Objective Thinking And Trading

https://uxdesign.cc/10-cognitive-biases-that-shape-our-world-60e88a512095

We humans sometimes tend to get in our own way.

Thanks for taking the time to share, Mate. CHEERS!

Quoting TooSlow

Disliked

https://uxdesign.cc/10-cognitive-biases-that-shape-our-world-60e88a512095 We humans sometimes tend to get in our own way. Thanks for taking the time to share, Mate. CHEERS!

Ignored

Indeed, however, I would say it happens MOST of the time and even that is being conservative. That link you posted above, is a good example of what I mean actually. On the surface it seems helpful, but it's a modern spin on Psychology's "idea" of what goes on. But for people, "Life" has been "made" so complicated in the 20th and 21st centuries that they just assume that "that's just the way it is". Of course, if a person was to become less assuming, less disconnected and pay more attention NOT to society's "stuff" but to the basic of basics, then everything is more easily understood and approachable. So "man's stuff" is not needed at all if someone wants to do something about themselves. Naturally I would suggest all peoples do this, step by step, but many people still enjoy the comforts of playing the role of victim in their own life, and while theoretically, it may seem easy for some to let go of this and move on, for others it can indeed be very painful, especially for people who have little or no loving friends or family to aid, guide or support them during those times when their burdens are great.

In what I've found, indeed your comment is accurate in saying "we get in our own way", and to add to this, it is the need for self respect that can help someone who has no family or loved ones to be with them when they're in need. I know religions etc have tried to offer a "type" of self respect, as has the sciences in other ways, but really, the basics have always been the same with or without these present. Whenever we (people) declare we are too good to learn the basics, and try to circumvent them, to then move to step 2 and 3 etc, we have broken the natural flow of learning and so then, we create our own problems. We see it happen all the time in trading. And it's why many people are religionists, scientists, agnostics, atheists etc etc,, they have not paid close attention to the basics within the teachings and have misplaced their attention on other things. With most of this "stuff" the solution is present the moment the problem comes into existence. People simply place far too much "faith" in man made society than it really deserves and because they have not learned the basics, they assume the "greater good" has their best interests in mind at all times.

So my suggestion to people, would be to learn and practice living based on fewer assumptions and pay more attention. But the most important thing to note here, is - human society, in whatever form, or cycle, is not infallible, is not natural, is not the starting point. So man's society is just a layer. And therefore, it can be temporarily put aside to make room for seeing more.

Thank you for posting and I hope I have added to your post's content without feeling like I've steamrolled over it.


Peter

You are most welcome, Mate. No worries about steamrolling. Can always learn something when another gives perspective. Cheers!

Someone recently asked "Don't we all have to learn something new every day?"

In one context, the answer could be yes. But far too often, the true answer is no. People do not have to learn something new everyday. For far too many people, they still try to live in an oblivious way where they search for 'routine' in a world that requires them to pay attention. In doing this, they can become rigid and lose the ability to adapt when called on. We've all done it and many still do. And it doesn't only apply to physical means, it encompasses our emotional AND mental way of life.

There is SO MUCH rubbish out in the world about all this stuff now, that you've even got people giving "talks" on TEDX and other silly places online and of course offline.

I've said it for years now - just learn the basics. They cannot steer you wrong because they're based on how we ARE DESIGNED. But what ARE the basics?

Well for this you will need to step WAAAAAYYYY back from the screen and the "outside world's" ideas of anything real. You see, majority of the hoopla out there is all based on specific ingredients and whether you like it or believe it, or not, they will apply to you too. A real problem though, is people have not trained themselves to actually BE a Human, they just go along everyday assuming they are one. This means you are at the mercy of the man made world and this can be a very big problem if it's not addressed.

The basics are - you, people around you, the immediate and general environment, the presence of 'society' and the general locale of Life. That's the 'physical stuff'. Heart, mind and spirit. The words you use for these are your choice but it's all the same for all of us. The other stuff beyond all this is your choice.

As it's been said lots and lots of times before here, the lessons in Life are usually/always the same in trading. Although the details may SEEM different, I can assure you they are the same in principle, concept and accessibility.

An eg. of what I mean here is - Wyckoff theory. People of the 'modern age' seem to think his approach was to do with 'trading" or "charting". Yeah uuuuum, no.

In his hay day, he was demonstrating the comings and goings of BUSINESS that can be personified using a graph ......NOT A CHART.

I have pissed off A LOT of people over the years in saying this, however it is 100% true. For most people, going to University and getting your MBA or its equivalency is not normal, so it needed to be set into a utility style base for people to understand BUSINESS. "Charts' were (and for many, still are) the last thing you focus any of your time on, unless you specialize in company stock and the other things that go with this, including being a technical analysis trader.

Now if you never ever read this about Wyckoff Theory and graphs, you may be one of those people who never appreciated just HOW MUCH about business you can learn just by approaching HIS approaches as a business person and not just someone chasing money.

Anyway, just a short simple one today.


Happy learning and trading.


Peter


P.S. -->


What's walking what?

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What If and Did You Know Combination.


The foundation for any person who seeks to learn instead of just copy the idiot next to you. As you can tell, I don't have much time for people who choose to waste their Life given tools/gifts.

Simple process.

"What If" offers life to possibilities and "Did you know..." offers you the opportunity to do searching on many levels of existence within society to do more than just the boring usual stuff.

Try it, I'm sure you'll surprise yourself as to what you'll learn.

It's EXACTLY the same in trading. Let the fools follow assumptions and other people while you choose to validate that part of you that deserves some self respect.


Happy learning and trading.


Peter

People Are Rigid And Yet Wonder WHY They Cannot Learn Something (Without Copying Others)

You're not 'at school' here so it's time to put away your little child pants and your 'school thinking' and 'label associating' and learn to learn with Life's help and not a textbook or a website........

If trading ceased to exist tomorrow, where would you be? After all, trading is just an activity and while a person's personal agenda may differ from another's, the means and end are usually the same.

But, can YOU handle trying to learn something that doesn't come with a textbook or 'mummy holding your hand' ??

Where the ONLY tool you have, is your ability to observe without judgment or assumptions.

Have a go and see where you're up to.


https://drive.google.com/file/d/1A3U5yGfmFAd1oe7Dg2QXX5bAmNASmt6A/view?usp=sharing


Happy learning and trading.


Peter

https://www.youtube.com/watch?v=6spBu2XAk4A


A basic ingredient that many people today overlook - the curve.

Sure we can get "scientific" about it or be a country bumpkin about it, but the reality of it never changes.

Interacting with anything that has any kind observable anticipative quality about it, requires the same approach, always.

Look at this diagram below .......

Attached Image (click to enlarge)

If you've never laid eyes on this before, then let's begin. It's a curvature cause and effect view. Unlike "scientific' approaches to cause and effect, this approach accounts for the person, in a way where your observations are dictated by what's NOT there, not by what you think you already know.

Man in general, is behind the curve when it comes to learning. And this would help to account for why it seems to take such a long time for people to learn simple things, that are usually the building blocks for more complex things. And I suppose this is why many people lay claim to knowing what trading is, what the definition is and how to explain it. While others try to step around the whole thing and treat it as something else entirely.

This diagram is a great way to test .... NOT the size of your bank account, but just how much you have learned during your time on this planet.

And herein sits the problem and the challenge. People don't "want to" learn it but continuously expect respect and to BE respected, yet they keep showing others how to do the same incorrect things, thus continuing the disparity cycle, getting other people to dig the same hole they are.

Eg - If you have a thread on a site like this, about trades and trading that shows information and details about trades etc, but you don't like that people steal your ideas or copy your trades, here's a freakish idea - stop posting them.

Here's another one to get the mind working .......

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And another ......

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Aaaaand another .....

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Look familiar????? It should.

Now look at this diagram again ......

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For eg. - If you watch TV, then you have the time to do research. If you watch a lot of Netflix, then you have a lot of time to study.

Cause and effect occurs in front of you, to the side of your periphery and it operates in your past and future as well as through you. It's definitely NOT some scientific creation or anything else man made. How do I know this to be true? It can be observed in everything - animal, vegetable and mineral. If you are still obsessed or fixating on the "words" in those pics, then put that aside, because a picture can mean many things at any time.

You being observant is your best ally here as well as being open to new and different directions of seeing and appreciating things.

Attached Image (click to enlarge)

People wipe out because they don't learn to read the situation. And THIS is where most people make the HUGE assumption that good or bad "changes" will always be seen on the chart.

I'll say it again for you - if trading ceased tomorrow where would you be?


Happy learning and trading.


Peter

Someone asked me how to get a 95% return rate or as many people know it - win strike rate.

With one question, must follow steps to create an overview that helps you understand what this really means.... instead of letting stupid thoughts run rampant.

To have ANY % that sits between 2 static parameters, you need to learn to include those parameter boundaries. This means all those people who "believe" that a 50% SR is "doable" or "believable", MUST consider, that 100% SR is also doable. Otherwise your whole idea falls apart.

That's the basics.

Now the how.

There is YOU, the "market and the outcome base. However most people stop there. They forget the unknown factor.

This factor is not just "the unknown" or "unknowable" but it also incorporates your level of ignorance in totality.

There is superficial knowledge, then there is a deeper knowledge.

The first serves 'today's market" and all that this implies and the second serves "THE" market.

Here's an eg .....

Person A uses a basic approach that is systematic so they don't use any individual decision making to send trades to market. This is the usual type of thing you see everywhere. Person B uses ONE single premise. This premise holds true all the time and requires no cleverness, no manipulation of facts and figures and uses no false prediction methodology.

What is it?

Inclusivity.

Person A chases money or an idea. Person B sees this .......

Attached Image (click to enlarge)

Person A does what everyone says to do. Person B sees the linkages and understands that to reduce costs/losses, increase profits and support the process, you need to understand something the person beside you never will (for whatever reason).

In some scenarios, you merely need to go the other way. Other times, be more selective.

Because of the silly misconceptions out there about Win strike rate, people seem to think that once you've 'got your strategy' you just turn it on and away it goes, remaining unchanged. Silly silly silly.

There are many trade approaches that can yield a 95% plus SR, consistently, across every market. But you won't find too many on the internet and fewer still where someone is being modest about it all.

Here is MY definition of Consistent:

Something that has multiple contingencies that work WITH what makes things happen.

(One-hit-wonders don't count here. Same goes for 'robotic thinking' = Place 100 trades and you get X% win SR.)

THIS is the ONLY definition and approach I have ever found that creates transparency for the person as to their reasons and motivations for being involved and thus a more REAL ROROI. "Making money" and "it's all about the money" as a motivator is for chumps or for people with very little foresight. People who do not understand this world and the concrete ideas of civilization that permeate their lives.

It's your contingencies that determine what you keep ........ FOREVER. Not you win SR. NOT what some fool says on some forum but "real" real life.

Here's an eg - if someone who's helping you only has a 60% return on risk, how much further can you truly expect to go other than 60% ??

If they're too systematic and not systemic enough, how far can you go ??

Something to seriously consider for your own trading/investing.

Happy trading and learning.


Peter

Peter, how do you feel about Dr. Deming's statement?

Quoting TooSlow

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{image} Peter, how do you feel about Dr. Deming's statement?

Ignored

My feelings on this are clear Too Slow. You cannot have the concrete and tangible without addressing the abstract simultaneously. They go hand-in-hand. There is a relationship that exists there and trying to break it leads to lopsided thinking, as well as issues with one's emotional health.

What's in that pic about Deming is a 'meme', a specialist misnomer of Deming's beliefs. Part of his understanding was about inclusivity, not only the process and one's understanding of what it contains.

Context is necessary to appreciate the broader elements.

What I try to do here can be explained in a visual such as this .....


https://www.youtube.com/watch?v=yVkdfJ9PkRQ


Yes it upsets me and disturbs me to see so many people misunderstanding many things, simply because they operate from lopsided awareness. People are too comfortable with linear learning (that begins in schooling) and this is usually why most here (and around) find this thread either too challenging or useless for their apparent and current needs.

I suppose another way to express this could be .......


https://www.youtube.com/watch?v=GtGNywkxw2U
------------------------------> +
https://www.youtube.com/watch?v=yVkdfJ9PkRQ


I'm not sure if that's what you were after as a response, or needed, but there it is.


So, Too Slow, how do YOU feel about Deming's statement?


Happy learning and trading.


Peter

Deming was involved in manufacturing. That's the context. Back in the 1980's, management was hot on quality. Quality was defined as adherence to standards.

Crosby's teachings were popular. Deming was rejected in the USA but welcomed in Japan. History shows which country's manufacturing was superior. Still true today.

My feelings on this are Deming's quote separates the wheat from the chaff. So many on trading forums like to cloak themselves in mystery so they appear to be the wizards. Ask them to explain price action or anything else and they usually give some bloated reply that boils down to you need to figure it out for yourself instead of explaining it in simple terms. This is what keeps many people coming back. They assume the wizard has something they need to know. In fact, they sometimes pay the wizard 3, 4 or 5 figure sums to listen or attend to the wizard's "teachings" because they believe in the wizard. Complex sells, simple doesn't.

Belief is almost impossible to overcome due to cognitive dissonance.

Thanks for your reply, Mate. CHEERS!

Quoting TooSlow

Disliked

Deming was involved in manufacturing. That's the context. Back in the 1980's, management was hot on quality. Quality was defined as adherence to standards. Crosby's teachings were popular. Deming was rejected in the USA but welcomed in Japan. History shows which country's manufacturing was superior. Still true today. My feelings on this are Deming's quote separates the wheat from the chaff. So many on trading forums like to cloak themselves in mystery so they appear to be the wizards. Ask them to explain price action or anything else and they usually...

Ignored

What I am about to write here is just my input.....

That is A context, "the situation". One of many contexts in play. But the man is somewhat easier to appreciate, IF you look past the story. Deming was more well rounded in his thinking and understanding than his peers etc, this is why he could see what many missed or overlooked. And because of this, some saw the potential and others were too stubborn or proud to admit it, therefore they missed out. This is another context to use to view Deming, his work and his life.

Yes I know that many people are 'on the outside looking in'.

Re: the wizard ...... these issues are easily removed if the person changes their assumptions from "I already know how to think" over to "I recognize that I live by my assumptions and they are usually wrong." In this simple changeover a person can start seeing what may be in the blank spaces instead of constantly "believing" with a "what you see is what you get" way of thinking. Yes I know it's usually easier said than done, but really, it's not. It merely requires the choice, the follow through and repetition as well as gathering a daily understanding of something you did not possess the day before. I think this is also where people mistake "learning something everyday" for 'gaining an appreciation of something more".

And now the simple vs complex idea and the definition of trading....

For me, looking at a situation and using only 1 or 2 perspectives to ascertain if something is simple or complex, is rather irresponsible these days. The world has so many layers to it, that black and white really only cause greater confusion and deeper weakness within a person. Re: trading: for people who think this way, you have door A = The devil you don't know and door B = the devil you know. There is no choice there, no alternative options. Either you get jammed or you get slammed.

What is interesting to raise as an eg. of this ......... A simple equilateral triangle. The maths and geometry has remained the same but more and more people 'do not understand it'. Why is that? Could it be the triangle's 'fault'? Mmmmm no. Is it the language it's presented in? Mmmmm no. So what's left? Hehehehe.

For me, if someone is very naive or gullible, it's because they haven't received the proper learning as they grew up (So this falls square in the lap of the parent/s). Coupled with learning and observing on their own, as an autonomous person, well, that's their own personal responsibility and a necessity for everyone as far I can see.

I know people will/may say that being a nice person can/does mean you would be a bit naive or gullible. But I sense this is just a cop-out. I'm a nice person but I don't use it as a measure of what I know or understand and try to use it as an excuse. A person needs to stop using "what they do know" as a measuring stick for their human maturity and the flipside of this = their ignorance. For me, trading or not, this issue is always present until it's looked at truthfully. After all, trading is just something one does, same with driving a car, and because of this, each one carries its own weight of responsibility while being alive.

As to the definition of trading = Because most people think and believe that "mainstream" protects them, just as those "contrarian thinkers" believe the same about the alternative or sub-level ways to approach things, I suppose it really is a personal choice, which definition a person runs with. For me, I've had experiences that prove that neither one is true. A person needs both in order to improve.

For me, trading doesn't end/stop simply because I "made some money". It runs right through the fabric of everything involved. But that's me. I do it for a living and have done for many years. So playing with a practice account for the first time, is a distant memory for me.

One main issue I see with people is not appreciating that the "extra stuff" tells its own story, gives access to other contexts. So although there could be ways to say/explain something in a simpler fashion, its presentation is not always just to bolster a person's ego or pride, sometimes there are other reasons.

"Trading is simple and easy". Simple also DOES sell depending on the motivator and when the context used is being concealed. The very nature of "sales/selling/marketing". The simple fact, Too Slow, is IF people read that line just written, truly internalized it, there would be no need for being cynical, being neurotically over-cautious and fearful of what is not really there. And retail traders COULD do much better at their chosen approaches.

A person being stubborn,cynical etc, to me, are the same thing as they yield the same outcomes.

Yes belief can be a problem. People believe they have to suffer to learn. NOT always.

Choice. Central Motivation. Truthful Observations. Then make notes on and draw what you have observed and learned. Beyond this point, a person doesn't "need" another to 'tell them what is best for them". Why? Once the layers have been stripped away, their real learning can begin. This process works every time and in every situation because it runs through the centre of our design of how we think, feel and act. To me, this is superlative as it seamlessly crosses borders and barriers that people "seem to have". It's the DOING that is required, it's the sacrifice. To me, if the "teacher" is made of carbon then they are no more than a guide.

Eg. = To anyone who reads this and is a young/younger person than I = Old doesn't mean demented. And it doesn't mean that I will welcome or wantingly tolerate disrespect because now, man's society pushes for the young people to openly disrespect their elders. It PROVES you do not have control of your own mind and are easily "led"...... like cattle one could say.

And for anyone who reads this and believes that "trading" is merely about buying and selling, and THAT context satisfies you, then so be it.

People cannot sit on the fence with their beliefs forever.

For Too Slow .... dissonance of any kind cannot last. From what I have seen and experienced, Life has a wonderful way of forcing us to face that schism. For many people they wait and wait for that one truly horrible situation to present, before they face it and truly learn. This is not necessary. The option is present every day. It all revolves around the layers and that person's chosen priorities. Throughout this thread and the pdf's I have put together, I have shown egs of the layers in different contexts for people to pay attention to at any time.

There are probably LITERALLY a billion things you could place your focus on today, what will YOU choose?


Happy learning and trading.


Peter

Hi Peter, I would hazard a guess your feelings on this "meme" are echoed in your previous reply.

Quoting TooSlow

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{image} Hi Peter, I would hazard a guess your feelings on this "meme" are echoed in your previous reply.

Ignored

Usually what I try to do is put it all in print so that anyone who reads this thread and its contents can see, it's not just a yakety-yak chitchat thread.

Through the years I have come to realize, that the honest truth of something, big or small, IS in fact very easy to say. However many a time, the audience to it being said, are behind the curve of their learning and so therefore, they choose to fill in the "gaps" with other things, that are in fact not real except in their head. I noticed you posted another pic with that same statement now with Einstein shown. Einstein knew that most people live and operate behind their true learning curve potential. It is also shown throughout his life, that he also knew that the idea of complex is relative to the participants involved. So trying to explain something that, to him, may not be complex, is probably going to VERY complicated or confusing to his audience regardless of how diluted he makes his delivery of information .... unless you breach their barriers and push them to learn. I spoke of memes because majority of that stuff online now is just rehashed stuff that has a very target specific context. Admittedly I have used them before to show something or to make a point, but always with the knowledge that they are hyper-specific.

ALL of "this" re: this thread etc, to me now, is not so complicated or complex, because I spent years developing my knowledge base and understanding so as to learn instead of just carrying a plethora of information in my head. To explain something to do with such a large process in such a simple way, can easily be done. However, every time I have tried, it is met with immature reactions that don't give any of it a second look. So it becomes easier to quickly understand the audience I deal with who respond this way, leaving no option than to put it in print and hope they come back to it at a later time. I have found most people cannot accept that someone else knows something they don't. Ironically, they like it even less when that person tries to share it.

So, simple delivery or not, it really comes to the person who reads it if the deliverer uses several approaches to explain it or pass on what they have learned.

For real learning to occur, genuine synergy needs to be present. Man made processes of learning do not achieve this so it's necessary to do things differently.

Some things cannot be done using a recipe style, scientifically driven approach and process because it restricts the freedom of learning and observing.

Nothing I have ever said here on this thread has ever been personal, meaning, I never ever gesture any personal attacks on someone. I merely offer, as I was offered, a real to life interaction where a spotlight is shone and the fake person is offered the chance to be more real and the real person offered the chance to learn and I have tried to do it without prejudice.

So I suppose, in simpler terms, something can be offered, but if the audience is not ready for it, then they rebel and find ways to push it away.

The hilarious thing is it's not me "making it all up in my head". It comes from living Life and paying attention and not merely living for one's self.

Part of the real life problem that I have witnessed over and over again, is most people have false anchors to Life. They try and use politics or religion or family to satisfy this need, but it isn't working. Their heart and soul aren't in it.

Anyway, I hope this reply finds you well and it clarifies some things for you.

Happy learning and trading.


Peter

Someone asked me, "Above everything else, what do I consider to be paramount in trading or investing?"

There are many contexts to this but the simplest one to respond to would have to be ====

Direction + Follow Through.

And they asked me about money management.

My response =====

If you don't know up from down, then you are going to struggle for a long time with any attempt to trade, invest or even learn basic management skills of your finances.

If you are a poor performer of direction then you really only have one option - go non-directional. Set your limit, to buy and sell, and wait. Let the market you trade decide what it will do. And you just go with it. Do it on one instrument or spread it over 2 or even 3. Plain and simple. Or you can trade tox's.

What are tox's?

They are the "inefficiencies" or 'problematic characteristics' of the market and/or your broker, depending on your perspective.

If done well, they can return healthy %'s. Again, these are grossly misunderstood and defined because of the hoo-haa online these days.

Then there's follow through.

Some call it back building, or momentum. Others call it smart money starting it off then comes the dumb money later on.

Seriously though, it matters little what you call it, as long as you understand it.

This same person asked me why I didn't mention money management as being paramount.

The average person just expects there to be a "simple" answer to this, but, in real life, holding to just 1 or 2 perspectives is ridiculous and counter productive. While MM is important, if you cannot send an order to market with say, 100P SL and TP preset, to allow you to manually trade it, on a practice account first, what hope have you got in using a real life environment?

Many believe MM to 'save their ass' when they're wrong. WHY are you wrong? In what areas are or were you wrong? What have you learned from that event, experience and mistake? WHO did you listen to? ..... who is one of your "peers" who, are your peer because they don't know any better (yet).

Direction and Follow Through...... The hallmarks of consistency.

Getting in before, during or after 'your trade setup' really matters little. Why?

Some people are silly enough to think you need to 'get in' early because your order must "match up" with other people's 'wrong trades'. As a half truth this might seem 'good enough' as an insight or understanding, but in reality it's not. You could be with "the best" broker worldwide yet, IF, you internalize your orders, yes YOU, NOT the broker, then you have effectively GIVEN the broker and everyone upriver a reason to do "something".

Even in the 21st century people seem to prefer cynicism and laziness to using their minds to do research to appreciate the construct of globalized 'way of doing business'. People think "it's the internet" that changed it all.

Accessibility is a tool not a foundation for existence.

So direction and follow through in a specific context, are "preset" when using just one broker to do anything with your trading or investing.

Why? ...... Different ==> liquidity access points, different (or conflicting) legislation, data feeds from data providers and many others.

I could talk about this forever but it'll be better that you do your own research on this so you learn first hand that it's all relevant and true.


Direction and Follow Through. Once again context makes an appearance and shows that laziness and complacency cannot replace real learning.


Happy learning and trading.


Peter

It comes up time after time, that "trading" is about "money/cash" and nothing else matters. I'm not sure if people are getting more stupid, or if they REALLY believe the crap in their heads.

My old friend and I, Jason, many moons ago, did a test to see if this is true.

We asked this simple question -

In the world of financial markets, money and finance, business and life in general, what are the three major themes that reoccur time after time ?

Both new and old traders alike, have and will be asked this question.

For me and Jason, after many hours of discussion, came to the conclusion, that there are only three major tenets that are and always have been common denominators relating to the general context of "trading".

People. Time. Money (In whatever form).

BUT this is NOT where this all finishes. Out of those 3 tenets, which ones are evergreen?

This question is a great way to determine your understanding of both yourself and the world around you.

For us, we determined that the first two are in fact, the only common denominators in Life perpetual.

For some, this might be silly because " you can't do anything in this world without money!"

But I will point out that many people these days are without mind, due to several reasons but mostly due to one thing .... a sheer lack of self respect. Why is this relevant and important? You'll see in a minute.

If you know history, not just the "famous stuff" but the other stuff too, you will quickly note that there were times when the world flourished without money involved in any way. NB - this knowledge is not coming from some goofy-style youtube video but from actually researching and learning something more real that comes from real books of the past. This in itself shows that it has NOT in fact, always existed and is not necessary, unless certain things are sacrificed.

We also did a strange and rather silly experiment, where we put a 100 dollar note on the floor and asked it to dance for us. (We chose 100 because most people seem to think it is 'mighty'.) We closed all doors and windows so we could create an objective area for it. As much as you might laugh at our little experiment, it proved unanimously that the 100 dollar note is just a "material thing", an inanimate item or object and has no autonomous life in it IN ANY WAY, SHAPE OR FORM. Therefore has no power or genuine means of doing anything.

Because trading, on the retail level anyway, generally attracts the type of person who desires money/profits/positive outcomes, I thought it an interesting experiment to mention here.

A lot of people have such flaccid thoughts and beliefs about all this stuff that they forget what came before and how things really are in the real world. And the normal everyday person seems to easily forget that many things have no power or force, if you deny the facade that is put in front of you. Of course for most people who have very little life experience, they don't know how to do this. If this is a stretch for you to accept, take a look around the internet re: trading. Even THIS site ... where it is spilling over with "know-it-alls", "know-alots" and wannabes. Where people have not done their own proper research before being inundated with all manner of silliness by their "peers". And genuine independent research and testing is "affected" social media crap and all the baggage that comes with it.

People and Time.

Real changes do not end up on the chart, they end up in your living room, in your life and in the life of other people.

So for people who are chasing cash, or believe 'it's about making money", you truly couldn't be further from the truth and you've completely missed the lesson.

Any realistic approach to this world will make you see, that any process without first taking a look at the vessel as well as the central motivator, is a hollow and lifeless way to deal with something. And trading is no different. It is merely an extension to the person doing it.

I think I have lost count how many people I've met who will probably go to their grave professing that "it's all about the money".

"Show me the money".

Silly people. I concede, that if you lack basic self respect, then sure, this could be seen as a worthy notion, but really, what we're talking about here is not high IQ stuff. It's just basic.

A simple case of the ripple effect.

People put far too much faith in the modern world as if it's some god or some majestic creature that cannot do any wrong.

The 80/20 rule applies here = 20% knowledge always carries with it the burden of 80% ignorance that is its counterpart. They are inseparable.

To finish off here, I have two very relevant notations to set in front of you .............

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Happy learning and trading.


Peter

If you cannot be your own mentor then you are always going to be at the mercy of those around you. Naturally, this presents a real problem because not all wolves are standing out in the open for all to see. What's worse, is the other type who "want to help" but only go to the mid point of the cause-effect style process, to inject their "help". Some with good intentions but lack any real life understanding of the short to long term effects their involvement has on those around them.

I see no reason to give my kin a fish so they can eat today, when 5 days from now, they will perish because of my absence. What kind of a man am I to deal the final blow to someone in need.

You cannot help someone by showing them "how to make money". All you do is doom them to small thinking and imprison their beliefs and knowledgeable understanding.

Curing symptoms is a fool's errand.

Life's lessons are the same everywhere.


Peter

If you want to do well with anything in Life, do not listen to people alone, listen to Life too.



If you want to do well with anything in Life, do not listen to people alone, listen to Life too.



If you want to do well with anything in Life, do not listen to people alone, listen to Life too.

Here I want to simply and clearly point out to people the difference between opinion, belief and the basic truth of something.

The world is topsy-turvy now, mainly dues to a split that has occurred, between bureaucracy and the general population. One has taken up too little of its responsibilities and the other has been too liberal with its pleasures while the 'guards' are 'out to lunch'.

Here is one example that everyone today, needs to pay attention to and fully understand and appreciate.

A basic staple of people's lives is money. More specifically, their bank account. Whichever type. What I have observed over the years is a complete lack of knowledge by people that connects to a bank account. Most people assume their money is "their money".

Here's a link that can help you appreciate what is.

https://demystifyingmoney.com/money/who-owns-the-money-in-your-bank-account/

Now, after reading this, you might say "so what". Or you may not believe this. For most people they never EVER read the PDS (Product Disclosure Statement) when they open a bank account. Now please don't be one of those people who is very naive to believe the bank is going to actually put in writing that once you give your money to them, it is THEIRS to do with as they please....in those exact words. Although, in more flexible contexts, this is exactly what it says, in its own way.

Why is this important? This is not about creating a panic or stressing out anyone who reads this. It is about showing the thread in society that is connected to that knowledge.

In this world, physical or not, context is relevant and very important.

To learn more about context and how it applies, please view this video .......

https://drive.google.com/file/d/1yL1mTvOlHM2UljT2rcJC6mMG09nSpp0v/view

Re: bank accounts = Someone asked me yesterday in fact, "if this is true then what can someone do?"

From my perspective, if you want your earnings etc to actually mean something and truly be worth something, you must learn to transform it into something more real, more tangible. But I'm not talking about houses, cars, holidays etc. I'm referring to something more substantial, something with more meat.

One example of this could be - furthering your own or your children's non-schooled education.

What is that?

It's what I would call real life education. Beyond school, beyond your peers and beyond the usual stuff. It's the stuff your parents should have taught you IF they themselves had learned it properly to then pass it onto you.

Overall, I've witnessed that this in fact has not been happening for the last 200-300 yrs.

The rise of industrial and post-industrial society has interfered with this process. So most parents have less and less to "teach" their children, that does NOT revolve around making money or gaining a career or having a family. Whether you wish to argue as to this being deliberate or not, is generally irrelevant as it HAS been happening, either way you look at it. So arguing will not help.

So if all you do is make money to then spend money or "save" money, you end up in a vicious cycle where "more money" simply can never solve the problem.

That problem requires a totally different way of thinking. Something probably 99% of the pages on this site and others like it simply cannot provide.

To some people that may seem "arrogant" or conceited, however, it only ever requires a proper test to see after say, 100, or even 1000 or 10,000 situations, which way of thinking is going to provide more than just a single potential positive outcome.

People's attitudes towards their bank account is the same as their attitude towards their trading and profitability. They "listen" to stories and chinese whispers far too often and never learn what REALLY needs to be learned.

But even after a short time on this site, I have experienced and witnessed a great number of situations that could have been resolved quickly and easily, if the person/s were willing to learn something instead of waste time.

People usually assume that what will affect your trading will happen on the chart or "in the news". "The trading world" is a category and nothing more.

But what I have researched and found to be true every time = there are in fact NO spectators in human society or civilization. You can sideline yourself for a while but the ripple effects always reach you.

To those people who believe being stubborn or opinionated are strengths, you'd very, very mistaken.

Things in this world are anything but "the same old, the same old".

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Happy learning and trading.


Peter

Good one, Peter.

Who owns the money, you or your broker?

Cheers!