Objective Thinking And Trading

When you assume the group is "right", that's your first error. When you react and so then assume, after reading that first sentence, the interpretation of this is to become contrarian, then this is your next error. This site is full to the brim with poor thinking and pretty charts. People don't like being told how it is, which of course is precisely WHY one does it. It's important to know the difference between virtual reality and real reality. Something I sense is missing in people.

There's no need for long speeches here. It really only takes but a few minutes of conversation to get a sense of something or someone.

I like people but I don't trust their immaturity because this then leads to ignorance coupled with fear of the unknown. It still makes me laugh to see "grown adults" get online onto a "web....site" and behave like scorned little teenagers or worse. Armed with a chip on their shoulder, or personal problems that clearly far outweigh their maturity. People trying to manipulate me to get information out of me. Yes yes, I might give you something 'for naught', but you're STILL going to have to "make it work".

Or people who "are lonely" who think social media AND TRADING are a good mix to cure their aching heart. WOOOW!!!

Whatever will they think of next? A.I. to tell you when you're feeling "sad"? Hihihihihihihi

If you squander the faculties and tools you were born with, so you can "social-ize (eyes)" then you realistically deserve everything that comes to you. Chosen stupidity, one sided views and selfish declarations always come with a price. Have fun.

Happy trading and learning.


Peter

If you want to trade, you need to have natural foresight. If you do not, your only other option is 'forced' insight eg. an indicator, EA, news report etc etc. Whether you care to agree or not, people have changed quite a bit in some ways in the last say, 50yrs. But most people are too "busy" with their life to notice. But in trading, I'm talking about the serious person here, it's not good ignoring those things that persist in creating havoc in your work. I have tried to show people that trading is, definitely, in some ways, a thinking game. I know many joke about this, but really, you'd have to be a frickin idiot to think that "things don't change". OF COURSE they do - why do you think people have slowly become more stale in their thinking and living...... because something in them has changed. So whether you live in the city or countryside, you have changed.

One major issue with people's thinking is .... they think in terms of micro years. The young people of today probably have very little awareness of real issues unless society blasts it out into the world or online. When I was growing up people actually talked to each other about real things. Not like today where "icebreaker" style conversation is the "norm". What is the icebreaker style? It's the "cute little chit chat" people use to converse. Initially it was meant to 'break the ice' when two people begin a conversation where they don't know each other. Eg. at a party or social gathering like this. Today it's your "PC" rubbish and your "we don't talk about that" stuff and all the "social media" stuff. People don't talk about the real things that matter anymore. Instead they talk about the latest 'burning leaf issue' that floated by their face, without any consideration towards its connections and what it does to their thinking.

So ....... you can start to see why I am not convinced that "most people" on these sites are real people who trade or invest their time and money into doing something with financial markets. Life requires a thing called FORESIGHT. This used to be something your parents would teach you as a child while you grew up. So what happened? Did parents get really lazy, or stupid, or did something get lost in translation in people's lives?

Pssssss........ If you ask me ..... honestly, I think it's a little of all 3.

People seem to have this "belief" that trading starts and ends on a "chart". Uuuuuum ...... that's an impossibility.

Foresight.

You have it even if you don't know it or don't use it a lot. But I'm sorry to say that these sites do not teach foresight. This is something that you have to deal with yourself. Dumb speculators expect instead of prepare. Silly gamblers don't use foresight to offset the risks of loss and ignorance.

Foresight helps you to prepare for the future. Not predict ... prepare. But you can't do that if you're too busy believing some bullshit about yourself or trading or anything else.

How to amend this in yourself?

Simple. Tell the truth to yourself. And then set in motion a plan.





Here is a plan that you can begin with. Remember, a trader is only as good as their FUTURE plans and trades. Anyone who tells you different is either trying to sell you something or has no idea about it at all. So you will know to stay clear of them.

Happy learning and trading

Peter

People these days seem to love taking credit for society's achievements. The internet, the smartphone, online shopping, even trading. But when does people's jelly covered eyes become a problem?

One of the main functions of having a brain is to use it.

A real issue these days is people spending their time either shopping, watching entertainment or worse, sitting and doing nothing but playing on a handheld toy phone. It's not surprising then, that "the people" love to send OTHER PEOPLE off to fight their battles and wars, while they stay home and get fat and lazy and fill their pockets with their "wants".

This is where real life foresight comes into focus. It's no surprise that people think because they have the internet and online shopping and entertainment, this makes them "evolved" and "civilized". Unfortunately for people, real life foresight has a different story to tell.

Below is just one such example ........


https://www.youtube.com/watch?v=wWNqL3vN_pc


Now here's where the problems begin. People will want to share their "opinion" about this and never stop to consider, what TYPE of common sense do they use and access everyday to gather their information and ideas ..... TO THEN arrive at that opinion or conclusion.

What is presented here is just a taste of what a MACHINE can do. However what humans do WITH this machine and all the information is what challenges a person's handle on reality. Maybe they've watched too many films, maybe they're somewhat emotionally unstable and start "believing" that the machines are coming for them. Or, maybe, the person possesses little to no foresight at all, to venture into the potential futures available to see what can come from underdeveloped humans playing with something like this for private gain. But are they playing? I bet A LOT of money went into developing the platform for their AI approach. The problem with "the general population", is, they're so far behind the curve that any malicious use of this approach creates a real problem for those people wanting to just go along to get along.

In trading it's the same thing.

I've said many times that trading reflects real life and everything that goes on. Unfortunately people still insist on "believing" that all they need is a chart and some money. To me, most of what people put themselves through re: trading etc, is more akin to a roller coaster ride on Halloween. They spend too much time with useless conversations and not enough time doing hardcore study, research and delivering to themself a well thought out approach. For me, "approach" here has nothing to do with "the strategy", it has everything to do with you and YOUR approach TO learning about and from trading. People want the juicy flesh but not the orange skin that comes before.

Foresight is a real "thing". If you do not use it in trading, as in real life, then you need to see that the animal kingdom has one up on you. If you do not use your foresight, then you are automatically assuming you will be here tomorrow..... because YOU deem it to be so. Think about that. Animals use their natural instincts AS their foresight, so they can stay alive. But humans are so delusional to believe they'll live forever, that they actually believe 1) They're at the top of the food chain 2) They are the smartest in the food chain.

Both are assumptions and both try to hide the simple fact that the other one is neither true OR accurate.

So why would it be and COULD it be, any different in trading?

After all, it's just an activity. Out of a million activities.

If you go and look at recent human history of say, 500yrs, you'll quickly see patterns of different things.

Real wisdom does not come from reading a meme or website info or listening to an opinion or fact. It comes from learning about Life. If you can spend hours on silly websites then you've got time to do something more productive. If not for you then someone else.

The factory wants you to 'be as you are' when entering trading. Ever asked why? And why are people so insistent on staying the same, even when the real world shows you that things are changing? Doesn't sound too smart to me. Sounds more like the assumption that you're "already smart enough". However real interactions show other insights.

People use their time poorly and usually this is why they end up on and remain stuck, on these sites and glued to your "opinion" of real life.

What I am talking about is backed up by real life.

Trading is the same in every way.


Happy trading and learning.

Peter

It appears telling the truth gets you booted from a thread here.

The thread in question -

"Fun Factory - Interactive For day traders"

And here's what I wrote verbatim .....

I'm sorry Pat but all this talk about this fed stuff etc is merely data packaging. It has NOTHING to do with money and the flow of money and the financial markets. It's great for people addicted to data. Nothing more. I cannot believe real people are so thick to believe this stuff is real and to keep praising its use. I'm not trolling here I'm serious. All this bullshit about the Fed and the central banks, do people not know anything about how their world works?!

Check this out as an example ....

https://events.centralbanking.com/meetings

.... AND READ IT AND GO THROUGH THE SITE. Jeez. And people wonder why they don't do as well re: their trading. Clearly you people have no idea how the world works. It's Friday afternoon etc, try using your weekend to learn something. Your trading will improve once you understand money ... NOT DATA. OF COURSE everyone has an opinion, they're free and everyone wants to debate bullshit over crap laid on top of bullshit. Check out the real world people.

The real world only cares about three things - Physical profit levels ..... that's 1. Core and Production Levels .... that's 2. And Round table commitments. The last one is essential for Debt protection (YES protections) and Management of systemic productions. IF you don't know what these are then WHY are you trading?

It's unfathomable that people put their own money into an account then come here and read data and then think it has anything to do with money and the real world. Ever heard of the BIS? Ever heard of Continental Finance? No probably not. The "FED" is not worried about most things you people think is important. Why? They are collaborative chess players. Money is a "talking point" for them. It is NOT the most important thing to them. Please do some research. You would already understand this if you understood debt.

Sorry Pat but you're way off base. I've lived in the real world my whole life and been in rooms with many people and so I know they don't care about "all this stuff" you post as necessary viewing. They know the markets are either - Collateral or Debt. Pure and simple. People who still "believe" that liquidity comes from the "liquidity provider" are simply not looking at what is there. There are echelons beyond and LP's answer to these types of entities.

Here'a an example -

If Joe has a job and a mortgage and then decides to place $1000 USD into a live trading account, is Joe A) Solvent or B) Not Solvent but something else ??

If Joe still has 5yrs of monthly repayments to go on his contract for the house he lives in etc, then he is in category B. Why? Solvent does not automatically mean you are flush with money. Both A and B break down into further categories and so Joe quickly finds out that his trading capital is in fact a debt. Why? $1000 cannot be used as collateral for something greater than its purchase and base leverage power ie. the mortgage rate. So even if Joe "earns" net profits from his trades, essentially he doesn't "own" that money. Something I've been trying to explain to people since I arrived here.

So anything that relates to economic news events or speeches has nothing to do with the real connections of these things people are talking about. Markets are connectors to real things. Trading "micro-points" off a chart is only good for speculation and a poor imitation at that.

Sorry to burst people's bubbles. Welcome to the real world.


Peter

And to add here, I have been ignored by "Pat Chiko". It's fascinating to see what happens when you speak truthfully around others who have no integrity or ethics.

If you people are silly enough to not see what is all around you, well, SOMEBODY'S gonna have some fun with you.

Good day.


Peter

PS - You've gotta be frickin' kidding me right ?!!!!! Hihihihihehehehehehe WOOOOW !

Silly people believe a forum website. Better people grow up and do their full research.

I laugh out loud when people think I speak only from opinion. It's not arrogance. Opinions are for when you stand in the ice cream isle at the supermarket and you cannot decide between chocolate and vanilla. Not for Real Life.

SO you can choose, be a deadshit like so many people on these sites, or begin to think and learn and grow up.

Set better personal standards and see what happens.


Peter

Just a very quick note here .....

I'm not here to be your "friend" or "mate" etc.

I'm here to stir the pot. To smack you in the side of your head and tell you to wake up to yourself and to stop believing everything that's put in front of you. In particular on these sites. Why? Because IF I was a corporate / financial predator with these sites being as they are, it would be akin to fishing using a barrel. Understand yet? I wouldn't even need bait. The whole site is the bait. You cannot learn when you have fake all around you. Dickheads who are too lazy to learn and choose to take advantage of others. Wankers who have "lived here" for long enough to show what they are.

The easiest test here is this - I ask myself if I would trust anyone here with my money? Because when you take advice or input from no name persona online THAT is exactly what you're doing. Without independent research and on the onus of someone you don't know. WOOW !! That won't end badly at all !!

I find it interesting to watch people "talk about" wanting to learn, but when it comes to it, they run away like scared girls. And that's the bait. "If you're time poor or too lazy then HERE is a whole site 'to help you' today because we care about you". Hihihihihihhii. OOOOk. If you say so.

I always thought ..... "to learn something one needs to stretch to the next level not wither and cry and then be given the answers."

Yeah people of today hah. What a time to be alive. If the young and old don't wake up to themselves, they're screwed six ways from Sunday.


Peter

Gold Now ....

If you were shorting Gold for the rollover I think you're a smidge early Hihihihihihhiii. Yeah website traders right !!!! WOOW !!





Yeah I can see why people are attracted to 'social trading". Looks great until you gotta actually DO IT !! Hehehehe

Yes you people really know your stuff. I think you call that a plum duck right?! Hehehehehe. Oh dear.

I'm telling you it's not arrogance, it's just good ol' common sense.


Peter

Since many people do not like been told the truth or hearing the truth, it's time I let you learn something about how others view it ....

https://www.imgacademy.com/news/what-separates-good-athletes-great

Of course this isn't ONLY for people who want to 'go pro', people all over can learn something about having the humility to learn.

It's a pity you all get to hide behind a website. Learning is a wonderful experience.

Enjoy.

Peter

Beware of Saturation Points

One of the biggest mistakes a real to life person can make in trading or investing, is ignoring the saturation points.

What is this?

On a chart it's when you see it "go sideways" then it moves out of that movement. Another example is when the public is settled in their ways of trading or their use of their tools or views on things and then something in the world changes and people are not ready for it.

A saturation point can be both a natural occurrence and a made one. People were caught out when 2007 rolled around and then WHAM!! ... we have a huge global financial mess to deal with. It's the same in trading. Some people still have yet to learn that markets don't have to do what you want them to do...... or expect them to.

Market mechanics or cycles or whatever you call them, DO NOT have to continue as expected or anticipated. They won't ask for your permission and they don't always leave a lot of clues as to what's happening or coming, BUT, they always leave something.

Saturations occur when there's enough focus on the object to satisfy the / a need. Stop and really consider this for a moment. And think about what this means.

Assumption + saturation = ?????

Something to consider.


Happy trading and learning

Peter

Another ridiculous comment by some fool re: asking questions...

Maybe I need to say it again ....

I always thought ..... "to learn something one needs to stretch to the next level not wither and cry and then be given the answers."

A fool on the fun factory thread asked me a question and I gave an appropriate response to that question. The problem with you people these days is, you just don't want to do the work. The answer I gave wasn't rubbish, it just wasn't what they wanted.

I don't owe anyone anything when it's regarding answers or responses. The infectious problem is, you believe everyone just has an opinion and no one has bothered to any research beyond what you're either capable of or willing to perform yourself. That sounds a lot like laziness to me.

If you want to learn, be prepared to be humbled from time to time.

Lazy is as lazy does. Easy thing to understand.


Peter

You are right on the point. Many want the latest indicator soup for a real workless money machine doing the work alone. Effort to learn something and focus on that is something that can not done by many.
We have price and time. Sometimes price change not much, but time move on and on. Sometimes price explode in short amount of time. Find the connection and you will for sure find a good spot for trades in future.
Most in the system corner is crap, many cover only a piece of bigger picture!

Didn't the Turtle Trader experiment prove it is the trader and not the system that makes the difference? Cheers.

BINGO....Unfortunately it seems most would rather blame someone or something else...as they can not accept personal responsibility for their actions.
We even have members here that say it must be the fault of Technical Analysis..

As I said before "A poor craftsman blames his tools"....

And the Turtle Traders is an excellent point ! It really illustrated that its not the method, the TA, the tools etc ...
A simple game of YOU vs YOU is what it all boils down to IMHO

Cheers
Blue

Can be and yet ........ I look around and see people who have inhabited these sites for years yet show they've not gone past the surface layers. Interesting isn't it.

I've actually met some people who used to be on these sites many a year ago. Had a lot of interesting stories to tell me about people and trading. And so it comes as no surprise WHY these people have moved on to better things in their life ...... no more forex factory etc etc. Just a little note.


Peter

Here we are, Mate. Cheers!

Yeah I find it difficult to swallow what website traders say.

Price chart. Direction traded - buy or sell. Indicator used. Timeframe.

There's a truthful sum up of what these sites constantly talk about and repeat. A person could, objectively, stay on the outside of the site, never joining it, do their observation work and other research then go away and do their own trading and happily get on with their life. All unaffected or infected by the site. Interesting isn't it.

So no, I don't trust website traders. And I wouldn't encourage anyone else to either.

Peter

I have a question ..... which bunch of data toting idiots over on "Fun Factory - Interactive for Day Traders" thread were saying that Central banks "only compete against each other" etc ???

Here's the proof that data packaging as they love to go on about there, is "empty calories" ....

https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm

It's unbelievable that people like that on that thread have stayed alive this long. Are people really so silly to not see these things?

https://www.elibrary.imf.org/display/book/9781557751423/ch03.xml





People have some VERY silly "ideas" about money and the world they try to navigate.

https://www.google.com/search?q=BIS+IMF+money+system&spell=1&sa=X&ved=2ahUKEwiIxZ_zlOr9AhXTXmwGHdsiA_UQBSgAegQIBxAB&biw=1304&bih=697&dpr=1

You can hide on "forex factory" and hide behind data that has been through the ringer many times, or you can learn why.

So I go back to my post on that Fun factory thread and post 444 here, to show that 3rd and 4th hand information is completely useless. absolutely totally worthless.

Have fun and try learning something.


Peter

Money viewed in differing ways .....

indeed… Peter what’s your take on the global shit-show right now from a macro (and not trading) perspective?