Attachments: Objective Thinking And Trading

Objective Thinking And Trading

#401
Nov 25, 2022 10:58pm Nov 25, 2022 10:58pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

WOW !! Right now, all I can think of to say is WOW!!

It befuddles me how so-called experienced traders, when forced to take off their "trading hat" and address some basic, real life issues, seem to very quickly and frequently, fall straight back into specific mindsets and views of everything. As if that is going to protect them.

I know that most people around here don't "like" what I say. The funny things about all this, is it's not a popularity contest or "I like you, let's be BFF's forever!". To me, it's as if they have fallen head first into a deep water well and have no way of climbing out. No foot holds, no ladder and no safety rope. They've just accepted their position and can do no more and be nothing more.

With many changes happening in the world now, so many people trying to find security and comfort in what they think they know.

Gone are the days where real true blue common sense would lead the charge in decision making, whereas now, today, "if the technicals say X and the 'other' technicals' say Z, then it must be so".

I've just finished watching a couple of videos from someone who's talking about trading "stuff" and WOW !!!

I've said it before and I'll say it again ......... sites like these do not harbor or present real traders. No matter how convincing they are.

Any tom dick or harry can yack on about the 'technicals' or the 'latest figures' etc, because that is what you've been TAUGHT to do.

"That's how Person X does it so that MUST be how it's done."

Bells-n-whistles.

It REALLY is fascinating just how gullible people really are. Especially the 'I know how to trade" people. Usually the ones who think they're at the top of their game.

Pssssssst ...... here's a little secret ......... 'retail' ANYTHING is a belief system ... nothing more and nothing less. So people who believe SO little of themselves, leave themself open to becoming a would-be trader who gets shuffled and corralled and shepherded.

FUN FACT - The Old Ways are still in play and in action today ..... even with all this silly high tech stuff. People are still just as gullible, cynical and counter-persuasive as they've ever been. Even more so re: "trading".

Here'a a quick fact of Life I want to share here ..... The more (eg.) practical and pragmatic a person becomes, the larger their blind spots.

Why? Anything in too much succession and without proper moderation, is harmful.

It's quite ironic really ........ the very thing that people OBSESS over everyday, when trying to "make money" with "trading", is the very thing they have little to no control over..........

Electrical interactivity. Hehehehehe ....... that's RIGHT !!!!

So all the posturing and convincing arguments in the world cannot deform or hide that simple little fact of all things "modern".

Still today, IF I WANT TO, I can call up a broker I use and place my orders in. Isn't that funny !!!!! I think it's funny. Why? Because people assume it cannot be done and say things like "daaaaaaah ..... doesn't work that way bro".

WOW !!!!

SO I ask YOU ...... WHO are you listening to?

In response to one of this person's video posts, I raised specific issues that present everyday, describing the basics in enough measurable detail that anyone reading it would determine the obvious merit and usefulness. What's fascinating about people, is they don't like being told the truth. The basic, observable, learnable truth.

Eg. - "How to protect against a Black Swan event?" was one of the considerations.

Here's how a retail trader thinks ----> Measure this and that, calculate the X then the Y and finally the Z. And then stick your head between your legs and kiss you ass for good luck....... after crossing all your fingers, toes and even your ass cheeks. Sound familiar? Using THIS approach you KNOW, deeeeeep down you are gambling you just don't have the backbone to admit it and to make it worse, you believe you can control what has NEVER been IN your control.

NOW .....

Here's what a real trader does, in light of SPECIFIC real world understanding ......

We have, beforehand, already designed and pre-arranged a 'scenario tool'. that deals only with 4x and 5x circumstances. What is that? "Retail Traders" alike rely on 'normal/usual market conditions' as their compass because, mmmm well, being honest here, the way they operate and track what they trade, they truthfully have NO CHOICE than to be at the mercy of the market and its 'mood swings' or delights. Hence all the talk talk talk about everything superficial "about trading" ( WOW !! SOOOOOO much talking!!).

In simple language for all you cage fight lovin' tech "saavvy" people - we want it to happen. We are ready for it and watch for it and want it to happen. Why? Firstly, 10:1, 20:1, 30 or even 40: 1 returns ..... for doing WHAT?! Watching waiting and being prepared. Being organized. Seeing where outsiders demonstrate concern or support. Looking at eg. stockpiles and Indebted inflation and most importantly - using common sense. It's not rocket science. It's real life.

If you KNOW big things happen, and you know there's ALWAYS a lead up, do you run and hide like little johnny, or do you do what you were there to do?

From day one of landing on this site, I've said it.... It's THEIR game not yours so STOP PLAYING it and learn something.

Another example - Options with Index models.

Time allowances and preparatory pricing that usually points to HOW and WHEN then look at the "motto" of the index for the WHY. Is the index itself over budget'? Indices have budgets. "How long can constituent X continue to underperform? .... And what is the parcel of the constituent?" Parcel = What good does it bring to the party? How is it doing in its own sector? How is it managing its debt? ... and is that working? If you don't know why an index IS an index then either learn or step aside OK. The rest is in the conditions of the contract and the spacing of expirations. Pretty simple stuff. Oh and you have to know up from down. Hehehe..... gotta hit that BUY or SELL button.

You want respect ..... earn it.

People ...... the information is out there. But most "prefer" to watch mindless crap and then still expect respect for choosing to be a dumbass.

I can only speak for myself here -- I can tread water for a while when I have to, but, I cannot tread water indefinitely. So there is a limit to how much BS my ego can come up with before reality hits me in the head. So at some point you have to get serious and get real.

So what does that say about a person and people? What does that say about their intelligence, their knowledge and know-how?

Some might think I'm on some ego trip. If that's your thinking I suggest you go back to watching TV and let the adults continue talking.

Apathy without consequence does not exist. And over-active confidence doesn't either.

What's fascinating to me anyway, is, most people are not aware (or merely don't bother thinking about) that with the push of a single button, their accounts would empty, their lights would go out and the cell phones would inevitably lose battery power and shutdown. No I'm not talking a nuclear bomb.

Q - How do you think "trading" was done back in the 1900's ? Or doesn't your memory stretch back that far? Or perhaps you're a newborn and came into this world post year 2000?

Consider this for a minute or so. If your brain goes straight to the "technology and communication department" of thinking, searching for the answer, then you have missed the point of this exercise AND, you have now proven you do NOT understand trading.

Try again please.

If you're an information junkie, then you'll never understand it and inevitably, you will 'lose'. Why? Because you definition of 'losing' is not the only definition that matters.

Come close. Good. Come closer again. Good. Now take one step closer. Good. "Now I've got you right where I want you."

Burn this quote into your brain and begin to try to see that trading is an activity, no matter how serious or successful you are or pretend to be.

Once you start picking and deselecting what is relevant and important, you've just created your own blind spot. And like a cancer, it only gets worse from there.

Learn or don't learn.

Happy trading and learning.

Peter

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Real Trading is not gambling.

#402
Edited 11:23pm Nov 28, 2022 11:07pm | Edited 11:23pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Due to the fact that this thread is not about here say or theoretical ideas, it can be very off-putting for people.

And, due to the fact that most 'aging' traders and investors I know or have known or met, do not usually gravitate to these kinds of sites, it feasibly becomes more and more clear, what kinds of people are attracted to these sites.

My grandson, 29yrs old, last night, asked me about work and work ethics, integrity and my own trading.

His question was this -

"How do you do your work when so many other people do things so differently?"

Generally, this is what I said in response =

It's a good question because most people 'around' are very quick to dismiss the obvious, the truthful and the simple in the appropriate contexts, usually because it's "inconvenient" or "uncomfortable". They assume a person has to possess 'inside information/knowledge' or "know something" they're not sharing, to appreciate what's in front of them. And, I'm afraid, most people live in a stylized fantasy world where their opinion rules over everything. This is part of the reason why older, more experienced and knowledgeable citizenry of society are quickly and easily cast aside, disrespected and dismissed... usually because all levels of real intelligence do not become real and usable until the person, does something about something they never asked for, never agreed to and never "bought and paid for", so there's no automatic 'return policy'. To deal with this and all of the ongoing issues that present, you have to deal with what's really there. Theories and stories cause further problems.

I then showed him this site's main landing page and asked him to locate the 'Trading and Personal Psychology' section. He couldn't find it and asked me why there isn't one.

I said this -

The general public are made to believe that "special people" with "special information and knowledge" are the only ones who can enter into and deal with the Human Psyche. Of course, throughout history it has been well known that this is complete rubbish, but, for some reason the general public chooses to continue to believe in societal compartmentalization. A man made invention that is flawed to its core. People spend more time being told what they should do and think and believe and accept, and so, naturally, they overlook the obvious basic truth sitting at face height.

For me, I was shown this early on and realized that if I want to make a career out of trading, I need to be truthful about everything I can.

The most important lesson I was ever taught by another trader/person was this = Learn about and come to understand and respect common sense. Then you will learn there are many "versions" of common sense, but only one is ever-present in the money markets. It took me a while to really think through this, and it was at that point when my mentor said this to me - "You're thinking about it when you really should be out there observing the versions in action."

So I did. And quickly I realized that I too had a version of common sense. So then I went back to my mentor and I was so excited to share what I'd seen. Then he asked me "So what did you see behind all those versions?" I paused, then said "People". He then said "And?" Again I paused. "I don't know" I said.

"Sure you do" he said. Think more basic, more obvious.

It was so obvious. "People's psychology." "YES!" he said. "It's what drives everything man made and operated. Without it everything man has created or made would come to a halt."

I then explained to my grandson, just as my mentor had done, that behind the psychology is the more primal and primitive layers and this is where the general public are misdirected and 'managed' by laws and rules.

"So why do YOU think so differently grandpa?" he asked.

I said -

The only thing in Life you will ever have ANY success at managing and controlling is yourself. Sure people will always try to persuade, con or convince you of many things, but lively common sense needs to be there to help see when someone is trying to take advantage of you or force something onto you, especially when they do not really appreciate what they are talking about or, do not see what's beyond them. So for me I learned that your longevity in something is not only based on survival, but seeing where your personal control and management really begins and ends. Most people do not do the searching and researching into the financial system to respect what it's all about. They just 'want what they want and want what they want'. Meaning, they expect to do zero research but then expect a good result from being lazy, stupid, poorly prepared. I learned that most people have disgusting habits of thinking and behaving and this deeply contributes to their downfall. To continue to do better than the markets I access and trade, I learned how to undo most of my unhealthy thinking and behaviors. Pure and simple. That is the "secret" if you want to call it that. Any idiot can push a button to buy or sell. They've trained animals to do THAT.

People these days are soft and have disgraceful standards, so it's no surprise they appear weak and easily manipulated.

"What do you mean by that grandpa?" he asked.

Much of it comes down to personal integrity. I'm not some jarhead gambler, so automatically, my standards are higher and then steps are taken to insure that this never changes. Most people rush in but never check 'under the hood'. What USUALLY happens, is they jump in, find out they cannot swim, then try to put a band aid on the issues as they come up. In the world combining money and people, it's not only pointless but it's probably the most ridiculous and destructive thing you can do. Doing it this way, a person is not getting better, they're just making the real problems worse by piling more crap on top.

For me I learned that your basic idea of thinking does not come from the activity but from you. So if this is the case, then you can change. Most people are insane if they think or believe they can halt Life's changes. Some people spend their entire life trying to control change. Or worse, try to "adjust" to it as it happens. You try doing your trading in that way, you're ALWAYS going to be behind that eight ball !

Frustration, feelings of despair and fear of failure or success, always stem from "too many band aids piling up". There is no shame in wiping the blackboard clean and choosing to start again but this time from as many different perspectives you can muster. Don't ever believe the "advice" you read online unless it talks about it all in this way because most of it does not deal with the person as they are designed, it's usually fairy tales. The simple and main difference is this ... chasing affection and or attention is fundamentally the same as chasing and reaching a goal or achievement, however, real achieving is authentically attained by learning and no other way. This is why most people these days externalize these 'chases'. They do not know how to learn. Instead, relying too heavily on "monkey see.... monkey do."

And this is why people sometimes need to hit rock bottom in something in their life, before they realize the path that led them there. Foresight, just as with 'fight or flight' is available at any moment. People who believe what society life has ingrained and entrenched in them about themself, is what stinks up the joint. "Power to the people" would be poignant to say here as people do not see that the whole world is a 'marketing stage' and they are the dunces being pushed around ...... merely because they look away when they should be looking attentively at everything that is there.

So, you ask me why do I approach it so differently. It's not really 'different', it just hasn't been freely delivered to everyone, as many market participant's "edge" is the people's absence of learning, not information. They choose recreation of leisure and the activities therein. But fail to see the big picture and so personal standards remain low. And true results speak from there.

My grandson sat quietly for a few minutes then said to me "Ok, So I get that other people don't do it like you and they need to learn more. But what if they want to still do it (their trading etc) their way?"

Now I paused for a bit.

Then I said this ....

"What a person needs to face, is the design of how a person exists and lives. Ignoring their verbal language and physical location etc. A simple analogy is this - a person speaks english but never learned the letters D, I, Q, and H. Immediately you can see that their ability to say something, write something and even think in english is greatly reduced in quality and capacity. Now place that person on a website about trading that is in english. They will struggle in every way until they learn to adapt and by learning. It's no good someone giving them their strategy or chart to use if they lack any way to translate Life through the process of learning. It simply won't make any sense. This is why an activity is never responsible for the person. The person needs to learn what is needed. Doing what others do is a minor way to learn something. A more even keel way to learn is to explore on your own."

"Does that make sense?" I asked him.

"I don't really understand how a person would help themself with all this."

I replied with -

"Begin with the assumption that you have been wrong about yourself this whole time. And then every single day make a list about you - who what when where and why. Use observations of yourself and others as references while practicing to reduce your focus on your assumptions, your preferences and your dislikes. The mistake people make is in trying to train new habits into their life while ignoring the deeper issues. So being as honest and truthful every single day is the only way to do it. People frequently try to cheat and it's easy to see when they are, because the key markers or sign posts are always the same for everyone. A situation that is considered a small problem is equally present on a larger scale and so, real solutions come from looking at real problems. Cheating is when a person attempts to arrest the big problem so they can try to isolate the small problem, believing they can control/manage the small problem without understanding they are really the same thing."

"Eg - "I have money problems so I need to make more money to solve the problem." Since money is a thing and an idea, it HAS NO preference or personal attitude towards you. Therefore it is not against or for you. That only leaves YOU. Therefore the problem did not begin with a lack of money. It begins with you. The principle is the same with trading and all other activities."

"As I said, people are too invested in what society says instead of just wiping everything away and seeking to observe the real and basic pieces that exist on the very first level of observation. Eg, without the person, there would be no society. So, when someone wants to trade or learn to trade, they have to know why they are going to do it. Most people are artificially confident about what they know or can do. Even so-called experienced traders/investors get blindsided. Their turning point, however, is not because they reach for some cockeyed self help book, or what flaky fakes like Oprah say or recommend, but through real learning that always begins with the true basics. Why? The basics stay with you and become part of you. The problem is, as I also learned many years ago, people want their dessert before eating their meats and vegies. There's you and there's 'the trading stuff'. Everything else encircles your maturity towards money. But that there is another subject entirely."

I dare say he'll have more questions and that's a good sign of learning. I hope you the reader found this helpful.

Happy trading and learning

Peter

Real Trading is not gambling.

#403
Nov 29, 2022 12:08am Nov 29, 2022 12:08am

bluesteele
Joined Aug 2007 | Status: Trader | 3,207 Posts

Quoting PeterCaleb

Disliked

Due to the fact that this thread is not about here say or theoretical ideas, it can be very off-putting for people. And, due to the fact that most 'aging' traders and investors I know or have known or met, do not usually gravitate to these kinds of sites, it feasibly becomes more and more clear, what kinds of people are attracted to these sites. My grandson, 29yrs old, last night, asked me about work and work ethics, integrity and my own trading. His question was this - "How do you do your work when so many other people do things so differently?"...

Ignored

Excellent post Peter... As I always say "'Its you vs you" not you vs the market or anyone or anything else. Trading is very much a self development business IMO.

Cheers
Blue

Master your Mind,,,Master the Market

#404
Dec 2, 2022 10:44pm Dec 2, 2022 10:44pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

This morning, my friend and I were looking over the following page here on this site ......

https://www.forexfactory.com/gepards/205573

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It was generated by someone who thought it was funny and clever, not to mention just a tad bit slanderous and disrespectful, who still, has not removed it or made any mention to resolve it.

But John, my friend, pointed out there are stats on there that really have little or no value in real life. Of course I know that, but most people love to suck at the teet of things they don't understand and don't know any better and call it valuable .... such as trade explorer, fxbook and all those silly things. Of course telling someone they're using something that is rather delusional and unrealistic doesn't usually go down too well.

Instead of nitpicking this page that this gepards setup in my name, I will share with you the basis of real life through the eyes of real trading and investment.

= Real trading does not build a foundation from 'statistics'. If it did, you'd be a "statistician" not a money-time trader/investor. Stats are like a water bottle for a marathon runner .... helpful but not where everything starts and finishes.

= 'Number crunching' does not equal healthy trading and investing. Most so called experienced traders etc I see 'around' are using the casino gambling models that have been popularized and polarized in recent years and decade/s. This is not trading and investing. It is timbuctoo gaming ....

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The premise is simple enough to understand - have "fun" while you play and profit.

This is not "an opinion OR a fact". It is an understanding standing over an awareness. "Fools rush in .... even the smart ones".

= If your brain/head does not function well, then anything will appear useful and appealing. It will never matter what I say in response to that page of stats existing.... except this ...... each to their own. Stupid inept 'people' will fall for and believe anything and everything, if it's on a web page. It's not proof of my trading but of theirs.

= If you will/do earn some form of capital exchange from your trading activity, then of course it is wise to investigate the rules laws and taxes involved. I think this one is self explanatory.

= Real trading doesn't access "all the trillions of dollars" that are exchanged/moved as many "believe". I know others talk about this, but unless you get off these silly sites and actually go and investigate, independent of what "others" tell you, you will forever fall victim to "their thinking" and limited view of everything.

Some monies are exchanged and noted but cannot be accessed by "the general public". So it's important to field test your interest size of orders ..... from when you begin through to when you reach a point where your size allowance is beginning to plateau out. This is a good indication that the eg. - time of day, the broker or the designated liquidity will not allow for further exposure. This is why, when I have spoken about leverage, hopefully you will see that fear of the unknown should never play a factor in your trading. If it does, you will forever be trying to squeeze the stick in one area eg. 'time in trade' down to the microsecond, believing that it is possible to outpace that which you do not control. My suggestion to most people, experienced or not, would be this - start with a 50% likelihood in your mind. Either it goes up or it goes down. Why? This is more truthful and realistic than "coin toss" rubbish or Win Strike rate ideas. Self mutilated statistics won't save you or your money in the long run. There are several ideas about speculating/gambling that DO in fact relate heavily to some games, however, trading is not one of them. I would challenge the trader to look again at the entire situation and then ask questions of the things they HAVE NOT identified yet.

Years and years of allegory, analogy and metaphors, along with real life stories and testimony, have floated around to do with all this stuff, add on top of this .... it's the 21st century now .... you'd think 2000 odd years would be long enough for people to learn something, surely.

= Real trades consist of real knowledge. NOT facts and stats. Indications are great, but, what IF, your analysis is wrong. I mean WRONG !! Not by a little but A LOT !! As I have said before to people, the closer you look and then remain too close to the activity of a market, you less you really see. Sure the stats and information makes one feel "empowered" but remember, KEEPING your money IS THE name of the game, not bragging rights about "how good" you are. Not how many "PIPS" you make but how you go about KEEPING what you've earned. That has nothing to do with buying stuff or paying for stuff with your earnings, it is all about the translation from systemic to non-systemic. Something too many people ignore, dismiss or simply know nothing about in the real world. This is the intention of real trading and investing, not speculation. Of course there are many roads to establishing your work setup, however, the moment you start obsessing over just one area you have strayed from the real goal that clearly eludes most people. Most people seek 'profitability' but fail to understand the landscape.

If all you can afford is say, $1000 USD eqiuvalency to get started with live activity, then STOP, put down the money and now go and do ALL the research you can, to find out how to NOT think like everyone else. You have begun with identifying what you are willing to let go. NOT LOSE. But merely separate from your activities of daily Life. An important step and a good one to move forward. Now it's time to learn the realities of the game afoot.

= One of the most important areas of your statistical evaluation is not something you will find on that page I mentioned earlier. It's probably not even something many people even consider. Your time. Let's be clear here - this is NOT 'time in trade', it is your time. For most people they spend and waste days weeks years even, working at 'trading', but fail to see that your time is more precious than any profit. So, if you are not factoring it into your 'profitabilities' then you are in fact gambling. Money you can get back in your hands, time you cannot. So it's important you establish the correct understanding of Time.

What is you time worth?

Simple Basic Example. Average person COULD live for say 100yrs. So that is what we use as a gauge for your approach.

Average cost of living per annum (in whole numbers eg. 30 000) / 100yrs then multiply by 12 months.

(30,000 / 100) x 12 = 3,600.00 per annum goal. A good starting point as an after tax benchmark. Very achievable and realistic.

Although 'costs of trading/investing' are relevant and necessary, if you were to exchange this ACOL (Average Cost Of Living) in this example for the figure relevant to your own location of living, then you now have a realistic imprint on what is necessary for your trading activity. As I have said many times, when a person tries to play god with all this, you are bound to forget something important.

It is inevitable that you, the trader etc, will need to access live market activity to determine what the real world costs and expects of you. But don't be too hasty to get bogged down in figures. They're only part of the game. And that is what tax accountants are for. It is your job to determine what area of the global markets will satisfy your needs.

"Earning a living that is not yours", to me anyway, is not very appealing.

Every market and asset class has differing requirements. Your job is to learn not to follow the tail coats of others and learn what is expected of you.

For some people they merely get a good feel for a class or instrument and that is fine. However, the more important element to look at is - what is the current and projected state of the world overall. Let's not mince words here - stupid people expect the status quo to remain unchanged yet cry bitch and complain when things DO change, even more so when it seemingly works against their current situation.

Instead of being honest with themselves related to other people AND, be truthful about all things outside of them, they choose to tell stories and become the victim. Things don't JUST CHANGE in an instant in this world. It usually takes a lot of time and this is good news for people. There are always indications that something is coming. But that is not helpful for people addicted to the minimum amount of the worst kind of information available...... price charts and opinions.

People seem to have this 'entitlement expectation" surrounding trading etc. but fail to realize that you're entering a world where naivete must become savvy, where gullible must become aware. People who are cynical or over confident are always the worst affected because there is some area of themselves that is not being honest and truthful. It's TRULY fascinating how many people argue this is all "bullshit" or "weird" yet when it's all come to pass, the simple obvious truth is revealed.

If you are honest about where your strengths and weaknesses sit when dealing with figures, statistics and money, then you are far ahead of most people. Because most people don't even realize the politics involved in it all. When I say politics I'm not talking about the talking heads and legislation.

Choose to be truthful and thorough not right ..... and see what changes.

Happy learning and trading

Peter

Real Trading is not gambling.

#405
Dec 2, 2022 11:12pm Dec 2, 2022 11:12pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

"The person who is watching the horizon is waiting. And the waiter is looking at what is coming, while the over confident fool snarks at the idea of looking for what's not already there. Yet the waiter is seeing what is coming and the fool drinks his foolishness like an old vintage wine."

Trading or not, how fast could you adapt to what has not already arrived?

Trading is about Life not just all the silliness people think is so important.

So how heavy are YOUR assumptions ?

Peter

Real Trading is not gambling.

#406
Dec 8, 2022 7:56pm Dec 8, 2022 7:56pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

I was asked a few days ago, about trading and how to start. I know I've attempted many times to share with people ways to get started and here's another one .....

=> You can either ...

- go online and spend lots of wasted time running in circles after people who really don't know and understand more than you do

- go and sign up for 'mentorship' or a 'course'

- come to know the truth about you and other people merely by reading what others 'say, write and talk about'

- go to youtube and suck up to someone there in the hope they will teach you

- go to college or university and complete a degree in commerce and or finance

- go and use some time you have to study real history

I find 'modern people' of all ages, to be resilient ... but in the wrong direction. They usually try everything possible to not learn what actually would make an enormous difference to themself and their overall knowledge and know-how.

I see people from many walks of life on these sites and they all have one thing in common ...... they possess some modern information but it possesses no backbone to help them understand the money system, the business system and the collateral system they are trying to "get a piece of" through their trading activities.

For many years I have used a simple and effective means to determine if I would 'park' my money with someone.

I simply ask myself the following question ..... "Would I trust this person's knowledge of society and money?"

I have found most people to have a clear lacking in the area of history and particularly in the area of money and business. Now it's understandable that many do not have a degree in business or finance or economics, but one thing is always accessible to everyone to learn for real life..... history.

Doing a simple google search right before writing this, I found these ......

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Its writings will engage you in the areas of money, politics and society.

"So what?" I hear some people say.

Well, seeing as many are obviously too dumbfounded to even pick out scam artists, wannabe's etc from any sort of lineup online etc, it falls upon common sense once again, to show people how to actually learn and not just 'do what others do' in the hope of 'finding gold nuggets' amongst the pig shit ..... and ultimately to stop seeing yourself as part of 'the mob'.

IF you take THIS "course" of approach and thinking you will learn SO MUCH more than other people who still have not learned 'how to read between the lines', because they're still in the mode of 'informational obsession' and "what's his secret?" types of thinking and means of inquiry. You see this a lot with people who argue over whether fundamental or technical analysis is better, or, whether scalping or swing trading is better.

As I have said many times, a real, real to life trader, is very hard to find on these sites and 'youtube' etc. Why? To be honest, from what I've seen already I could grab a handful of dog crap, wipe off the grass and dirt, stake a "Buy and Sell" sign on top of it and people would somehow think it's a new strategy or idea. Unfortunately I wish I was joking here. But as someone who has been doing this a long time, I can tell you that some things have NOT changed AT ALL.

For example - people's personal standards and their knowledge base of something BEFORE getting involved.

The psyche of the society which bore you, is extremely prominent in all aspects of Life. Therefore it's very important to learn about it and from it. To ignore this is just plain stupidity and it shows you are not ready to learn beyond your own opinions alone.

So the next time you come across someone on these sites talking about "their eeeeeedge" and "what they knoooooow" you could help yourself by looking at things from a different position.

It's funny when people want to argue over the "tools" they prefer to access or use, or worse, they want to justify "its use" .... as if they really have any say in whether it exists in their circle of activity or not in the first place. Go do some research into metaquotes and its history, go and search out trade station and others. Go and practice reading INTO history instead of treating it as if "being at school" with the attitude of a silly kid.

** "The mob" is disrespected by the establishment because "the mob" has very low personal standards .... and we're not just talking about hygiene here. People use their time VERY poorly yet do not expect there to be any repercussions for this.

I will say it again so people learn what needs to be learned, just as I had to learn it .......

"The accumulation of many subjects and their detailing inside a small space and its time has ALWAYS existed."

Most people just seem to prefer to hold onto their pathetically immature attitudes but then wonder WHY, "Life isn't going so well", "Oh I hope the next generation does better than us" and on and on it goes.

This in part, is what the upper echelons in society don't really want people to learn. Why? It would recast the stage for everyone to see how weak and vulnerable they really are.... on BOTH sides of the coin. If you will come to learn that 'withholding/omission/misdirection" are actually more powerful than "knowledge is power" blah blah blah ..... then, you can also learn that certain "pieces" throughout history have remained unchanged and unweathered.

Try giving knowledge to a pigeon and see just how "powerful" it feels.

I'm afraid most people I have come upon just do not see what is right in front of them, even at the best of times. Now ..... why is that?

Oh yes, it's covid. Oh hang on, no wait ..... it's the election. No, no, wait........ it's all the porn online! Yes, ummm, wait no. It's not THAT. Uuuum. Oh yes it's coz of that ukraine stuff ! Oh me oh my !!!

Being a 'modern person' who assumes that society's creations, endeavors and 'progress' are their own to receive praise for and feel confident about, is not a new idea. Therefore, it also possesses the very same flaws in thinking and action and therefore carries the same consequences.

This is why the motto of this thread is "Learn or Don't Learn."

"The path of least resistance" for eg., is one of those fanciful things that makes people 'feel connected' or are 'doing the right thing' etc, but truthfully, all you're doing there is relinquishing your own personal responsibility. Faith is useless and destructive when the connection is broken and or false and or blind.

As usual with all this, I have tried to generate a community of points here, for you the reader, as I never really know who will access it.

If you have a life of learning, not just get get get, then you will have a chance to see your personal standards improve.

Happy learning and trading

Peter

Real Trading is not gambling.

#407
Dec 9, 2022 9:49pm Dec 9, 2022 9:49pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

If people were to put aside their assumed intellect for a time and really consider what they think they know and understand, they will soon see that PEOPLE 'created' the financial markets, PEOPLE 'created' money and PEOPLE yesterday, today and tomorrow also, will try to trade the markets.

So I will once again point out to people ......

if you are too intellectual then you will need to learn to be more emotionally intuitive. If you are too emotional then you will need to learn to be more thoughtful and take each step of a process, one at a time.

Does it require work, effort and practice? Sure yes.

Is it really worth doing?

...... Do you want your trading to improve? Well there's your answer.

Real life analytics requires real life exposure to real life. This in part, is how one learns. So if you obsess over statistics you cannot learn. If you obsess over any one area too much you warp your sense of reality and therefore your real life expectations suffer as well.

People who go too far into one area are showing they have a fear of knowledge. I mean real knowledge. Not statistical knowledge. I have yet to meet a trader on these sites who knows how to be truly objective about their use of statistics and their experience. Why? Could it be due to what and how they learned in the past? Could it be because they are resisting to learn something specific?

I have said it many times - Life lessons are usually more helpful and insightful than isolated 'pigeon hole' views on a problem. I do not say this because "I know everything" but through actually learning and seeing and experiencing the lessons it offers.

I see so often an over-examination of the trivial as "important" and the important as "trivial" ..... and yet people wonder why they struggle. Could it be because they have not yet checked their thinking and therefore believe that life is just one big opinion ?

Most people are so very out of balance but do not desire to be criticized for choosing to be this way.

Still today, I see people existing and trying to 'work with' either a 'black and white' or 'all grey' perception and wonder why things are still as they are.

One of the obvious problems, is people do not want to get their hands dirty ..... not REALLY. Most are still looking around, seeking that person who's going to fix it all..... so they don't have to.

It's the same with trading.

So when does healthy perception become obsession?

One answer to this could be - when you stop engaging and start wanting "to get".

Trading is just one activity of all activities in human society, yet it seems to elude to desires but also rallies an effort to deter someone from learning. Why?

Another answer to this could be - when a person ceases to appreciate the entire landscape.

My travels have shown me that people, generally as a rule, are not stupid creatures, but they do choose (VERY selectively I might add here) when, where and how they activate their flavor of stupidity.

So I say - if you're a very scientific person, start engaging in philosophy and the topics it offers. If you're a very "deep thinker" and philosophy seems a natural resting place for you, then seek to engage in the scientific ways to view things.

Why Peter? What's the point of that?

Simple. It's obvious to see that most people have become strangled by their obsessions. And this in turn, limits their capacity to learn.

If I took you for a walk, that started in the epicenter of modern human society and finished with you walking right through the outer gates of human society and out say, 100 added paces, to then turn you round and then take a look at where you've been and what you've observed .... many things would become much clearer for you.

I know a trader who've I known for years. She taught her daughter to do 2 independent trade setups per week, every week. Through the years the daughter has learned many life skills, but, NOT because of profitability and consistency. No.

People get so caught up in things they forget to step back and take stock of Life around them.

"Head down bum up" usually means you miss many things.

She paid attention. She didn't remark on what she thought she knew or what other people said or did. She inserted it into her usual activities of living, to observe and make notes. Without judgment or opinion or any story. And years later, she has found it to be truly bountiful and a great teaching tool.

Something many people never get taught, is that the foundation of your "types" of thinking is what organizes your life. Eg - your beliefs reinforce these types of thinking. And your emotions act as a compass. However, if these are not co-operating then you get pretty nasty results.

What's hilarious is that there are still people today, who scoff at these points. What's even funnier, is when it's revealed to them that it doesn't come from modern "knowledge" i.e. Psychology and Psychiatry etc. No. Something much older and simpler and more whole. I find it both funny and rather disturbing that people can only think in "modern terms of life", yet ignore the fact that life has not ALWAYS been modern.

But there are three main players in contradicting everything - manipulation, compromise (accept standards that are lower than desirable) and 'turning a good phrase' (persuasive language). Yep, these three are responsible for more problems than most others.

Still think you are "too good" to learn how you exist, live and operate?

It's always funny how the parents 'won't do it' but somehow, "this kid has got to learn". Hehehehehe. Startin' to see the disconnect yet?

People and learning ...... a funny topic in itself.

Silly ..... / ......... Stupid "adults" .......... smart children ??!! Hehehehehehe

Citizenry don't want the responsibility for learning, but real learning comes from Life in total, not just schooling. But schooling cannot teach some things. And the citizen "wants" without responsibility or consequence. And "wants" cripple the process of real learning.

So it'll be interesting to see what tomorrow brings.

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Happy learning and trading

Peter

Real Trading is not gambling.

#408
Dec 10, 2022 1:40am Dec 10, 2022 1:40am

TheWolf
Joined May 2022 | Status: I'm Done | 2,577 Posts

What to say, unimpressed to say the least..
As High-Impact Member..

Hahahah just joking buddy! First time stumbling here.. and so far this is looking great. You just gave me so much to read and think about and I thank you for that!
I downloaded that first PDF and will go through it these days, little by little.

Would you suggest first going through the PDF's or this thread?

Won't comment on anything yet, although I might join in the conversation. Hope you don't mind.
I am always eager to learn from the Experts..

Edit: What's your story Peter? Did you start like everyone else and then stumbled on holy grail?

TheWolf

#409
Dec 11, 2022 3:47am Dec 11, 2022 3:47am

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Quoting TheWolf

Disliked

What to say, unimpressed to say the least.. As High-Impact Member.. Hahahah just joking buddy! First time stumbling here.. and so far this is looking great. You just gave me so much to read and think about and I thank you for that! I downloaded that first PDF and will go through it these days, little by little. Would you suggest first going through the PDF's or this thread? Won't comment on anything yet, although I might join in the conversation. Hope you don't mind. I am always eager to learn from the Experts.. Edit: What's your story Peter? Did...

Ignored

- You start where you are.
- The pdf's are merely a compilation of many things I have spoken about or described/explained prior to starting this thread.
- I'm no expert and holy grails re: me and this thread are a mute point.
- This thread is to be thought provoking for the visitor/reader and so I don't care about my opinion or other people's opinions. This is not to be confused with being disrespectful of a person, simply to disengage from the "normal" attitude and weight placed on and given to opinions.
- Seeing as this thread is not the typical "blah blah conversational" space, I would suggest simply to return to post 1 on page 1 and familiarize yourself with the situation fully. If then you wish to speak about anything please do so, with the knowledge that post 1 clearly talks about everything in a clear and present way. The thread is designed to be a place of consideration, investigation and learning and so the usual animal behavior, as seen on other threads, will not be tolerated here.
- Here, it is a space for pushing one's boundaries and seeking to find differing perspectives as an individual and so group think has no place here whatsoever. Therefore what you do with the contents of the space in your own life is entirely up to you. However, as a word of warning, I do not care if, in real life, the person visiting here is George Soros or just someone starting out, shock and awe tactics and the expectation of 'being impressed' have no weight or value here. In this way, you then know "it's not about me Peter" and it's for you to come to understand the basic motto of this thread ..... "Learn or Don't Learn".

So, good luck and I hope you learn something.

Happy learning and trading

Peter

Real Trading is not gambling.

#410
Dec 11, 2022 4:39am Dec 11, 2022 4:39am

TheWolf
Joined May 2022 | Status: I'm Done | 2,577 Posts

Quoting PeterCaleb

Disliked

{quote} - You start where you are. - The pdf's are merely a compilation of many things I have spoken about or described/explained prior to starting this thread. - I'm no expert and holy grails re: me and this thread are a mute point. - This thread is to be thought provoking for the visitor/reader and so I don't care about my opinion or other people's opinions. This is not to be confused with being disrespectful of a person, simply to disengage from the "normal" attitude and weight placed on and given to opinions. - Seeing as this thread is not the...

Ignored

Fair enough! Business only!

#411
Dec 12, 2022 11:10pm Dec 12, 2022 11:10pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Many a time people make the mistake of wanting to just walk in off the street and start pushing buttons .... because in their mind, that is what trading is.

Each week, I look around many places on and offline and I get very disturbed. If you were to compare todays' definition of trading with eg. 30yrs ago, I think many people would be forced to reassess their idea of what they "like" to call things.

If someone asked me today about this, I would have no choice but to say "First, stop thinking or believing the world revolves around your bedroom/office/den". Then I would need to ask them what they know about real life. Real life according to real life.

Let me ask you this -

+ "If your income is more than your routine debt's repayments, what do you call this?

- Solvent.

+ And what if your debt's repayments exceed (more than) your current income?

- Whatever answer you give here is wrong/incomplete, plain and simple. IF you can get past the initial feeling of being insulted or offended, then maybe you can learn here. Next, go and read this page as a warm up .........

https://www.investopedia.com/ask/answers/063014/what-considered-high-debttoequity-ratio-and-what-does-it-say-about-company.asp

Now, after reading that, ask yourself the second question again.

What if your debt's repayments exceed (more than) your current income?

Most people "think" as a consumer then "wonder" why different things happen in the world and the markets they trade.

I concur with members here such as Bionics, when he talks about what people think is the reason why markets move. The added query that arises also is necessary to ask - why do people not use the brain given to them?

It all reminds me of that child who was asked "where does the fruit and vegetables you eat first come from?" and the child replies with "the shops". WOOW !!

As a trader you can't seriously sit there and try to convince someone that "the markets" come from that pretty little blip on your device's screen .... and do it with a straight face ??!!!! Right ??!!!

Now we look at people's ideas and definitions of "market participant".

Big small and whatever.

To understand trading it's never wise to follow the laziest in the room. Nor is it good to follow the person who does all kinds of analysis but cannot make a decision when needed. People are so scared to learn something?

WHY??

Now here's another good example .....

https://www.researchgate.net/figure/a-The-changes-in-debt-and-equity-in-Vietnams-state-owned-enterprises-SOEs-private_fig4_334112761

Both of these linked examples give you a peek behind "the action". It's now your job to spend some time seeking to appreciate why this ratio is necessary, NOT "important" but something much more.

In my experience, if you think the chart is the start, then you are treating the trivial as important and vice versa. You've missed the point of the opportunity presented to you. Back when I started, if someone tried to convince me that the chart is all you need, I'd say "OK. You tell me what orders you're placing and on what and I'll match it in the opposing direction."

To put it simply, most guess.

If you do not know and understand the society you are part of, how could you possibly understand what it values, going down in gradient scale and order?

A BIG problem is people just don't want to think anymore. Then you do and will get exacting to what you deserve. This is a Life lesson that has a 100% impact on people and their trading and money activities.

People do not understand that trading has evolved (This has ABSOLUTELY NOTHING to do with external technologies) yet "people" still use naively archaic and cynical ideas about their society and money.

"As a video game, modern trading alone represents a fun filled activity the whole family can play."

So many people still try to play the game given to them then seem confused why other things don't work out.

For example, if your broker is playing hookie with the market you trade, then it's trying to line its pockets while still maintaining eye contact on what the actual market will do and need.

The ratio of ignorance to knowledge is what helps you keep your money. What is the point of boasting about being profitable if you have no contingencies in case something goes horribly wrong?

Some things to think about.

Happy learning and trading

Peter

Real Trading is not gambling.

#412
Dec 14, 2022 8:10pm Dec 14, 2022 8:10pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Here's a question for everyone .......

"What's simple, ever-present and always available to you in your day?

Here's another question .....

"What costs you nothing except a little energy and focus?"

AND ...... Here's another good question .....

"What stops you from learning instead of simply reaching a plateau and "believing" you've worked it all out?"

Answer ...... Observations.

Around on these sites I have noticed people trying to talk about many things that I myself have talked about, as well as others of course. But there exists a problem here. Many people like to jump the gun, wanting to or trying to talk about these things with other people as if they are "an authority" on it. Even I have been seen in this light before. The mistake in believing you've figured it all out, and have "got your answer" is rather dangerous and immature. If you leave no room for the presently unknown, you run the risk of believing you're impervious to damage or loss. This is a fool hardy way to either cause damage to yourself or at least to others for not really understanding the context and content thoroughly.

Now, some might say that with me and the many things I have expressed, explored and explained, "the message was lost". If it is seen this way, it's feasibly because people usually have things dumbed down for them and instead of stretching, they want to stay right where they are and have everything come to them. This is not how real, real life works. BUT it IS how life, for a time, works for CHILDREN.

So it's not lost, it's simply dismissed and put into the "too hard" basket. The truly hilarious thing about all this, is, Life lessons are a very effective way to help, or even MAKE you see what is required. It's funny watching people trying to separate these types of Life lessons from their trading, as if, Life goes away or something, merely because you are "trading".

And actually, I find that people do the same thing with the basic teachings involving religion/spirituality, philosophy, ecology, languages and the list goes on and on. I have spoken to many "religious" people and many "atheistic" people and I have found the same "boding" lapses.

If you, the person, were to reconcile - existing with living, with time and with surviving until your current point of aging, then you may also then see that this idea that you "are stupid/incompetent" plays no part whatsoever in what you are capable of in Life.

In my experience, IQ tests are for sissies and pre-qualifications of "intelligence" has never really been a strong area of constitution in human 'civilization' and human society overall.

But to understand this well, you need to get rid of your 'black and white' thinking. And you need to turn all your assumptions on their head.

Below is a clean link to a video presentation that may help to get you started.

https://drive.google.com/file/d/1tEf8Q5wtqnij2frK-h5bPnmDItp9YfOb/view

I hope you are open to its content.

Happy learning and trading.

Peter

Real Trading is not gambling.

#413
Dec 15, 2022 10:36pm Dec 15, 2022 10:36pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

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Real Trading is not gambling.

#414
Dec 15, 2022 11:01pm Dec 15, 2022 11:01pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Once you acknowledge that trading has been around for millenia, THEN, you can begin to learn. The same practices and methodologies have been used, the same ideologies have been used. The one thing that has changed is the tools. And through this it's easy to view society and the markets in a way where you could use the same template. I'm not being "philosophical" here. I mean it literally. But most people do not want to learn, they just "want". But without some form of sacrifice on your behalf, you'll simply end up where you began, even if you have lots of money and are foolish enough to believe that it makes any difference.

So it boils down to your focus.

I learned one simple principle - If something has been around for a long time and you want to engage with it, you need to learn what it IS and how it THINKS. AND how it feels about and what it believes about YOU.

What's behind the big market participants?

What motivates them to operate as they do?

Why do people believe before seeking and searching?

Many people still try to wrench that last drop out of static details .... to get that last drop of water....while doing this, what have you missed ?

"Oh darn !! I just missed a [good] trade !!"

If you approach trading as if the world revolves around you, then you are playing someone else's game. The markets and 'money' both want the trader to be fixated on being selfish, self centered and scheming to get a 'good trade'. But at what cost?

If you have people in one room and money in another room, then their natural ways will permit. But you put them together and NOW you see what a person and a thing can gestate in all their possibilities.

Different perspectives are a game changer.

Happy learning and trading

Peter

Real Trading is not gambling.

#415
Dec 16, 2022 10:14pm Dec 16, 2022 10:14pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Foundations are more important than the last roof tile you put in place.

Yesterday, yet again, I had someone ask me the simple question of "How do I learn to trade fx?"

From everything I see 'around', one of the greatest cancers that has taken hold, is listening to and interacting with other people. I said this and the person asked why I said cancer?

Most people I have seen never break through their own 'glass ceiling'. They don't even question WHY it's necessary at all to join a site like this. To 'sign up' .... as if that gives you any special consideration or inside know-how. The best advice I give to people is to learn to think on your own. The hilarious thing about all these sites now, is you can access it from anywhere in the world without being joined or signed in. Maybe this will change sometime but probably not.

Additionally, if you want to end up a "social trader" then don't expect any real results. Don't be surprised if you end up with outcomes that are obscured by your expectations.

People on these sites say the silliest things and most is derivative and foundationless.

Saying things like - "we don't use lines", "we only use the facts", "math is the only thing I need".

Oh the days of being so naive.

Then there's the DOM players and the 'indicator addicts and assassins'.

And the X, Y and Z.

One guy actually stated "we don't deal with anything that happens in the future".

HAHAHAHAHAHAHA.......... Are you frickin' kidding me ? Hihihihihihihihi

People's silliness has no bounds, clearly.

I say 'be a student and learn' and leave the idiots who think they know what they're doing, because what they say "impresses" weaker minds, to their idol and idle "knowledge". If they won't learn that things happen in the determined cycles and based on more than "the big boys" etc etc, then DOM and the myriad of indications are deemed pointless fragments of any insight that matters. I'm a big believer in keeping the money I've earned ....... forever, not just until tax time next year, or, until I find a good excuse to spend some money.

People who refuse to learn these things, are forced to chase. There's simply NO other choice. Congratulations, you have now deemed yourself stupid by choice. And your name badge now says "Speculator". Congratulations again, your future is now out of your hands. It is true that real wisdom takes many years to incubate. And any trader/investor worth their salt, will tell you that if you aren't basing delivery on the future, then you are a blind gambler and truthfully, have no wisdom inline with what you are doing and dealing with. Deep down you're simply "hoping" that it all pans out. This is why people are so obsessed with statistics and probabilities. At that point they cannot see any real way to pre-determine what happens.

So, either break through the ceiling or, plunge into the BS that public forum trading websites are renowned for.

"Personal issues" are the dead weight that stops people from realizing this. And on taking a closer look here, it proves, you can have a wealth of information and topical knowledge available at your fingertips and STILL be poorer for it.

This is not to say you cannot learn, but your assumptions make a mockery of your presumed knowledge and capability.

This is why trading is a great example to apply to a person's "real world real life". There's a natural "bullshit meter" built in.

Many people I encounter are far too shallow and materialistic in their thinking. And this breeds immature attitudes. This has been well known for centuries. It has been used as a tool to "manage" people. The beautiful and hilarious thing about this, is, it is easily observable EVERYWHERE. In the present AND in history. It is one of the achilles heels of the "general public". And unfortunately, general people are having children yet HAVE NOT learned the lessons needed to break the cycle. (So the next time you want to call yourself an "adult", refer back to this spot where you are faced with a real reality of what is.)

So who's the fool? ...... the illusion of the fool or the fool who follows?

And so, how does a person "learn fx" ?

Realize what other people despise, resent and will run away from like sick sad little children. The world doesn't "need" traders, it needs people. Stay on the outside of all their silly banter on these silly sites and pay attention. Make notes everywhere you go. Assume they are wrong 99% of the time THEN, go and seek out the knowledge and know-how that helps you understand why and how that is true. Create a map of this new understanding and then you will learn.

Immature / lazy/ coaxing / impatient .... people always want to shortcut the process. Here, the process is the knowledge not the answer. Think back to those people who win lottery then blow their winnings in a few short "whatever time span". Got it quick then it disappeared.

Imagine that you want to still be consistently trading in 50yrs time. How would you do this if most of your "knowledge and know-how" is coming from what is "handed to you" or worse, someone you stole it from.

There is no room for naivete, cynicism or optimism. The ground you walk on must remain firm. You cannot get that from people's opinions. Nor the facts they love to throw around.

Personal insecurities play an enormous role in why people do not break through. Oh sure you can blame your family, the computer, the broker, the "market" and so on. But if you take a good hard look at this kind of thinking, you'll see that all it's doing is showing a deep personal irresponsibility. It shows you have no choice than to improve yourself first and then, deal with your trading later.

Most people can talk for hours about their work etc, but get them to try talking about themself on a personal level, ooooh boy, WOW !

This is a marker for levels of personal maturity and maturities.

Are you starting to see that you cannot take the person out of the "trader" ?

Most people try to multi task all of this while also trying to "learn how to trade". It's a bad idea.

Foundations are more important than the last roof tile you put in place.

People do not need more information or even "better information", they need to deal with step 1. If you don't you're wasting your time.

Happy learning and trading.

Peter

Real Trading is not gambling.

#416
Dec 17, 2022 10:12pm Dec 17, 2022 10:12pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Many people who try and then fail at trading, don't realize how important understanding history really IS. Those who say it will never change, that the past is the present is the future, are fooling themselves .... actually, probably more likely they're shitting themselves (sorry to use such words).

Modern psychology, leaves much to be desired in the wake of "modern living". Now, some might say this is by design, that there's some monopoly on the concept of human psychology. While others think it's all really just random mixed in with detailed routines of existence.

Whichever way you prefer to view it, one thing is clear .... modern people possess an extremely poor understanding and knowledge base of Life, from the perspective of a human. They make many mistakes and assumptions and in doing this, they show their hand .... where their ignorances or poor knowledge is positioned. Being book smart or street smart, as people like to call it, if you haven't already realized, are one and the same thing, merely from a different perspective. Sure there are surface differences but at the considerable levels, they are indeed exactly the same.

To learn these things and genuinely understand them so it can be applied to you and your trading, is not difficult. But for most people they hide away what truly scares them, I mean REALLY scares the crap out of them .... TERRIFIES them. And the automatic reaction to this? They put up a false front of strength. It fools many but for the most part, it doesn't impress me.

One of the problems arising now from all the pseudo religious / spiritual / atheistic / technological / societal movements and sprawling of information is ---- greater ignorance. Referring specifically to the act of ignoring here. People are bombarded and overwhelmed left right and centre.

If you are 'good' at trading but really have little more to offer to Life, then it really doesn't matter how much money you have, does it. This may sound like a rather nasty judgment to make toward someone but if you look closer, you can see there is no judgment, merely observable truth.

I think it's hilarious to see, read, hear people bitch winge complain about Life, society and other people ........ yet somehow, they really don't seem too different from the object of their problem with the other person or situation. They really don't bring anything to the table that shows their understanding OF corruption, or OR poor behavior, or OF genuinely serious / real problems. and you see it a lot in trading and on these sites as well.

People are always made to believe, and are told starting at a young age, that they are either good or not good at something. That either you are naturally gifted or talented, or you're not. This automatically creates a schism in the person, a type of fracturing of their mind and emotions. If you find this hard to believe or accept, then go find out how badly schizophrenics and alzheiners/dementia patients are viewed and treated and handled "by their societal peers". This will give you a look into the world of schisms from both sides of the coin AND it is a good test for you, to see just how naturally objective you are willing to be.

Some areas of learning need greater involvement and attention by all people.

And so, I find it funny to see people mocking learning or seeking. I have met farmhands that are more intelligent than doctors despite the apparent prowess that comes with being 'well trained' yet lacking real knowledge and intelligence. However, the intelligences the farmhand possessed, had nothing to do with "being real" or "realistic" or "worldly. If you said to me, "I'm a realist" then that tells me you're scared of many things and terrified of even more, you just won't admit it to yourself.

Something that can be placed in front of "modern people" to show their emptiness, their true ignorances and absence of knowledge and history could be as follows ....

Just say the words ...... integrity, morality, respect, ethics, truth, the world, belief, trust, honesty, strength, weakness. And then stand back and watch them build a world inside their mind so as to show you what they REALLY think, feel and believe. Then you can witness the fact that the person is a result of society and society is a result of the person. It can be no other way.

A major flaw in people's objectivity is their issues with personal gain and self interest. It is ASSUMED that life and society is all about "get what you need and want and take what you don't get the first time round". For me, this is what animals would believe and think if they suddenly started walking on two legs. Yet "people" have all this knowledge, "wisdom", experience, "maturity" etc etc. So right here is the schism in view in real life.

Am I perfect? No. Of course not. But seeing as I can choose how I organize my presence and thinking, my beliefs and observations, I can choose then, to do better. And my emotional impact can be gauged.

So natural talent or not, every person can learn. You just need to take "society" and all its "baggage" out of the act of and process of learning.

Real learning should be a pleasure, an enjoyable activity not some prison sentence or the feeling of 'being in school' (if your schooling experience was not a good one).

If you listen to the ones at the top, their version of "what Life is about" will be vastly different to those at the bottom. But this is not an automatic answer of "what to do or not do". This is merely a temporary starting point. History is therefore more than just facts and figures and mere information.

Happy learning and trading

Peter

Real Trading is not gambling.

#417
Dec 20, 2022 12:02am Dec 20, 2022 12:02am

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

How well do you understand the context of your trading, the software designation and time displays of your "platform" ?

Simple answer .... most people don't really have a clue.

Eg. put aside your usual trading platform and try working with your equity curve for a week. Yes for years people have argued if it works or not. But most people don't know how to do many things well.

Price Time and Intermediary view

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Typical Personal Results View

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Different? Similar? Same?

Each eg. is a version of something. But most people assume that time frames are one thing and equity curves are another. They are only different IF you set them up to BE different. The software used to display each is centralized. i.e.. .... look at the "brand name" of the software you use to trade. This is part of the reason why time frames "appear" *the same *fractal etc etc etc. Try looking at the comparative prices between today's open price vs the price right now vs its previous 28 week high and low price. I love it when people prefer to mention quarterly pricing and 52 week high low pricing, because they are not interested in real life, merely data relationships.

Below is an example of something that CAN give a real life relationship. Take note of 28 weeks points. Yes I wrote 28 not 26, as it takes time to complete a report of that size, so there is a time delay between 26 week point and its publication time and the way the world changes afterwards..

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The trick is, don't obsess over "data" here. The nature of 'the beast' is more important here. Many of the high echelons of society generate 6 monthly reports as well as every 1yr, 5yrs, 25yrs and half century. Why? They're all provisionary 'weigh points in time' that show real information and real world knowledge while leaving enough space and time between reporting points.

It's always funny to see and read about people who "know about real life" and trading and money etc, yet never mention the things that actually push action in the world. Here, I'm not talking about superficial reactions in the market as they only last seconds minutes hours.

Equity curves can be mirrored, co-generated and obviously be used for testing.

For me, I love to use it to find weak spots in "the action push" that happens from out in the real world. This is not about order flow/book or stock markets etc, but real world examination. Something chart traders cannot do / hate doing.

What? You think, as some people say, "the big boys", "the big players", "the smart money" are at the head of the table ?????

Hhihihihihihii,

Rule of Thumb .... Whatever is labeled as "mainstream / normal" is always going to struggle to outstep the game.

Pit trading was the same. The moment you assumed you're all doing the same thing you're dead meat. And you've just lost your client a lot of money.

I could show you a lot more here but time has taught me, that in this area, you are your own best student and teacher.

Prices and chart time frames are fractal as they use the same conversions. There's no magic or drama to it. So for those 'algo conspiracy people' out there, you're wasting your time. You're looking at symptoms not causes. Real common sense should dispel that idea for you. If you have no way to get around the 'algo idea' then you're stuck. Maybe this post will ease your "suffering" if you're prepared to grow up.

Eg. = What IF, the algo changes tomorrow? Then changes again the next day? And the next day and the next day? How fast can you keep up with the changes at THAT level?

If and or when you stop letting other people's thinking dictate what you can do with an equity curve, you'll understand what you're really looking at when you view your price chart.

You know what I love ?

I love knowing there's a high / very high likelihood that it's going down or up for the next 2-6 months. Why?

When you don't control it you work with it. And when you DO control it, you work with it. Get it?

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This may look like a typical price chart, but it's not IF you look at it from differing perspectives. Categorical participants are not enough here. Most people just don't see that the more you seek to learn about trading, the financial markets and the global activity, the more you understand.

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The above view shows a simple ideology ..... options and stop levels. Many people choose an instrument and then never really see other things. If I wanted, I could trade that chart setup all day every day on any instrument, because its data matching is setup to see other sub-market demonstrations of interest. You cannot get that via paid data, order book/flow etc etc. It comes from trading other instruments and asset classes. HOWEVER, all I did was inject MY data and experience into a typical ATR stops indicator with the help of a Donchian channel. No need for extra costs and hassle. How do you get that? It's just a simple set of indicators BUT it works to mirror my equity curve exploitative extremes, just as I do with my options. So I can trade my options AND cash.

I am not showing you this to impress anyone. No. Merely to show that cross mirroring of real life is worth a look.

Happy learning and trading

Peter

Real Trading is not gambling.

#418
Dec 21, 2022 9:50pm Dec 21, 2022 9:50pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Christmas Cheer and wisdoms ....

- Instead of watching tv shows and movies and porn, setup a price chart on time frame of choice and internalize an instrument's movements and activity. I sometimes think most people struggle with trading because their head's Tivo is already full with all the tv and movies they watch.

- Stop assuming that your phone or google knows everything.

- If you think money is the most important thing, try asking your colon.

- When you have holiday time, it's a great opportunity to learn more about Life lessons.

- Learn to stop letting your opinions judge you and the world around you.

Happy learning and trading

Peter

Real Trading is not gambling.

#419
Dec 25, 2022 11:01pm Dec 25, 2022 11:01pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

People are so funny these days. I will forewarn you that the following could be provocative to your sensitivities.

Life is actually very simple, when you use the appropriate anchor to base your perspective off. Many people both young and old, now, are pretty dead from the waist up. You can see it in people through their trading and the way they talk about things and the ways they choose to exercise their expressions.

I STILL find it very funny when people think "if you can just make money then you understand society".

Really??!! I say. Is THAT the full extent of your human intelligence??

You can see it everywhere now. Some people have no idea about much. So who do you blame for this?.... You? Your parents? Society at large? That bastardo/bitch of an ex that took all your money?

It's funny to watch people's responses to this.

Forget trading for a moment here. Forget about money and all that stuff.

Take a good hard look at you....... the real you. Not the one you parade in front of people.

To me, a dickhead, is really just someone who is yet to learn something relevant and important. We're all one at some point. To me this type of person is yet to experience both the 'good AND the bad' consequences of their choices and actions. For eg. this is why 'protesting' in any form is useless. You're not showing you understand the real issues. You are showing you are suggestible AND therefore can be manipulated into believing a formed presentation OF the issues. IF this was NOT true and accurate as a conclusion, you would know better and know how to GET TO the root of the problem. Ergo, we would be DEALING WITH the real issues instead of "protesting".

This is one of the problems with being "modern"...... Dumb as nails WHERE IT REALLY COUNTS. And to add, "age" has ABSOLUTELY NOTHING to do with it. It is completely false to believe that with age comes maturity and wisdom. Maturity and wisdom are EARNED...... not school learned and imitated.

The truly silly people are the ones who "believe" they are aware of the real issues BUT, show no presence of mind to connect the dots and add layers to their own understanding. This is why I say, that if money is the only reason you trade, essentially, you're no better than those you spit at and make fun of. There's really no presence of you being human. It's more a footpath routine that you keep following ... as if that is knowledgeable or mature.

So let's run it up the pole so it is understood by people ....

Children - If they are dumb, it starts at home. PERIOD. Unless they've been kicked in the head by a horse after being born, or, were born with severe irreversible issues, then this is the truth of the matter. People 'conveniently' like to use genetics arguments when it suits their needs and forget it or try to dismiss it when it doesn't favor them. I really wish people would learn that genetics is only a contributing factor NOT the conclusion. Cannot blame schooling as this arrives later on. If the parent is as daft as dirt about the ways of the real world then what can they teach the child? Probably little to nothing that's actually worthy of knowing and understanding. The basic role of a parent is to produce a person of proper age, who is either as good or a better version OF that parent. If this doesn't occur, then the person will likely die due to being weakened by their life up til their death. Admittedly, no mention of natural or unnatural deaths here, just the basic premise.

A parent who suggests that the material world is most prominent and all encompassing is a fool. With that you've just capped your child's ability to learn. Ever noticed that (adult) people generally tend to stop real and proper learning once they enter and inhabit the world of "working for a living" AKA the "workforce"? Yeah, see what happens when you stop forcing a story down your own throat and actually shut your mouth and merely begin to make some observations.

So what the child is taught and shown at the earliest ages is what molds them for life. Of course this doesn't mean go out and buy an abacus for your child. That would have no relevance to their learning. Again, if the parent is a dumbass then that child will be hit on two fronts - at home and then later at school. Now consider how people are operating once they hit "working age".

The REALLY funny thing about people, from all countries now, is, you've forgotten what IS important WITHOUT society "telling you" it's important.

Now to be clear here, I'm not some "tree hugging hippie" nor some "make love not war" person or "know thy self maaaaan" type of person. All those are for the rubber ducky people who are highly imbalanced and have more to learn.

Consequences produce retroactive perspectives.

If you do not know or understand these words and what they mean and refer to, I beg you to go and look them up and familiarize yourself with them. Many people now, remind me of children whose growth has been stunted and can't seem to find their way through it to complete the process.

Many seem to operate as if they live in a bubble called "society" without any knowledge of anything truly real.

In trading we use words such as - confluence, anticipate, bias. But when it comes to real life, we seem to backslide and falter. Many before me, have also done their due diligence to find that 'assigned learning' destroys the person's ability to learn..... from Life's perspective and definition of learning. This is why "walls" were so important in history.... they weren't there merely to keep others out but also to keep people in.

For most people this would be a paradox. Because their understanding stops where the walls of society begins, they have no knowledge of what is beyond nor any idea how to even begin to consider what is beyond. And it's because of this paradox, people allow drama to tell them to be scared and feel alone..... and to put their faith in society.

Trading is a single activity. But Life is many activities. IF you can appreciate what is written here then you also can see the futility of artificial 'movements' - both socially and geographically. Eg - Awake, Woke etc etc. People are not learning via these things, only proving they have much to learn that would afford any real and lasting change.

And so, the blame game and fault laying game is the drama. And drama is the antithesis to learning and maturity and intelligence. IF you are willing to learn this lesson then you have a chance to go further.

For me, trading is a great way to test how much BS you're willing to swallow before you wake up to yourself and step back far enough to look at the entire picture. Most people don't, they stop when they've been clever or devious enough to "get money" and then think the game is over. It's funny how belief systems blind people. I'll say it again for people, it's not yours, never was ... you're just borrowing against it. The savings account might have your name on it but that has no bearing on 'ownership'. Therefore rights are non existent.

If you want 2023 to be different and better, it's time to learn.

Happy learning and trading.

Peter

Real Trading is not gambling.

#420
Dec 29, 2022 8:04pm Dec 29, 2022 8:04pm

PeterCaleb
| Membership Revoked | Joined Nov 2020 | 2,353 Posts

Seeing as it's nearly the end of the year, I'll make this one quick.

People experience both "good" and "bad" times in their lives, NOT purely, because they're being victimized or abused, or because they're making poor choices and decisions..... but due to a range of interacting 'pieces' that always have both a constant and a variable nature and personality to them.

Most people I have ever met cannot fathom a life where a person actually has more say in what happens in their life. However, through all my travels and experiences, there is always a single theme that is present. This theme is not something most of the 'general population' thinks about, usually, because they are the middle and lower socio-economic classes of people who work for a financial living, so their attention is usually divided between work and personal home life. But what people do not know, understand and appreciate, is that human history has not always been this way. This is a fact and not just the ramblings of some old guy. If you want to understand this you will need to delve into history to see that humans have lived in MANY different ways, with differing levels of success in what they do to live.

The theme I mentioned earlier, gives us insight into the potential to learn without having to attempt the impossible. The theme is simply - the knowledge you do not (yet) possess. Unfortunately, this being a trading website, most people will be focusing on 'trading stuff' however trading is not what it's cracked up to be. For a moment, stop trying to 'be like someone else' or trying to 'be as good as someone else' and really give this a moment to sit with you.

Most of the general citizenry assume "this is how it is" without considering HOW we got here. To me, THIS is a far more potent way to approach "life on planet Earth" rather than taking the material religious/spiritual etc etc avenue for in this instance, they are crippled by "man's intervention" and leave little room for basic truthfulness to be revealed and shared.

A person's belief about themself in its entirety, is the sum total of what they have learned, been told and what the "outside world" tells them and then finally, what they tell themself everyday. However in a specific context, most of this (as far as the truth is concerned) is just BS and can be bagged up and thrown away with the rest of the garbage. Most people I see, are "owned by" all of that and never think to ask the simple question, "Is any of it actually true?"

For people who have never lived outside urban society, you will find it hard to appreciate what is "real" because you only know one way to view everything. You are constantly bombarded with drama and this then translates to certain attitudes and coping mechanisms, just to get through your day. This, by the way, is a surefire signal that life is "not good".

So, the "stuff" most people think is bullshit, is useless, is a waste of time .... is,in fact, EXACTLY what they need to immerse themself in.

Why? Most people assume it is a "dog eat dog world" and you'd right, IF, you weren't SO very wrong. Clinging to this conclusion, you have "declared" that no other conclusion exists or can exist, thus showing you are afraid of your own intelligences. Yes plural. And to add, you have "decided" the other feasible knowledge and awareness does not exist. This is a sign of someone who does not understand much about Life and is afraid to look. Unfortunately, many people who read this will dismiss it and then go and wrestle with the "protagonsit / antagonist" of it probably for the rest of their life. Why? You have libraries and the internet and you have a good brain on your shoulders. If this were not true, you'd be dead already. Get it yet? Is it starting to make sense? Is it sinking in?

It has ALWAYS been known and fully understood, that people who make up the general population, can do a better job at running and maintaining society's input/output systems, including the "important decisions", from top to bottom. Why?

When we are not plagued by false systems of value, we shine. It's as simple as that. When we are not distracted by misguided valuables (which breed greed, hunger for power etc) then we operate at a higher level of living. It's the greed and ambition that we "believe" is more powerful or worthy or ...... valuable .... that derails our good efforts.

Therefore, most people who make up the general population and citizenry, are following what they're told, without realizing what these choices and decisions really ARE. They show and thus reflect what they do not know and appreciate about themselves and what real intelligence is, in light of all situations.

This is the constant underlying theme that can be observed everyday, on every street corner and in every home. Yet it is pushed into the background as if it is not important or not AS important when in fact, it is the ONLY THING that is important...... IF you look at things from the ground up. All of the marketing and advertising that has gone through society, "telling people" how worthless they are, telling people they're not this or that, has punctured people's lives in a way where the lie has become the truth.

One easy way to understand it could be - the upper echelons of society have one value system and the general citizenry have another. But for reasons unknown to most people, the upper echelons try to saturate the citizenry with their values and essentially, turn them into clones of the upper echelons. One might say that because this is an unnatural process, it has several side effects and you can witness these as you observe people around on an everyday basis.

I am writing this not to scare you, but to make you aware of this and if you doubt it to be so, then you are open to make your own observations for a period of at least 6 months so as to be objective in your findings.

"Life is always grand when you have money" but "SUCKS" when you have none.

To fully understand this, go and talk to people in both camps on this and you will quickly see the shades of humanized suffering. People, generally do not "kill" for no reason.

I'm not a "utopian" knitwit so I have no problem speaking about these things in ways where it shines a light on human endeavors. I find it is people's silly Silly SILLY attitudes that tells two different stories about who they are. And it is in THIS place, where this theme has inhabited and setup a pretty cozy life for itself. One attitude says "I'm alive and I want to live my life", while the other says "I'm a piece of shit and don't REALLY know or understand what the hell self respect is".

In some cultures, this is considered crazy or insane .... LITERALLY.

It's similar to asking to be genuinely loved but simultaneously you're asking to be beaten with a baseball bat with nails in it.

If you do your research, you WILL find that this is NOT a natural state to be in. It is not natural for a human to ask for both at the same time. Let me say it a different way ....

Hehehehehehe - it's not HEALTHY for someone to ask for both simultaneously...... despite your fetishes.

If you would give time to see, that the problem of the one, is the problem of the many, AND, this problem is not natural to us, then it CAN be dealt with in ways where people learn instead of believing their own "glass ceilings".

But you have to make the choice - either you're a piece of shit who doesn't believe you deserve to live, OR, there is something inside you that knows you can learn. Both men AND women lie to themself. Both the choice and the consequences are yours.

Happy New Year to all.

Happy learning and trading

Peter

Real Trading is not gambling.

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