WOW !! Right now, all I can think of to say is WOW!!
It befuddles me how so-called experienced traders, when forced to take off their "trading hat" and address some basic, real life issues, seem to very quickly and frequently, fall straight back into specific mindsets and views of everything. As if that is going to protect them.
I know that most people around here don't "like" what I say. The funny things about all this, is it's not a popularity contest or "I like you, let's be BFF's forever!". To me, it's as if they have fallen head first into a deep water well and have no way of climbing out. No foot holds, no ladder and no safety rope. They've just accepted their position and can do no more and be nothing more.
With many changes happening in the world now, so many people trying to find security and comfort in what they think they know.
Gone are the days where real true blue common sense would lead the charge in decision making, whereas now, today, "if the technicals say X and the 'other' technicals' say Z, then it must be so".
I've just finished watching a couple of videos from someone who's talking about trading "stuff" and WOW !!!
I've said it before and I'll say it again ......... sites like these do not harbor or present real traders. No matter how convincing they are.
Any tom dick or harry can yack on about the 'technicals' or the 'latest figures' etc, because that is what you've been TAUGHT to do.
"That's how Person X does it so that MUST be how it's done."
Bells-n-whistles.
It REALLY is fascinating just how gullible people really are. Especially the 'I know how to trade" people. Usually the ones who think they're at the top of their game.
Pssssssst ...... here's a little secret ......... 'retail' ANYTHING is a belief system ... nothing more and nothing less. So people who believe SO little of themselves, leave themself open to becoming a would-be trader who gets shuffled and corralled and shepherded.
FUN FACT - The Old Ways are still in play and in action today ..... even with all this silly high tech stuff. People are still just as gullible, cynical and counter-persuasive as they've ever been. Even more so re: "trading".
Here'a a quick fact of Life I want to share here ..... The more (eg.) practical and pragmatic a person becomes, the larger their blind spots.
Why? Anything in too much succession and without proper moderation, is harmful.
It's quite ironic really ........ the very thing that people OBSESS over everyday, when trying to "make money" with "trading", is the very thing they have little to no control over..........
Electrical interactivity. Hehehehehe ....... that's RIGHT !!!!
So all the posturing and convincing arguments in the world cannot deform or hide that simple little fact of all things "modern".
Still today, IF I WANT TO, I can call up a broker I use and place my orders in. Isn't that funny !!!!! I think it's funny. Why? Because people assume it cannot be done and say things like "daaaaaaah ..... doesn't work that way bro".
WOW !!!!
SO I ask YOU ...... WHO are you listening to?
In response to one of this person's video posts, I raised specific issues that present everyday, describing the basics in enough measurable detail that anyone reading it would determine the obvious merit and usefulness. What's fascinating about people, is they don't like being told the truth. The basic, observable, learnable truth.
Eg. - "How to protect against a Black Swan event?" was one of the considerations.
Here's how a retail trader thinks ----> Measure this and that, calculate the X then the Y and finally the Z. And then stick your head between your legs and kiss you ass for good luck....... after crossing all your fingers, toes and even your ass cheeks. Sound familiar? Using THIS approach you KNOW, deeeeeep down you are gambling you just don't have the backbone to admit it and to make it worse, you believe you can control what has NEVER been IN your control.
NOW .....
Here's what a real trader does, in light of SPECIFIC real world understanding ......
We have, beforehand, already designed and pre-arranged a 'scenario tool'. that deals only with 4x and 5x circumstances. What is that? "Retail Traders" alike rely on 'normal/usual market conditions' as their compass because, mmmm well, being honest here, the way they operate and track what they trade, they truthfully have NO CHOICE than to be at the mercy of the market and its 'mood swings' or delights. Hence all the talk talk talk about everything superficial "about trading" ( WOW !! SOOOOOO much talking!!).
In simple language for all you cage fight lovin' tech "saavvy" people - we want it to happen. We are ready for it and watch for it and want it to happen. Why? Firstly, 10:1, 20:1, 30 or even 40: 1 returns ..... for doing WHAT?! Watching waiting and being prepared. Being organized. Seeing where outsiders demonstrate concern or support. Looking at eg. stockpiles and Indebted inflation and most importantly - using common sense. It's not rocket science. It's real life.
If you KNOW big things happen, and you know there's ALWAYS a lead up, do you run and hide like little johnny, or do you do what you were there to do?
From day one of landing on this site, I've said it.... It's THEIR game not yours so STOP PLAYING it and learn something.
Another example - Options with Index models.
Time allowances and preparatory pricing that usually points to HOW and WHEN then look at the "motto" of the index for the WHY. Is the index itself over budget'? Indices have budgets. "How long can constituent X continue to underperform? .... And what is the parcel of the constituent?" Parcel = What good does it bring to the party? How is it doing in its own sector? How is it managing its debt? ... and is that working? If you don't know why an index IS an index then either learn or step aside OK. The rest is in the conditions of the contract and the spacing of expirations. Pretty simple stuff. Oh and you have to know up from down. Hehehe..... gotta hit that BUY or SELL button.
You want respect ..... earn it.
People ...... the information is out there. But most "prefer" to watch mindless crap and then still expect respect for choosing to be a dumbass.
I can only speak for myself here -- I can tread water for a while when I have to, but, I cannot tread water indefinitely. So there is a limit to how much BS my ego can come up with before reality hits me in the head. So at some point you have to get serious and get real.
So what does that say about a person and people? What does that say about their intelligence, their knowledge and know-how?
Some might think I'm on some ego trip. If that's your thinking I suggest you go back to watching TV and let the adults continue talking.
Apathy without consequence does not exist. And over-active confidence doesn't either.
What's fascinating to me anyway, is, most people are not aware (or merely don't bother thinking about) that with the push of a single button, their accounts would empty, their lights would go out and the cell phones would inevitably lose battery power and shutdown. No I'm not talking a nuclear bomb.
Q - How do you think "trading" was done back in the 1900's ? Or doesn't your memory stretch back that far? Or perhaps you're a newborn and came into this world post year 2000?
Consider this for a minute or so. If your brain goes straight to the "technology and communication department" of thinking, searching for the answer, then you have missed the point of this exercise AND, you have now proven you do NOT understand trading.
Try again please.
If you're an information junkie, then you'll never understand it and inevitably, you will 'lose'. Why? Because you definition of 'losing' is not the only definition that matters.
Come close. Good. Come closer again. Good. Now take one step closer. Good. "Now I've got you right where I want you."
Burn this quote into your brain and begin to try to see that trading is an activity, no matter how serious or successful you are or pretend to be.
Once you start picking and deselecting what is relevant and important, you've just created your own blind spot. And like a cancer, it only gets worse from there.
Learn or don't learn.
Happy trading and learning.
Peter
It befuddles me how so-called experienced traders, when forced to take off their "trading hat" and address some basic, real life issues, seem to very quickly and frequently, fall straight back into specific mindsets and views of everything. As if that is going to protect them.
I know that most people around here don't "like" what I say. The funny things about all this, is it's not a popularity contest or "I like you, let's be BFF's forever!". To me, it's as if they have fallen head first into a deep water well and have no way of climbing out. No foot holds, no ladder and no safety rope. They've just accepted their position and can do no more and be nothing more.
With many changes happening in the world now, so many people trying to find security and comfort in what they think they know.
Gone are the days where real true blue common sense would lead the charge in decision making, whereas now, today, "if the technicals say X and the 'other' technicals' say Z, then it must be so".
I've just finished watching a couple of videos from someone who's talking about trading "stuff" and WOW !!!
I've said it before and I'll say it again ......... sites like these do not harbor or present real traders. No matter how convincing they are.
Any tom dick or harry can yack on about the 'technicals' or the 'latest figures' etc, because that is what you've been TAUGHT to do.
"That's how Person X does it so that MUST be how it's done."
Bells-n-whistles.
It REALLY is fascinating just how gullible people really are. Especially the 'I know how to trade" people. Usually the ones who think they're at the top of their game.
Pssssssst ...... here's a little secret ......... 'retail' ANYTHING is a belief system ... nothing more and nothing less. So people who believe SO little of themselves, leave themself open to becoming a would-be trader who gets shuffled and corralled and shepherded.
FUN FACT - The Old Ways are still in play and in action today ..... even with all this silly high tech stuff. People are still just as gullible, cynical and counter-persuasive as they've ever been. Even more so re: "trading".
Here'a a quick fact of Life I want to share here ..... The more (eg.) practical and pragmatic a person becomes, the larger their blind spots.
Why? Anything in too much succession and without proper moderation, is harmful.
It's quite ironic really ........ the very thing that people OBSESS over everyday, when trying to "make money" with "trading", is the very thing they have little to no control over..........
Electrical interactivity. Hehehehehe ....... that's RIGHT !!!!
So all the posturing and convincing arguments in the world cannot deform or hide that simple little fact of all things "modern".
Still today, IF I WANT TO, I can call up a broker I use and place my orders in. Isn't that funny !!!!! I think it's funny. Why? Because people assume it cannot be done and say things like "daaaaaaah ..... doesn't work that way bro".
WOW !!!!
SO I ask YOU ...... WHO are you listening to?
In response to one of this person's video posts, I raised specific issues that present everyday, describing the basics in enough measurable detail that anyone reading it would determine the obvious merit and usefulness. What's fascinating about people, is they don't like being told the truth. The basic, observable, learnable truth.
Eg. - "How to protect against a Black Swan event?" was one of the considerations.
Here's how a retail trader thinks ----> Measure this and that, calculate the X then the Y and finally the Z. And then stick your head between your legs and kiss you ass for good luck....... after crossing all your fingers, toes and even your ass cheeks. Sound familiar? Using THIS approach you KNOW, deeeeeep down you are gambling you just don't have the backbone to admit it and to make it worse, you believe you can control what has NEVER been IN your control.
NOW .....
Here's what a real trader does, in light of SPECIFIC real world understanding ......
We have, beforehand, already designed and pre-arranged a 'scenario tool'. that deals only with 4x and 5x circumstances. What is that? "Retail Traders" alike rely on 'normal/usual market conditions' as their compass because, mmmm well, being honest here, the way they operate and track what they trade, they truthfully have NO CHOICE than to be at the mercy of the market and its 'mood swings' or delights. Hence all the talk talk talk about everything superficial "about trading" ( WOW !! SOOOOOO much talking!!).
In simple language for all you cage fight lovin' tech "saavvy" people - we want it to happen. We are ready for it and watch for it and want it to happen. Why? Firstly, 10:1, 20:1, 30 or even 40: 1 returns ..... for doing WHAT?! Watching waiting and being prepared. Being organized. Seeing where outsiders demonstrate concern or support. Looking at eg. stockpiles and Indebted inflation and most importantly - using common sense. It's not rocket science. It's real life.
If you KNOW big things happen, and you know there's ALWAYS a lead up, do you run and hide like little johnny, or do you do what you were there to do?
From day one of landing on this site, I've said it.... It's THEIR game not yours so STOP PLAYING it and learn something.
Another example - Options with Index models.
Time allowances and preparatory pricing that usually points to HOW and WHEN then look at the "motto" of the index for the WHY. Is the index itself over budget'? Indices have budgets. "How long can constituent X continue to underperform? .... And what is the parcel of the constituent?" Parcel = What good does it bring to the party? How is it doing in its own sector? How is it managing its debt? ... and is that working? If you don't know why an index IS an index then either learn or step aside OK. The rest is in the conditions of the contract and the spacing of expirations. Pretty simple stuff. Oh and you have to know up from down. Hehehe..... gotta hit that BUY or SELL button.
You want respect ..... earn it.
People ...... the information is out there. But most "prefer" to watch mindless crap and then still expect respect for choosing to be a dumbass.
I can only speak for myself here -- I can tread water for a while when I have to, but, I cannot tread water indefinitely. So there is a limit to how much BS my ego can come up with before reality hits me in the head. So at some point you have to get serious and get real.
So what does that say about a person and people? What does that say about their intelligence, their knowledge and know-how?
Some might think I'm on some ego trip. If that's your thinking I suggest you go back to watching TV and let the adults continue talking.
Apathy without consequence does not exist. And over-active confidence doesn't either.
What's fascinating to me anyway, is, most people are not aware (or merely don't bother thinking about) that with the push of a single button, their accounts would empty, their lights would go out and the cell phones would inevitably lose battery power and shutdown. No I'm not talking a nuclear bomb.
Q - How do you think "trading" was done back in the 1900's ? Or doesn't your memory stretch back that far? Or perhaps you're a newborn and came into this world post year 2000?
Consider this for a minute or so. If your brain goes straight to the "technology and communication department" of thinking, searching for the answer, then you have missed the point of this exercise AND, you have now proven you do NOT understand trading.
Try again please.
If you're an information junkie, then you'll never understand it and inevitably, you will 'lose'. Why? Because you definition of 'losing' is not the only definition that matters.
Come close. Good. Come closer again. Good. Now take one step closer. Good. "Now I've got you right where I want you."
Burn this quote into your brain and begin to try to see that trading is an activity, no matter how serious or successful you are or pretend to be.
Once you start picking and deselecting what is relevant and important, you've just created your own blind spot. And like a cancer, it only gets worse from there.
Learn or don't learn.
Happy trading and learning.
Peter
Real Trading is not gambling.
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