Yes, you are right, the key to minimzing the psychological grind is to tune out at much of the randomness as you can. Focussing on the signal as opposed to the noise is easier said than done though. It is not easy to become the robot that you rightly say you have to be to succeed with consistency in this game. Then again, nothing truly worth acheiving is easy!


I think what you say about people expecting more randomness than the mkt actually exibits is very interesting. This certainly explains panic behaviour around price spikes.


I am wondering if the insight still holds up if you substitute the word "volatility" for randomness.