Joined Nov 2010
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Status: The bucking bronco and I.
|11,029 Posts
Pills of Wisdom.
Knowledge!
LacK of information...
Wrong information...
Know the enemy!
Know yourself!
Are you disciplined?
Do you deny truths about yourself?
Can you follow rules?
Are you submissive and admissive when you should be?
Do you easily become emotionally charged and irrational?
How do you react when you are emotionally charged?
Do you react without thinking?
Are you a planner?
Are you flexible, or rigid in your thinking?
Are you prideful or humble?
Are you objective, or opinionated?
Do you hold a bias, or can you consider facts in an unbiased manner?
Are you stubborn and have to be right all the time?
Are you greedy?
Do you act/do things beyond your means?
Are you willing to change?
And the list continues…
Success in the market is not just about the market; it is also about knowing how you react to fear and greed.
A trader will continue to struggle if they are unwilling to identify true characteristics about themselves,
regardless of how undesirable they may seem.
Further, the process of knowing yourself as a trader and a person will never end, so do not delay.
Joined Nov 2010
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Status: The bucking bronco and I.
|11,029 Posts
Be careful when you try to follow my trading live...
Do not consider any other trader’s commentary when you are already in a position with your defined, personal plan.
There is no other person in the world that knows your mind, emotion and will.
How can a separate mind possibly tell you how and when to enter and exit a trade if they have no understanding of the foundation your trade is based on?
The market environment is constantly changing, so an opinion or insight one hour can completely change course in the next hour.
In this case, “all bets are off!”
As always happens to me, I begin to feel the responsibility for what I am writing and showing.
Understanding in the proper way requires a solid foundation.
Only a solid basis allows you to see and get the message that I am trying to deliver.
As a matter of fact I'm receiving a positive feedback only by solid and experienced traders with a different style.
We talk the same language and we see the same things.
It's very easy to understand each other and learn to respect each other.
Unfortunately this doesn't happen with TAF readers.
This fact fills me with consternation.
But I need to overcome the embarrassament.
Not everyone could be a winner in this game.
"The important thing is participating"... my foot.
If we talk about Trading, De Coubertin was wrong.
Joined Nov 2010
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Status: The bucking bronco and I.
|11,029 Posts
The essence of sound military tactics is to avoid the invincible and attack the vulnerable.
Sound military strategy had no array or disposition,
just like water which is constantly changing its shape.
The ability to respond continually to changing enemy's tactics and to achieve a final victory... IS TRULY MARVELLOUS!
Good Generals win their battles by making no mistakes.
Making no mistakes is what establishes the certainty of victory,
Consummate military tactitians capitalise upon the enemy's mistakes and weakness to achieve their victory.
Joined Nov 2010
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Status: The bucking bronco and I.
|11,029 Posts
I received some good PM about my experiment of pure Trend Following that I did above, live and deleted, in post #366.
OK... I'm watching my chart of yesterday, now.
I'm in deep meditation with myself and in conversation with Mother Market.
I have to follow the -unstoppable- chain of my thoughts.
Images are following clearly the previous ones... the final point eventually appears. I'll share it.
"No more wrong trades!"...
"Always alive even when we are wrong in front of the market"...
"Invincibility... to be able to stop tsunami!"
"Constant averaging."
This is the wrong, the worst interpretation of fti's teachings.
Pure exaltation of sick minds facing the Irresistible Force.
Explosion of an uncontainable Ego.
Denial of "Principles of Tao" and "Moral Laws".
Denial of "Due Humility" in front of the market.
This is a distorted need and vision that continues to attracts losers.
fti never said that. Never wanted that. Always warned against...
"Wrong mindset readers" created and continuing to create this monster, that costs accounts and lives.
Their incapacity to flow is been spilled all over the beauty of that thread.
They read and immediately bend the lesson to their wills.
They love flirting with the Dark Side...
On the battlefield I will be aiming at their money.
Mine is an anticipated thank you for all the fish!
But they won't understand not even a word of what I'm saying.
As Gann I'll quote from the Book... Luke 23.34.
Joined Nov 2010
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Status: The bucking bronco and I.
|11,029 Posts
The signal has been given and the writing is on the wall for those who want to read it.
I don't know how to say it better than this. Really.
Nothing more to add or demonstrate.
My apologises to fti were written and my promise to him fullfilled.
Conclusion.
Robert Koppell... word by word excerpt.
''The creation of something new is not accomplished by the intellect but by the play instinct acting from inner necessity. The creative mind plays with the object it loves." Am I suggesting that the world's best traders are engaged in a form of artful play? Indeed I am! Moreover, I would propose, based on my own experience and interviews with hundreds of top traders, that the "spirit" of their trading is what is truly unique and in the end successful for them. Is it any wonder that someone can read scores of texts on trading techniques and strategy and not experience the trading performance of a George Soros? Personally, I would love to buy a couple of books on the opera and immediately after completing the last volume, break into song like Pavarotti. Unfortunately, it is not to be!”
In my not so humble opinion...
This is the perfect way to destroy the mindset of a beginner.
You read this paragraph in the wrong way and you are doomed. No way to save yourself anymore.
So... all the people studying music in a Conservatory are mad?
Does Koppel really think and believe that Mozart was born already knowing how to play violin by divine grace!
Come on.
Don't read that book. Time throwing to the wind.
For sure I will never be Mozart... but surely I can learn to play the violin in a discreet way!
And doing that in the proper way, I will understand also something more about Mozart genius and technique.
Question of study, method and application... aka PROPER EDUCATION.
In the same way, “ “Let market teach you“ is another so used statement that is very dangerous.
All the spontaneous people have to try these few challenges for me and then give me their feedback.
Ready?
Please...
Buy a guitar and let it teach you how to play...
Buy an airplane and let it teach you how to fly...
Buy a horse and let it teach you how to ride...
Joined Nov 2010
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Status: The bucking bronco and I.
|11,029 Posts
Talking about application... ROFL
This is one of the lessons J.S. Bach's gave to his wife and his children.
Lesson that I learnt by my teacher and then passed to my son!
Simple but effective.
There is history inside this few notes.
Joined Nov 2010
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Status: The bucking bronco and I.
|11,029 Posts
LIFE IS SHORT LISTEN TO BACH.
About "The Art of Interpretation." (Yes, it is another of my obscure messages!)
When he was young, in 1955, Gould – with the aggressivity typical in youth - recorded the faster version ever played of Goldberg Variations.
Shortly before his death in 1982, he recorded the slowest. Sipping each note... singing in the background to lead his fingers.
He largely abandoned the showmanship of the first performance, choosing instead a more introspective interpretation with more calculated intention.
This is is the first, worth listening. I desperately love both of them.
"...taking wild liberties with the source. In addition to playing the work on a piano instead of on the 18th-century era-appropriate harpsichord, Gould rushed tempos and varied his attack with aggression. His body flailed up and down his creaky chair, displaying melodramatic physical gestures—the very cliche of a young genius at work. But instead of seeming like an impudent youngster, Gould’s innovations signaled a clear love for the source material.
He took the piece’s unusual status—a theme-and-variation work so varied that it could be hard for a lay audience to follow—and realized that it could be performed with modernist vigor, full of wild twists of character." - Seth Colter Walls
I personally studied and played (with huge joy but very slowly) the main theme only.