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What's the Value In Trading?

  • #21
  • Jun 18, 2019 7:23pm Jun 18, 2019 7:23pm
Quoting CindyXXXX
But really... What's the value in trading>?
//----

hey cindy....... has been awhile..... glad your back.....
//------

trading has many values for me.....

first would be the simplicity..... it's rare my computer or iphone is not close by.... doing what they do while i'm doing something else..... cleaning my shop, running the sawmill, silver dollar city or whatever..... at some point i began a habit of trading the sunday market opening from a different place each time...... how many people can say they traded the opening sitting on top of springer mountain ga...... one for sure...... that's true freedom.....

second would becoming internet friends with 1000's of people from all over the world, even if briefly.... usually thru coding something for them..... still it gives me cause to look closer at the country their from..... and thanks to google street view i can usually drive down their roads and see things not available to me otherwise...... that's true freedom......

third would be in knowing it can be done..... and quietly doing it sitting on the rim of the grand canyon or on top of pinnacle mountain....... that's true freedom......

and of course there will always be those that insist it can't be done..... let me quote enivid and say "ok"...... now that's true freedom......h
//------
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to trade and code, keep both simple... no call to impress....h
  • #22
  • Jun 18, 2019 8:06pm Jun 18, 2019 8:06pm
I have a successful business and was looking for a way to invest profits so I could expand without relying on traditional forms of finance.

Ironically I won lot of money very early on, but have since yet to repeat the experience, it seems the more I have learnt the less I consistent I have become, not sure entirely sure how that has happened.

On a different note, I ended up listening to mark Douglas on a audiobook in the car a few years ago which then led me to other successful business mentors which has changed my way of thinking and looking at the world which has helped me expand my business without forex.

I would say that trading has taught and showed me a lot about myself and in turn has led me down a path of self discovery which has enhanced my business life but also raised more questions about why we are here.
life is a reflection of what we allow ourselves to see
  • #23
  • Jun 18, 2019 8:37pm Jun 18, 2019 8:37pm
Quoting mikeeating
Ironically I won lot of money very early on, but have since yet to repeat the experience, it seems the more I have learnt the less I consistent I have become, not sure entirely sure how that has happened.
Yeap self discovery. Always happen after we go down the rabbit hole in trading.

Ask yourself 2 questions
1. How did I won those money? Was there a set of rules that I can repeat that can generate the same results over the years for me? This will lead to profits.
2. How efficient am I executing the system? This will lead to consistency.
  • #24
  • Jun 19, 2019 6:41am Jun 19, 2019 6:41am
I would agree with the thread starter that trading has brought basically nothing of value to my life. Not to mention i am still not a profitable trader yet.

Even if i did make it into a profitable trader, i see no real value added to it. I mean, i am not contributing to society like other professions do. People say we add volatility to the market and i think that is pure BS. It's a dog eat dog world here. There's no "good" volatility added here whatsoever.

If you compare traders to other professions like doctors, engineers, firemen etc, we all traders really are not doing any good at all to the human world. I mean, did my buy trade of 1 lot eur/usd earlier really help the economy of the whole europe? I highly doubt it. But in fact, a medical checkup from a doctor, a fire put up by the firemen etc can really help contribute positively to the world. They are saving lifes of others and we traders are only doing it for our own personal greed. The difference is really big here.

From a scale of one to ten with ten being the most noble profession in the world (doctors, firemen etc), i would say we are at around 2-3, while criminals, murderers are placed somewhere between 0-1. The only positive value i see from trading is i can bring food to my family financially and if you think about it hard, you can do it too by doing a simple 9-5 job.
  • #25
  • Jun 19, 2019 7:55am Jun 19, 2019 7:55am
Quoting CindyXXXX
I may as well ask you, what's the meaning of life? It's different for everyone but inherently .. the same. Deep down Let's say I game the market and make 1 million dollars a day... Sound like the start of a Hollywood movie. But really... What's the value in trading>? The richest men I know.. They are rich in joy for what they do.. In a game where you basically broke 95% of the "people" you come in contact with... and to do it you really need to be stuck to a computer adding zero value to society, just sucking money out of the system... but where...
the glory is that i fucked somebody up in that particular session/day.

That's the gladiator mindset, kill or be killed. I love it. Every single day that i turn on my computer to trade, i know there are assholes out there ready to take my money; and me doing the same thing to them. So when I get my take for the day, I know I screwed somebody over; and that gives me joy. Especially in a regulated exchange where I know there is true zero sum game being played out.

Inserted Video


But to question the value of money altogether means you're in a life crisis. Doesn't matter what you do for a living; when that thought crosses your mind as to why I am working for money, then that's when you go Google and search "psychiatrist under $50/hour".
  • #26
  • Jun 19, 2019 2:30pm Jun 19, 2019 2:30pm
Banks and governments all over the world create money out of thin air (well, what they really create is more and more public debt, but that's irrelevant here).
Only trading gives ordinary people a chance to create their own money. That's simply priceless.
Timing Direction Strength
  • #27
  • Jun 20, 2019 10:09am Jun 20, 2019 10:09am
Quoting CindyXXXX
But whats the real value here whats the real value in trading. Tell me that https://youtu.be/JUkIkRmUr0Y

,,,,buying handbags and shoos??!!! Duh!!
.... laughing all the way to the bank
  • #28
  • Jun 20, 2019 6:44pm Jun 20, 2019 6:44pm
Quoting CindyXXXX
What's the value in trading>?
The richest men I know.. They are rich in joy for what they do.. In a game where you basically broke 95% of the "people" you come in contact with... and to do it you really need to be stuck to a computer adding zero value to society, just sucking money out of the system... but where is the glory>
Cindy, I am so sorry for you and your thought process. The questions that you are asking are actually kinda funny; at least to me.

Let me answer some of your questions:

1. You don't need to be stuck to a computer. Most traders that I've talked to in my 10+ years of trading have an inverse relationship to their profits vs. screen time, i.e. overtrading kills accounts

2. The glory? I want profits not glory. You want glory go into professional sports or acting to get to the Oscars. Most people would consider that 'glory'. However why not volunteer at the local food pantry or volunteer at meals on wheels 1 day a week - that's how I define 'glory'

Quoting CindyXXXX
like really? Where's the f glory in that? With all the things you can do, why choose this sick tornado? To enjoy it would that make you a little loop? a pschyco or sociopath ?
Why is trading Forex a sick tornado? Successful Forex trading is a 2 part strategy: 1 part techniques/system and 2. Trading psychology/discipline
Quoting CindyXXXX
I dunno.. I just think a lot of the people attracted to trading are genuinely good intelligent people simply looking to get ahead... When in reality they are just walking into a street game worse than a ghetto... and through their own desires never even see it..
On this point you and I are in total agreement. Using myself as an example I lost tens of thousands in my first two (2) years of Forex. I have a few letters after my name to prove that I went to school (12 years AFTER completing high school) and I 'though' I was too smart to fail - BIG MISTAKE. After such losses I retreated, stopped trading, found a mentor, studied, took trading classes, read NUMEROUS books and tried again.....Still negative because I didn't give any credence to the psychology - mine and the market.

Quoting CindyXXXX
Well, I'm no different to you. But just gotta ask ya know... whats the f value here...? IS Money really THAT valuable? What's real here>?
Finally, the $64 question....my answer is YES!

As I see it you asked the question in the wrong order. I asked what I wanted to do to provide for my family with my skill sets. What would make me happy and content. Once I answered those questions I searched for the proper opportunities to make my dream a reality.

What VALUE does Forex Trading provide - the sky is the limit. You choose the hours, the days, the risk, the investment, the profits & losses. In fact some would say that Forex Trading provides the best of all worlds. That's my thoughts.

Inserted Video
...because you never know - until you do!
  • #29
  • Jun 27, 2019 1:56am Jun 27, 2019 1:56am
Quoting fxsport
{quote} Cindy, I am so sorry for you and your thought process. The questions that you are asking are actually kinda funny; at least to me. Let me answer some of your questions: 1. You don't need to be stuck to a computer. Most traders that I've talked to in my 10+ years of trading have an inverse relationship to their profits vs. screen time, i.e. overtrading kills accounts 2. The glory? I want profits not glory. You want glory go into professional sports or acting to get to the Oscars. Most people would consider that 'glory'. However why not volunteer...
Well sometimes we just hit the right buttons i guess,

we’re all different and I appreciate your response.

Thanks a lot =p

I can tell you’re a baby boomer too btw ... (talk about thought process).. need i say more


https://m.youtube.com/watch?v=393C3pr2ioY
Time hides Nothing
  • #30
  • Jun 27, 2019 2:03am Jun 27, 2019 2:03am
Quoting hayseed
{quote} //---- hey cindy....... has been awhile..... glad your back..... //------ trading has many values for me..... first would be the simplicity..... it's rare my computer or iphone is not close by.... doing what they do while i'm doing something else..... cleaning my shop, running the sawmill, silver dollar city or whatever..... at some point i began a habit of trading the sunday market opening from a different place each time...... how many people can say they traded the opening sitting on top of springer...
Yeah mate, but you’re a rare and real one. Plus you automate successfully... one of those thread i can’t even remember starting but at least half interesting haha stay green good fella

thanks hayseed

// =p

A rare and real song

https://m.youtube.com/watch?v=fJ9rUzIMcZQ
Time hides Nothing
  • #31
  • Jun 27, 2019 2:31am Jun 27, 2019 2:31am
Quoting itsallover
{quote} ,,,,buying handbags and shoos??!!! Duh!!
its sad how we’ve become hey

so much natural beauty out there... amazing real systems ... photosynthesis, planetary cycles, tidal energy, evolution... and we are just so involved in our human stuff... our handbags and or shoes

i really f wonder sometimes


https://m.youtube.com/watch?v=YP4j1KyKRjE

Hope you’re good Kelly =p
Time hides Nothing
  • #32
  • Jun 27, 2019 6:37am Jun 27, 2019 6:37am
Quoting CindyXXXX
{quote} Well sometimes we just hit the right buttons i guess, we’re all different and I appreciate your response. Thanks a lot =p I can tell you’re a baby boomer too btw ... (talk about thought process).. need i say more https://m.youtube.com/watch?v=393C3pr2ioY
Oh Cindy with regard to your thought process about me.....well lets just say some of have 'older souls' that don't match our chronologic age....
Attached Image
...because you never know - until you do!
  • #33
  • Jun 27, 2019 6:20pm Jun 27, 2019 6:20pm
Quoting CindyXXXX
I may as well ask you, what's the meaning of life? It's different for everyone but inherently .. the same. Deep down Let's say I game the market and make 1 million dollars a day... Sound like the start of a Hollywood movie. But really... What's the value in trading>? The richest men I know.. They are rich in joy for what they do.. In a game where you basically broke 95% of the "people" you come in contact with... and to do it you really need to be stuck to a computer adding zero value to society, just sucking money out of the system... but where...
I might give you some good reasons right there:

Best clip ever (regarding this):
Inserted Video


A commercial but very good one, good message:
Inserted Video


And also, you can view yourself as the "Robin Hood"... "taking" from big players (rich) and giving to (poor), aka making good with (potential) profits... So you are contributing in the end etc...

But yeah, should you go deep enough, maybe too deep, you will end up with the most difficult question "Why?"
Meaning of life etc.... can not help you there
Oh yeah, I can somewhat, one more clip...

"There are no answers, only choices", start at time: 2:01
Inserted Video


This is as far as I can "help" with "reason" or motivation
Would also recommend to have serotonin levels good etc...

P.S. And yeah... What it is really about? This!
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Can you afford to take that chance?
  • #34
  • Jun 27, 2019 6:34pm Jun 27, 2019 6:34pm
Quoting CindyXXXX
But whats the real value here whats the real value in trading. Tell me that

It is good to earn a few dollars, but by far the superior value of trading is to use it as a means of learning to routinely enter "the zone" or "flow".

The immature traders mind is agitated when trading "significant" volume given the inherent uncertainty/risk, potential for loss and implications this has for one's life.

The mature trader is more akin to a Zen master, he/she places and manages trades without an agitated mind. And accepts the outcome, profit or loss, with poise and equanimity.

When you can trade this way you have found the "real value of trading"
and more importantly, the optimal way to Be as a human being.


https://www.forexfactory.com/showthread.php?t=397757
  • #35
  • Jun 27, 2019 9:22pm Jun 27, 2019 9:22pm
Quoting CindyXXXX
But whats the real value here whats the real value in trading. Tell me that https://youtu.be/JUkIkRmUr0Y
There's no answer to that, everyone has their own answers. I assume you are here and still on the journey of being a successful trader, so what's the real value in trading for you?

For me it's the perspective and experience that I've gained over years that made this journey so valuable. Money and freedom is not the real value in trading, it's just a by result that you get from being YOU over the years.
  • #36
  • Jun 28, 2019 4:21pm Jun 28, 2019 4:21pm
Quoting CindyXXXX
I may as well ask you, what's the meaning of life? It's different for everyone but inherently .. the same. Deep down.....
Hey Cindy here's MY take on Forex trading....Just substitute the word Forex for Matrix.....

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Just remember Cindy no one can be told what that value of Forex is ...you have to experience it for yourself!
...because you never know - until you do!
  • #37
  • Jun 28, 2019 8:29pm Jun 28, 2019 8:29pm
Quoting CindyXXXX
{quote} So what you’re saying is you would rather be a slave to a computer screen than a human? do you think maybe you are trying to take the perceptive “easy way out”? your reply let me down man.:. Your motives are completely flawed but extremely common so thanks for replying. Much appreciated. Most wouldn’t . At the least you fight for your ground. That’s respectable. Thanks https://youtu.be/eBShN8qT4lk
We will always be slave to something. Freedom always exist in a context. Traders are slave to the markets, and I find the markets a better master then a company. The time we earned, we decide how to spend it which could be beneficial to the society or not, it's our choice. As mentioned in an earlier post, its just a tool to an end.
What is your goal, that only you can answer yourself.
  • #38
  • Jun 29, 2019 9:06pm Jun 29, 2019 9:06pm
Some nice thoughtful and true replies

i guess for me it was the thought of “beating the system” and the challenge was always the appeal. Its just hard to look at a chart these days with the same enthusiasm I had maybe 5 years ago.

i find it a very soulless activity

Inserted Video
Time hides Nothing
  • #39
  • Jun 30, 2019 6:11pm Jun 30, 2019 6:11pm
Quoting CindyXXXX
i find it a very soulless activity
You have answered your own question. FX is "soulless" according to you.
Now the decision becomes, do I take an extended break or give it up entirely.
  • #40
  • Jun 30, 2019 6:38pm Jun 30, 2019 6:38pm
Money should only ever be seen as a by product for what you do, it's the doing that will bring real value and self fulfilment to your life... So if you have figured out what primarily gives you fulfilment then the money should flow from that. if you "require" money to pursue the thing that you think will deliver a deeper level of personal fulfilment then your trading should only be seen as a tool to take you there and hence dont expect personal satisfaction from it, so there is the natural detachment from value you seek from it or think should come from it.
life is a reflection of what we allow ourselves to see
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