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Categories Stockbee

7 days 30 days All time Recent Popular
stockbee
stockbee
@PradeepBonde
Many new traders approach me asking how can they become profitable quickly, the key is to develop setup specific procedural memory.

To become a highly profitable active trader understand procedural memory. It is a memory about how to perform a process like swing trading . It is implicit memory and once developed is permanent.

Procedural memory is stored in brain as one schema. So a process involving say 20 steps like entry , exit , stops and so on is not stored as discrete unit but part of one process.

Procedural memory kicks in involuntarily when it senses need for it. If you are driving a car and car way ahead of it slows, you automatically respond. Same thing happens in active trading.

As a trader you need to develop a setup specific procedural memory. If you are trading momentum burst setup you need to develop procedural memory specific to that setup. That memory is very specific
to that task.
STOCKBEE
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