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Objective Thinking And Trading

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  • Post #461
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  • Mar 20, 2023 10:46pm Mar 20, 2023 10:46pm
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Quoting triphop
Disliked
{quote} indeed… Peter what’s your take on the global shit-show right now from a macro (and not trading) perspective?
Ignored
The faces change but many things haven't. But the average person doesn't even understand what impacts them. The shit show continues because people won't learn. I think it's very ironic and funny because the worse 'the people' let things get, the worse it is for them and "their loved ones". So I think people should stop pretending they have common sense because they know how to google something, when it's obvious and clear that "their common sense" does not line up with real life. These are the things I look at more so than the superficial stuff. Although that stuff plays it's part. Most people have a LONG way to go to stop playing the victim ..... it's usually self induced.

Real politics has nothing to do with presidents and law courts and the like. I'd say people are going to be in deep shit going further into this decade. I look at societal trends as they are usually more accurate than social or financial trends and are a leading indication. And it has worked since civilization began, so, people will probably keep chasing money or gossip or whatever, but, daily news will be there until the day the final person realizes how empty it is.

Peter
Real Trading is not gambling.
 
 
  • Post #462
  • Quote
  • Mar 21, 2023 12:09am Mar 21, 2023 12:09am
  •  TooSlow
  • Joined Mar 2012 | Status: Trader | 12,086 Posts | Online Now
https://youtu.be/rISyTPKzKHE
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
 
 
  • Post #463
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  • Mar 21, 2023 12:12am Mar 21, 2023 12:12am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Life begins. People are born. Some wander while others choose to make camp. After some time, hunting and foraging is more refined and people decide to build a 'refuge' against predators and other people. Time passes and now more people take "refuge". People need to extend on built living. Now we have a village, later comes a city. Now the walls are built to protect and consume. People use something to trade with, alongside goods. Exchange of monies is born. Soon this idea is spreading and now we have many settlements that use goods and monies to trade. Wanderers explore while camp makers build cities and towns and villages. Then inroads are built and maps are plotted and drawn.

End of stage one.

Later on people want to trade with other far away places, but need a link or bridge to 'do business'. Now created is the merchant of monies and information. Settlements and populations expand. Different places want separation and independence - sovereignty. So best and easiest way to do this is to create their own 'currency of the realm' thereby charging their region with lording and means to do what they want.

End of stage two.

Now modern day. Agriculturalism and pre/in/post-industrialization. People are sufficiently happy with convenience and comfortable in some places to 'relax old ways'. Externalized use of inventions breed "tech age". Most people do not understand them but use them nonetheless.

Data is a grain of information. It has no way of being the start or the middle or the end of anything. It's just there.

Poor use of historical knowledge leaves people with a severe blindspot. Not understanding your society means you are at its mercy 24/7.

It says jump, you say how high?

It says "We want you to hand in all your gold" and you do it because you do as you're told.

It says "Hand in all your country's currency notes and coins because you no longer have the right to use them as legal tender" and you do it because you do not understand the world/society you live in.

Most people like or enjoy social trends, fashion trends etc. But when it comes to more serious things, they have no clue.

The modern society wants people to believe that information and data is most important. However data has no body, no means, no effort. No mind. It cannot create or change anything on its own. It needs to be given "life" to be effective in any way.

And so here's the mind scrambler for "modern people", you're told to revere something that cannot be or do anything BUT CAN be used and misused. In this way, it can build or destroy. And it does a wonderful job of creating false reality for people who are not looking.

So data is in itself, on its own, useless and pointless. It gives birth to nothing but clones of itself. Now in walks the person.

A person will change every dynamic of every situation once they come in contact with a piece of data.

Take a look at these sites. SO MUCH DATA ..... BUT ....... misdirected or poorly wielded, it either destroys, confuses or blocks a person. How?

Answer - the person.

I have tried to explain it to people ....... civilization DOES NOT exist from data or FOR data. Data exists because OF people and the way they live and think and feel ....... AND how they process data and information.

So to be ANYTHING BUT objective about it all, is to destroy your chances of learning anything.

My recent posts are not out of frustration. No. Some people respond to a quiet word while others respond to something louder. But only real people care enough about themself (and hopefully their family too) to look past the delivery method, to realize some things are indeed more important.

From my explorations, people have information and data but believe this is enough. With trading, your goal is to gain knowledge not claims of informational knowings. This is what separates someone who does it seriously from a speculator or gambler. Knowledge. This then turns into experienced knowledge and upon review, wisdom.

How people are in their trading activity, is how they are in real life.

If they don't care about real things then they won't seek real things. If they don't want to be responsible they won't seek it out.

Data is a language when coupled with information. But this still doesn't give you knowledge. So it can only be a piece of the entire equation and process. For me, personally, most people make rather senseless arguments about most things. It doesn't show maturity and intelligence, it shows a lack of these things. For if you cannot see where it's leading you, then what's the point, other than to waste time or offer/provide false claim to knowing something others do not. UNLESS you use an objective approach that teaches you to apply context.

Being too scientific about the use of data carries the same burden.

Ask yourself "Why can I go online to find the best deal on sale but seem to falter when doing real hardcore research for my trading?"

People are the result of being told how to do things and really have never learned how to do things for themself. So as I have said many times, anyone who is serious about doing some trading must create a blueprint that gives the opportunity to watch, ask questions and learn.

For my own trading .....

Eg.

0,1,2,3,4,5,6,7,8,9,10.

I use ALL OF THESE steps. I DO NOT "believe" I'm "better" than real life and I do not play god re: which step should be in there. I use a Top down - bottom up approach.and I look at real things that start at step 0 and then when you look at step 10 (real time chart view for eg.) you see the effects of them. I DO NOT stop at 'bank levels' or liquidity", I use the production system, the money system and usually the people system. Notice the word "system" here. Modern Society is a system OF systems. Going from monthly TF down each one to say, the 5min chart is great if all you want is to speculate. And understandable, many people do this. But you'll never learn anything about how to protect yourself and your family IF that is all you do. The money you accumulate is not yours, it belongs to the system.... you're merely "holding onto it".

Buiness and Finance.

How to learn how the world works?

Begin your research by promising to be and remain objective at all times. Always ask the hard questions.

Categories.

History. People. Money. Basic Finance re: people. Business as seen as a system in 2023, not a personal venture. The observable "Us vs Them" ongoing saga. Personal Development.

Then comes more observations and experience.

So to answer the main question, I do not let anything in my process dictate to me. Each is a tool and that is all. Data is a component but I use my brain to do the work of trading, not the data.


Peter
Real Trading is not gambling.
 
2
  • Post #464
  • Quote
  • Mar 21, 2023 12:17am Mar 21, 2023 12:17am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Quoting TooSlow
Disliked
https://youtu.be/rISyTPKzKHE
Ignored
Toilet feeders or extremely naive folks would follow that and think "that's all it is". Very misleading.

Peter
Real Trading is not gambling.
 
 
  • Post #465
  • Quote
  • Mar 21, 2023 5:03am Mar 21, 2023 5:03am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
I should expand on what I said re: that pimps and hos video .....

People don't need to be told they live in a ghetto. And I don't think they need to be told they're black etc. Nor be told about the "us vs them" stuff. They can see that through the whole rich vs poor stuff. Now what makes it all interesting, is who exactly started the pimp and ho sub-culture in the past? And then who and what endorsed it, gave positive reinforcement to it and who profited from it? From my perspective as an adult male onlooker, it doesn't look like it has done anything healthy for the black communities worldwide. Of course I am just an observer so maybe I'm mistaken. Telling people that the past is the same as the present is a fallacy. Telling people that "metaphysics" (a man made idea and concept) can answer those questions that basic observations cannot is absurd. And telling people that "the game" hasn't or doesn't change is also a fallacy. Much of the proper contexts relevant and necessary here for all this are absent. Is this deliberate or an incidental coincidence?

After reading the blurb of the video and watching it a few times and after doing my own personal research, this is my input .....

* If a person and a people want better they must mature internally first. Things like metaphysics is a man made idea, it takes the person away from the real world and places them in an informational state, not a live state.
* This video screams of socialized anger indoctrination. This is what is known as weaponizing an idea.

Question = How many black people, deep down, are still angry over how poorly their part of society has been treated (and feasibly continues to be) ? I'm not black so I'm not going to even try to pretend what it's been like for them to this present day.

This approach to present information and "assistance" stinks of something specific called weaponizing an idea. To weaponize an idea you must create a backflow of "talk", churn it (like churning butter) many times (social media does this very well), do or say things TO the target audience that will accelerate the increase in emotions eg fear, hate and anger, find them a common enemy then set them loose by "calling for XYZ action".

This video may appear of use but if you follow its path to its numerous conclusions, many bad things can come of it.

Race riots. "Social injustice" violence. The blame and fault game is intertwined within all this so if people are scared, angry etc they will seek a victim for how they feel. Even random black vs white violence will occur because many are not mature enough to understand how they're being used or manipulated and have lots of emotions towards many issues that affect them or people they know/love. You'll end up with a furnace ready to pop and explode. Hate crimes will increase, looting will also increase.

The acts of manipulation in the video and wording in the description tells me that it's attempting to merge several parts that are considered more "normalized" now for people so "people will more likely agree and believe it". I'm not a beginner to this kind of thing and so, I look for the pivots of what is used to push it as a documentary or some type of truth series of information.

If it was and is dealing with the truth, it doesn't need to package it at all. The individual person is fully responsible for what and how they digest all information but this is pushing group think which is a different concept altogether. Group think is one step shy of hive mind and collective mind, which means people don't think at all.

Real maturity, in some ways, is about knowing and understanding what is good and healthy for Life to continue on in a healthy way.

To me, black people should be proud they have come this far in human society, however, this is not the way to even the playing field....using man made parlor tricks and society's art of manipulations. People need to seek to learn how to mature internally, then they not only level the field, but surpass what can be pushed on them. They, like everyone else, need to deal with the real human, regardless of external things.


Peter
Real Trading is not gambling.
 
 
  • Post #466
  • Quote
  • Edited 11:46pm Mar 21, 2023 10:41pm | Edited 11:46pm
  •  TooSlow
  • Joined Mar 2012 | Status: Trader | 12,086 Posts | Online Now
Quoting PeterCaleb
Disliked
{quote} Toilet feeders or extremely naive folks would follow that and think "that's all it is". Very misleading. Peter
Ignored
Watch the entire movie. You'll understand. Spoiler, it's not about black people.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
 
1
  • Post #467
  • Quote
  • Mar 22, 2023 2:22am Mar 22, 2023 2:22am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Quoting TooSlow
Disliked
{quote} Watch the entire movie. You'll understand. Spoiler, it's not about black people.
Ignored
Yes I have seen many like that. I stand by what I have already said and explained.

Peter
Real Trading is not gambling.
 
 
  • Post #468
  • Quote
  • Edited 3:14am Mar 22, 2023 2:39am | Edited 3:14am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Quoting PeterCaleb
Disliked
{quote} Yes I have seen many like that. I stand by what I have already said and explained. Peter
Ignored
I consider this to be of more use to a person....


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https://drive.google.com/file/d/1hWSbWPlgUuHU514wDAMxFLoVcoL1j00B/view

But if a person wants everything handed to them all at once, then sure they'll fall for anything and never get close to learning anything.

Peter
Real Trading is not gambling.
 
 
  • Post #469
  • Quote
  • Mar 25, 2023 2:03am Mar 25, 2023 2:03am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Someone asked me how to make heads or tails of trading. Now most people around here probably think I'm an idiot but that's OK, I know they're idiots because the one thing that determines how they observe, process information and ultimately arrive at any conclusion, is NOT, via just one method of thinking. It requires two others as well. It first requires you to find out what type of common sense you have and use in your life. How do you do this? Start being an observer of and in your own life everyday. That's the answer, well, the easy answer anyway. Most people generally, are not taught this and so, it's not surprising that Life in human society is what it is at present. Part of the problem though, is people think the "Personal / Spiritual Development Industry" (Yes it is a billion dollar industry of BUSINESS) and religions and paths of spiritual beliefs and practices, hold the clue or answers to many of their questions and problems. While this may be true, no matter how ignorant you are, there's ALWAYS someone more ignorant and less ignorant than YOU. Much of the time, it comes down to one thing ........ common sense.

The next part of this problem, though, is --- exactly how many types OF common sense exist for a person?

To keep all of this very simple, I'll say there's 3.

1- Selfish and self centered and absorbed common sense. Also known these days as "personal truth".
2 - Semi selfish etc etc common sense. Similar to 1 but a little less selfish but still not really willing to make any REAL sacrifice to help or to present or implement improvements
3 - Selfish AND helpful common sense. Taking care of yourself and willing and able to help and see improvements come into practice.

Now as to trading. This requires you to take you own real life common sense and lay it over top of the "market" you trade so the two agree. The less they agree the more out of synch they are. The more they agree they more in synch they are. Understand?

In any market condition, this is how and why some traders perform well while others do not. It's not about your chart or broker or what you trade. It cannot be those things. If it were, they'd just sit there idling.

So you need to learn how to work WITH these 2 additional types of common sense if you want to make heads or tails of trading.


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Happy learning and trading

Peter
Real Trading is not gambling.
 
1
  • Post #470
  • Quote
  • Mar 25, 2023 2:10am Mar 25, 2023 2:10am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
The difference between me and many other people, I spent my entire life making observations and learning.

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Try observing and learning. You might surprise yourself.

Happy learning and trading.

Peter
Real Trading is not gambling.
 
 
  • Post #471
  • Quote
  • Mar 28, 2023 3:36am Mar 28, 2023 3:36am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
To me, the following is a great representation of many people and shows why they seek out "other people" to teach them something they actually already know (in principle), the missing step is to understand it in the many contexts available ......


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


Have fun.

Peter
Real Trading is not gambling.
 
 
  • Post #472
  • Quote
  • Mar 28, 2023 7:02am Mar 28, 2023 7:02am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Trading is one of those activities where the person is required to get past their own interpretations and personal opinions. Although some people struggle with this, there are simple ways to explore your thinking and personal views. Some can be found on this thread and latest posts, but sometimes people need to understand other specific ideas and concepts first, to then appreciate some of the other types of information they encounter as they go along. Below is just one example ....


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Happy learning and trading

Peter
Real Trading is not gambling.
 
 
  • Post #473
  • Quote
  • Mar 28, 2023 11:04pm Mar 28, 2023 11:04pm
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
If you can make the general and specific connected similarities between this and trading, then you're on your way to possessing real life common sense.

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History has proven that people are more likely to assume they have and use common sense, until it is put to the test and they get to see the real life results to show them what kind of common sense they use.

This is one of the fastest ways to find out where you stand BEFORE you start trading.


Happy learning and trading

Peter
Real Trading is not gambling.
 
 
  • Post #474
  • Quote
  • Mar 28, 2023 11:16pm Mar 28, 2023 11:16pm
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
In trade situations, common sense will always trump greed and fear.......


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Happy learning and trading

Peter
Real Trading is not gambling.
 
 
  • Post #475
  • Quote
  • Mar 29, 2023 7:44am Mar 29, 2023 7:44am
  •  TooSlow
  • Joined Mar 2012 | Status: Trader | 12,086 Posts | Online Now
Peter, please share the source of your images. It looks like a treasure trove of information.

Thanks. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
 
 
  • Post #476
  • Quote
  • Mar 29, 2023 10:45am Mar 29, 2023 10:45am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Quoting TooSlow
Disliked
Peter, please share the source of your images. It looks like a treasure trove of information. Thanks. Cheers!
Ignored
Life on planet Earth.

Peter
Real Trading is not gambling.
 
 
  • Post #477
  • Quote
  • Apr 3, 2023 12:16am Apr 3, 2023 12:16am
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
A good place for people to start if they are seeking something more .......

Not my channel and production but a good eye opener.

https://www.youtube.com/@TROMproject/featured


Peter
Real Trading is not gambling.
 
1
  • Post #478
  • Quote
  • Apr 4, 2023 10:41pm Apr 4, 2023 10:41pm
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
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Once you realize that you are the trader not the tools or resources at hand, you can then begin to see that trading is exactly like Life. It's amazing to think that IF most people were more truthful with themself instead of just planting all kinds of ridiculousness all over the place, they might learn something.

As I've said before, to you it all looks different but to me it's just got more glisten to an already existing knowledge base. But once the sheen comes off all that "new stuff", you're left with the basic reality of it all.

It's not too surprisingly then, why many people are afraid of basic truths..... might show up their layers of BS.

Most people assume their thinking is "all good" when coming into trading. Big mistake.

Either you learn to track or you are just forcing a trade because you haven't yet learned the difference between speculating and something else. Sorry to burst your bubble.

Happy trading and possible learning

Peter
Real Trading is not gambling.
 
 
  • Post #479
  • Quote
  • Apr 4, 2023 10:44pm Apr 4, 2023 10:44pm
  •  PeterCaleb
  • | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Don't ask me to describe and provide you with your narrative of what is happening in that pic and chart. That is YOUR job and responsibility. Start making your own observations and try thinking for yourself.


Peter

PS - Just getting in quick before the fools start asking the obvious questions.
Real Trading is not gambling.
 
 
  • Post #480
  • Quote
  • Apr 5, 2023 9:02am Apr 5, 2023 9:02am
  •  TooSlow
  • Joined Mar 2012 | Status: Trader | 12,086 Posts | Online Now
Quoting PeterCaleb
Disliked
Don't ask me to describe and provide you with your narrative of what is happening in that pic and chart. That is YOUR job and responsibility. Start making your own observations and try thinking for yourself. Peter PS - Just getting in quick before the fools start asking the obvious questions.
Ignored
Why We Miss the Obvious
Our eyes and brains can deceive us:

https://www.psychologytoday.com/us/blog/misinformation-desk/202106/why-we-miss-the-obvious
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
 
 
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