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  • Post #221
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  • Oct 11, 2020 4:39pm Oct 11, 2020 4:39pm
  •  Forexholy
  • Joined Jun 2017 | Status: Member | 480 Posts
You guys have to much conventional thinking it reminds me of the breaking of the 4 minute mile.


What Breaking the 4-Minute Mile Taught Us About the Limits of Conventional Thinking

 

  1. Bill Taylor


March 09, 2018

  1. SaveThe sad news of the passing of Roger Bannister, the first human being to run a four-minute mile, got me thinking about his legacy — not just as one of the great athletes of the past century, but as an innovator, a change agent, and an icon of success. As it turns out, when he broke through a previously impenetrable track-and-field barrier, he taught all of us what it takes to break new ground.


Most people know the basic story of Roger Bannister, who, on May 6, 1954, busted through the four-minute barrier with a time of three minutes, fifty-nine and four-tenths of a second. But it was not until I decided to write about him for my book Practically Radical, and read a remarkable account of his exploits by the British journalist and runner John Bryant, that I understood the story behind the story — and the lessons it holds for leaders who want to bust through barriers in their fields. Bryant reminds us that runners had been chasing the goal seriously since at least 1886, and that the challenge involved the most brilliant coaches and gifted athletes in North America, Europe, and Australia. “For years milers had been striving against the clock, but the elusive four minutes had always beaten them,” he notes. “It had become as much a psychological barrier as a physical one. And like an unconquerable mountain, the closer it was approached, the more daunting it seemed.”
This was truly the Holy Grail of athletic achievement. It’s fascinating to read about the pressure, the crowds, the media swirl as runners tried in vain to break the mark. Bryant also reminds us that Bannister was an outlier and iconoclast — a full-time student who had little use for coaches and devised his own system for preparing to race. The British press “constantly ran stories criticizing his ‘lone wolf’ approach,” Bryant notes, and urged him to adopt a more conventional regimen of training and coaching.
So the four-minute barrier stood for decades — and when it fell, the circumstances defied the confident predictions of the best minds in the sport. The experts believed they knew the precise conditions under which the mark would fall. It would have to be in perfect weather — 68 degrees and no wind. On a particular kind of track — hard, dry clay — and in front of a huge, boisterous crowd urging the runner on to his best-ever performance. But Bannister did it on a cold day, on a wet track, at a small meet in Oxford, England, before a crowd of just a few thousand people.
When Bannister broke the mark, even his most ardent rivals breathed a sigh of relief. At last, somebody did it! And once they saw it could be done, they did it too. Just 46 days Bannister’s feat, John Landy, an Australian runner, not only broke the barrier again, with a time of 3 minutes 58 seconds. Then, just a year later, three runners broke the four-minute barrier in a single race. Over the last half century, more than a thousand runners have conquered a barrier that had once been considered hopelessly out of reach.
Well, what goes for runners goes for leaders running organizations. In business, progress does not move in straight lines. Whether it’s an executive, an entrepreneur, or a technologist, some innovator changes the game, and that which was thought to be unreachable becomes a benchmark, something for others to shoot for. That’s Roger Bannister’s true legacy and lesson for all of us who see the role of leadership as doing things that haven’t been done before.
In fact, two Wharton School professors have analyzed the lessons for business of the four-minute mile. In their book, The Power of Impossible Thinking, Yoram Wind and Colin Crook they devote an entire chapter to an assessment of Bannister’s feat, and emphasize the mindset behind it rather than the physical achievement. How is it, they wonder, that so many runners smashed the four-minute barrier after Bannister became the first to do it? “Was there a sudden growth spurt in human evolution? Was there a genetic engineering experiment that created a new race of super runners? No. What changed was the mental model. The runners of the past had been held back by a mindset that said they could not surpass the four-minute mile. When that limit was broken, the others saw that they could do something they had previously thought impossible.”
Most thinking about strategy, competition, and leadership emphasizes the intricacies of business models: revenues, costs, niches, leverage. But mental models are what allow organizations and their leaders to try not just to be the best at what everyone else can do, but to do things that only they can do — which, over time, shows others what it possible. They don’t accept the limitations, tradeoffs, and middle-of-the-road sensibilities that define conventional wisdom. In other words, great leaders don’t just out-perform their rivals. They transform the sense of what’s possible in their fields.
That’s what makes icons like Roger Bannister so unforgettable — and so important.

1

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  • Post #222
  • Quote
  • Edited at 6:09pm Oct 11, 2020 5:20pm | Edited at 6:09pm
  •  FXSayWhat
  • Joined Oct 2013 | Status: harder de battle sweeter de victory | 1,759 Posts
Quoting Freefox
Disliked
{quote} I think it is something to do with GMT offset ... but not quite as straight forward. Here's the results of my analysis. Let's focus on GBPUSD trades on 1st October that you have identified as not matching the chart activity. But if you plot and make a GMT offset adjustment for those same trades they match up exactly with my Broker (Global prime). See first image below. All the GBPUSD activity from the start of the trading account until the trade on 4th Oct trade at 10:46pm match up exactly when I plot them using the same GMT offset I have...
Ignored
Hi Freefox, I tried to shift the price back for a couple of hours, and I had the match. Thanks for pointing this out.

Quoting Forexholy
Disliked
{quote} well fxsaywhat I got on this board to support you but it seems you are part of the unbelieving crowed. let me say this first. I have nothing to sell.
Ignored
hi Forexholy, thank you for coming to this board to show support. Please understand I felt it was also my job to make sure everything checks out. Not only my screen didn't map out most of the filled prices regardless of what the known and unknown reason was, but others also had the same problem.

Quoting FXSayWhat
Disliked
I am not pointing my fingers and still would give my benefit of doubts to forexholy. I am just simply stating my findings today.
Ignored
After a few hours of failed figuring out what happened to your history and these filled prices, I was in doubt. That was why I asked everyone to also help verify or at least help explain to me what happened to your history.

You and I here making +1000% claims and standing in the spotlight. Hundred if not thousands of ppl have seen or subscribed to the thread. As for me, I kept my trades and intention as clean as it can be just so I can answer back to the questions. If you decide to come up to support the board, be a part of it and lead, I would also expect the same from you when a question is brought up to you.

I myself traded for 13 years, and I asked a lot of questions myself. at the end of the day, nothing personal, just trades. Life is too short for this type of internet engagement, especially on FF. but if you feel offended personally in any way, I apologize for that.

Quoting inversio
Disliked
{quote} Rally no idea what is the purpose of this kind of thread, selling ea or collecting fund, if a trader is so good s/he should open signal or pamm account then advertise the result ,but here found so many trader post lucrative results but when asked for signal or pamm service denied. Even not to share strategy so what ppl try to show or proof ?
Ignored
Sharing is learning, brother.
there was once a wise man told me if you don't take on the most challenging questions, and see where others see, think outside of the box with the ppl who think outside the box, how do you learn, how do you perfect it?

my setup still has room for upgrade, I don't have time to trade someone's $500 account from a random discord room. I'd like to work on my own hours.

Now, does it ever strike you that forex trading involves very high risk? and if someone has million(s) to invest for steady growth, and he is NOT dumb, I bet you a dollar he would most likely give to Elon Musk and Tesla, or buy a few houses instead of putting it all in the forex market or hand it to you let you trade at the 500:1 leverage.

If you think trading forex is a good way to get richer among the rich people who are likely to have the capital to invest, think again.
Alright, time's up. LET'S DO THIS!! LEEEEROOOOOOOOOOOY JEEEEENKINNNNNNNS!!!
Ramblin' Rose Return This Year: 1,015.4%
  • Post #223
  • Quote
  • Oct 11, 2020 6:16pm Oct 11, 2020 6:16pm
  •  mtako
  • | Joined Sep 2020 | Status: Member | 342 Posts
Quoting Forexholy
Disliked
You guys have to much conventional thinking it reminds me of the breaking of the 4 minute mile.
Ignored
People were just asking questions about what they were not understanding... There is clearly some miscommunication here. There is really no reason for anyone to judge anyone or be offended by anyone here. We don't know each other so everything is taken out of context. Taking anything personally is not worth it, in my opinion.

I for one have never found a consistent (months)way to trade with full margin of high-leverage and gave up that quest a long time ago when I became successful enough without it.

The reason I spoke here was because I have been getting glimpses of this possibility, without even searching for it, little by little, by simply continuing to optimize and adapt my strategies, combined.

I'm one of those fools that is more curious than anything and who believes in the impossible.

Rest assured dear Forexholy, like your, any shares are welcome and greatly appreciated, as is the respectful analysis of these shares, of course.
1
  • Post #224
  • Quote
  • Edited at 5:58pm Oct 16, 2020 4:43pm | Edited at 5:58pm
  •  FXSayWhat
  • Joined Oct 2013 | Status: harder de battle sweeter de victory | 1,759 Posts
I have been trying on an account that only allowed myself to trade the pound pairs. Everything was pretty good till I hit my first s/l, 3 positions in a roll. I recovered it from it shortly but the damage was already done.

Yeah, that's right. GBPNZD, I took on the hardest pair to trade.
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The drawdown would have been looked less ugly if I didn't let my emotion of fear of breaking the winning streak took over the drive.

This week ended at ranked 21. The plan is to make 50 trades on pound pairs this month, and if all went well and worth mentioning, a new video will be on https://www.youtube.com/channel/UCen...SABT-kT0dTtMrA?

Thank you all for trying and hope you did well.

Have a nice weekend.

Also, thank you for bringing up the FTOM. I am currently in Trial and looking to take on the real challenge start of next year.
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It shouldn't be hard at all to work w/ them just have to make a few adjustments. I will keep you posted here or in another thread.

Quoting Forexholy
Disliked
You guys have to much conventional thinking it reminds me of the breaking of the 4 minute mile.
Ignored
Hope that 100-lot EURUSD position worked out in the end. I too in FTMO now. Good luck to you and have a nice weekend sir.
Alright, time's up. LET'S DO THIS!! LEEEEROOOOOOOOOOOY JEEEEENKINNNNNNNS!!!
Ramblin' Rose Return This Year: 1,015.4%
2
  • Post #225
  • Quote
  • Oct 17, 2020 5:34am Oct 17, 2020 5:34am
  •  SilentFather
  • Joined Jul 2018 | Status: Member | 410 Posts
Quoting FXSayWhat
Disliked
I have been trying on an account that only allowed myself to trade the pound pairs. Everything was pretty good till I hit my first s/l, 3 positions in a roll. I recovered it from it shortly but the damage was already done. Yeah, that's right. GBPNZD, I took on the hardest pair to trade. {image} The drawdown would have been looked less ugly if I didn't let my emotion of fear of breaking the winning streak took over the drive. This week ended at ranked 21. The plan is to make 50 trades on pound pairs this month, and if all went well and worth mentioning,...
Ignored
Yeah, I thought about ziskejucet.cz (FTMO) too. It's great thing tbh. Few traders in czech actually made it thru and they got the money. It's kinda weird that You will trade on demo and then get paid... But from the psychical point - it should help.

SF
  • Post #226
  • Quote
  • Oct 18, 2020 2:16pm Oct 18, 2020 2:16pm
  •  DrunkJesus
  • | Additional Username | Joined Oct 2020 | 4 Posts
I'm absolutely impressed, but it is a shame you don't share your full and current log here. If you are really able to perform at this level, I'm extremely interested to learn from you or even work with you. Cheers.
  • Post #227
  • Quote
  • Feb 23, 8:15am (35 hr ago) Feb 23, 8:15am (35 hr ago)
  •  FXSayWhat
  • Joined Oct 2013 | Status: harder de battle sweeter de victory | 1,759 Posts
Hitting a 1000% today just trading bitcoin in a little over 8 hours. 1000% over 7 trades, my best record so far. https://www.forexfactory.com/fxsaywhat/200831

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Cheers!
Alright, time's up. LET'S DO THIS!! LEEEEROOOOOOOOOOOY JEEEEENKINNNNNNNS!!!
Ramblin' Rose Return This Year: 1,015.4%
2
  • Post #228
  • Quote
  • Feb 23, 11:05am (32 hr ago) Feb 23, 11:05am (32 hr ago)
  •  ryuryu
  • Joined Apr 2020 | Status: degen gambler | 362 Posts
Quoting FXSayWhat
Disliked
Hitting a 1000% today just trading bitcoin in a little over 8 hours. 1000% over 7 trades, my best record so far. https://www.forexfactory.com/fxsaywhat/200831 {image} {image} Cheers!
Ignored
Hi! Nice results! What is max leverage on btc?
greed and fear
1
  • Post #229
  • Quote
  • Edited Feb 23, 1:45pm Feb 23, 1:32pm (29 hr ago) | Edited Feb 23, 1:45pm
  •  FXSayWhat
  • Joined Oct 2013 | Status: harder de battle sweeter de victory | 1,759 Posts
Quoting ryuryu
Disliked
{quote} Hi! Nice results! What is max leverage on btc?
Ignored
hi ryu, right now, I am at 1:33.
Alright, time's up. LET'S DO THIS!! LEEEEROOOOOOOOOOOY JEEEEENKINNNNNNNS!!!
Ramblin' Rose Return This Year: 1,015.4%
  • Post #230
  • Quote
  • Feb 23, 3:02pm (28 hr ago) Feb 23, 3:02pm (28 hr ago)
  •  FXSayWhat
  • Joined Oct 2013 | Status: harder de battle sweeter de victory | 1,759 Posts
Quoting HeyYou
Disliked
FX, I would buy some f...ing stocks with that money.
Ignored
lol it's not a lot of money. I am still doing a few experiments on Bitcoin before I commit all the resources to it. so far it's pretty exciting, and it also offers me a different perspective in trading in general.

Profit is nice but it sure requires some knowledge and practice I learned trading fx in the last few years.
Alright, time's up. LET'S DO THIS!! LEEEEROOOOOOOOOOOY JEEEEENKINNNNNNNS!!!
Ramblin' Rose Return This Year: 1,015.4%
  • Post #231
  • Quote
  • Last Post: Feb 23, 6:26pm (25 hr ago) Feb 23, 6:26pm (25 hr ago)
  •  FXSayWhat
  • Joined Oct 2013 | Status: harder de battle sweeter de victory | 1,759 Posts
Finally got the update on myfxbook, and I think I broke myfxbook's widget .
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Alright, time's up. LET'S DO THIS!! LEEEEROOOOOOOOOOOY JEEEEENKINNNNNNNS!!!
Ramblin' Rose Return This Year: 1,015.4%
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