A couple thoughts - RVOL/ATR and Reversibility

 I feel so good! I got like 5 hours of sleep last night - 3 of which where in a row! So I felt good enough to trade. There wasn't anything that I wanted to trade off of pre-market action (that I didn't have recent washing in) so I was open to not trading at all again today because well...I'm still sick. But the opportunity presented itself and I made some money. Anyway, I'm just going to write about what was talked about in the meeting today. I'll start with the topic of ATR and RVOL. I don't have a set rule myself but you when you have high rvol you can expect ATR to be higher than normal. so say something has 3 rvol, then you might expect 1.5-1.75 ATR. Rvol is relative volume - so it's todays volume compared to the past x amount of days volume prior. and ATR is Average True Range - so it's the Range of the stock price high to low on average for the past x days (usually 14ish). So the idea is that with more volume the price may move more than normal. The opposite also holds true. The other thing we talked about is not being stuck on an idea, focusing on process, and having reversibility or mental flexibility.  A good point was made about what separates high level professional athletes and good athletes. The point is that the high level pro athlete and good athletes may have the same skill base but that the high level athlete will be able to execute automatically or instantaneously when an opportunity arises. Basically it is the recognition and execution rate that separates the pro from the amateur. That's what I've got for today. I think I might even get outside today even though it's raining. Cheers!