it's hard to bring information about that topic into consciousness; it lies their stagnant and hidden. However, when you make a concerted effort to think carefully about a specific topic, or a closely related topic, and start running through a bunch of possibilities, all kinds of new possibilities become apparent. Your mind quickly scans various concepts and ideas, almost unconsciously. Suddenly this wealth of information combines and you see something new. For example, suppose you develop a vague trading idea about how a set of indicators may forecast the price of a particular stock. Once you get the basic idea in your mind, you can prime your mind to get the creative juices flowing. For example, you can scan a set of charts to back test and find support for your hypothesis. As you look through the charts, the information you see will prime other related information. Soon idea after idea will coalesce, and you'll make a new discovery that will serve as a basis for a new trading strategy. The main point is that you must set your thinking processes in motion to come up with a creative new idea. Some traders even suggest putting on a small trade based on a hunch in order to set your creative processes in motion. When you put on a trade, your adrenalin starts to rush, your attention starts to focus, your senses are heightened, and you suddenly change your perspective until you see new ideas. The more your mind is active, the more likely you'll make creative new discoveries. Knowing about the creative process and how to set it in motion gives you power. Some people are down on themselves because they can't seem to think creatively. But they can. They just need to know how to do it. It's vital to be relaxed and free of anxiety. But it's also essential to prime your mind in order to start the process. So when it's time to think of a new trading idea, think creatively. Set your creative processes in motion. You may come up with a big idea that will make you huge profits. Joe Ross Joe Ross, trader, author, trading educator is one of the most eclectic traders in the business. His 47+ years include position trading of shares, and futures. He day trades stock indices, currencies, and forex. He trades futures spreads and options on futures, and has written books about it all - 12 to be exact. Joe is the discoverer of The Law of Charts?, and is famous for the Ross hook? and the Traders Trick Entry?. Trading Educators, Inc. The Team at Trading Educators is composed of an international blend of experienced traders, all educated and proficient in the Joe Ross methods. Our professional staff trades regularly in the markets. Since its foundation Joe Ross and the Team at Trading Educators have taught thousands of satisfied customers who use Joe's concepts to produce significant profits in today's markets.
Latest News:Site: Yahoo! News Search Results for news ABC News president David Westin stepping down ABC News President David Westin says he's stepping down at the end of the year after more than 13 years on the job. News Ltd buys Getprice NEWS Ltd is preparing itself for the online retailing explosion with the acquisition of comparison shopping site, Getprice.com.au. Alabama news links: Judge gives man 187 years in prison on child porn convictions News from around Alabama. News Near You for Sept. 6 This daily column features short news items from some of the 20 localities that make up the greater Richmond area. If you have a news item, call 649-6990 or e-mail us at news@times dispatch.com NEWS NEAR YOU PowhatanB-24 bomber pilot Neely Young will speak at the World War II Round ... News Briefs Good news for working mothers. Minister of Education, Gideon Saar, announced Monday his decision to extend tuition subsidies for children aged 3-4 in public nurseries. BREAKING NEWS - Child struck by car, car doesn't stop TUCSON - News 4 has confirmed that a child was hit by a vehicle in the area of Drexel and Mission. Officers on scene say the vehicle did not stop. They are actively searching for the driver. ABC News president David Westin says he's quitting at end of year, after more than 13 years NEW YORK - ABC News President David Westin says he's stepping down at the end of the year after more than 13 years on the job. Westin said in a memo to his staff on Monday that he told his bosses a month ago that he was ready to leave. ABC News chief tells top staff he will resign The longtime president of ABC News, David Westin, Monday revealed to a number of his staff that he will resign Tuesday, The New York Times reported. An insider told the Times that Westin had been in a long-running dispute with the management of the network, including ABC?s parent company... Northwest News: John Canzano blames lousy city leadership for baseball's demise in Portland; Say so long to the ... Northwest News is a daily roundup of what's making headlines in the Pacific Northwest. News by location Get local and national news updates via E-mail. LUMBERTON - The Robeson County Board of Commissioners is expected to approve a resolution Tuesday formally adopting a quarter-cent sales tax increase. Site: news - Google News AP Top News at 7:45 pm EDT - The Associated Press
MORE RESOURCES: Site: Yahoo! News Search Results for currency trading FXPro Share Sale May Value Currency Trader at $309 Million, Times Reports FXPro , a currency trading company, is expected to announce its plan to list on a London stock market tomorrow, which may raise 60 million pounds ($93 million) for its owners, the Sunday Times reported, without saying where it got the information. Euro currency at 3-week high The euro currency rose to 1.2918 to the U.S. dollar, its highest since August 12, helped by Asian central banks (excluding Japan) converted U.S. dollars into euros. Dollar Mixed in Light Holiday Trading The dollar is mixed against major currency rivals in quiet holiday trading and has given up much of its Friday gains against the yen. Currency trading jumps 20 per cent Global currency trading has soared by more than a fifth over the past three years to $4 trillion a day. This was largely driven by a 48 per cent jump in turnover of spot transactions which rose to $1.5 trillion in April 2010, from $1 trillion in 2007. FxPro plans move to stock market debut A CURRENCY trading firm and sponsor of football clubs Fulham and Aston Villa yesterday confirmed plans for a stock market debut less than three years after launch. Strong currency hurts gold futures trade Gold-futures trading in the past three months dropped 10 per cent from the preceding three months because of the baht's appreciation, which pressured domestic gold prices, a brokerage said yesterday. Forex Strategy Outlook: Breakout Strategies Favored on Indecisive Currency Price Action A drop in forex market volatility expectations suggests that currency moves may slow in the week ahead, limiting optimism on volatility-friendly Breakout and Momentum strategies. Yet a continued slide in the safe-haven US Dollar shows few signs of slowing amidst a major improvement in financial market risk sentiment. Japan, China, Singapore, Thailand, Taiwan: Asian Bonds, Currency Preview The following events and economic reports may influence trading in Asia?s local bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise. Consumer boost as global currency movements cause energy prices to fall CONSUMERS will be pleased that global currency movements continue to push down energy prices, according to the latest Bord Gáis energy index. Swiss Franc Declines To 4-day Low Versus Yen (RTTNews) - After trading higher in Asian session, the Swiss currency edged down against the Japanese yen in early European deals on Monday. At present, the franc is trading near a 4-day low of 82.80 versus the yen from early high of 83.25. Site: currency trading - Google News The Currency Trading Market - DailyForex
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