Left this comment for Sean McLaughlin, but I thought I’d share it here as well (emphasis, mine):
Sean, this is great. Thanks for sharing. As someone who focuses on long term/bigger picture timeframes as opposed to intraday, what your post talks about is the importance of keeping your risk/return objectives and timeframe in sync.
I’ll tell you for me, the noise I strive to filter out is the daily/intraday moves a lot of traders are looking to in order to make money. But the big picture moves I use to strategically build/unwind positions are the things intraday guys filter out. So we’re running around each other trying to block out what the other group is doing.
It can drive you mad, but it’s worth it if you do it right.
And sometimes I should listen more to my own advice…