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Technical Analysis Fallacy

  • #23,681
  • Mar 25, 2011 11:56am Mar 25, 2011 11:56am
Hi again,

maybe some of us will stone me for the following, but it is at least some of my experiences ...

When we start to train fti's MO, we are very keen to be successful from the beginning. It is the most important goal for us to avoid losing days or losing trading sessions.

Good approach, but by far not enough!

As long as we are in training, we should also try to get used to dangerous situations. The situations, that can not be avoided in the long run. When we are in trouble and everything is running against us. When every rescue fails.
We need to get used to our emotions, the panic and the fear. We need to gather the experience how to keep a cool minded head. So please take every so called "desaster" or "catastrophic" trading day as a a gift or a chance to become a better trader.

Let me go one step further:
Try to force such situations only to get a feeling for it!

Maybe you do a coin toss to determine the direction for you scout and try to bail him out. Or if you have a trading buddy, lets create him a serious trading situation (on a demo account) for you and just take over at some time and safe the book. There are lots of possibilities.

Well - think a little about it. You can never be safe in your trading when you are not well trained to the worsed. Even if you have no loosing day in 6 month - it will happen and you have to be prepared for that single event.

Ok - hope I was able to make it clear.

All the best,
Niels!
  • #23,682
  • Mar 25, 2011 12:03pm Mar 25, 2011 12:03pm
Quoting Gro
I wrote a "personal experience is not transferable" ... I understand well?

I know that unnecessary advice ... but I can see, fana, fullperson etc. They are "very zeal" ("scorpion wants to cross the river ...")
"youth to go fast forward and old rescue the rest"



happy weekend
  • #23,683
  • Mar 25, 2011 12:06pm Mar 25, 2011 12:06pm
Quoting MaMood
Hi again,

maybe some of us will stone me for the following, but it is at least some of my experiences ...

When we start to train fti's MO, we are very keen to be successful from the beginning. It is the most important goal for us to avoid losing days or losing trading sessions.

Good approach, but by far not enough!

As long as we are in training, we should also try to get used to dangerous situations. The situations, that can not be avoided in the long run. When we are in trouble and everything is running against us. When every rescue...

Niels,

Whats the worst you have seen in your trading....

For me it was when i "STUBBORNLY" tried to rescue and i was from night 8 till in morning was just rescuing....

I have that chart in my journal...

My question is when you say worst what is worst is?...

Going a scout in deep red...???

Going Level 1 or 2 attack in deep red???


Just trying to give some newbie idea what is worst we guys have seen...not sure chief will approve it


V
  • #23,684
  • Mar 25, 2011 12:08pm Mar 25, 2011 12:08pm
Quoting fullperson
THE DALAI LAMA, WHEN ASKED WHAT SURPRISED HIM MOST ABOUT HUMANITY, HE SAID:

“man.
because he sacrifices his health in order to make money.
then he sacrifices money to recuperate his health.
and then he is so anxious about the future that he does not enjoy the present;
the result being that he does not live in the present or the future;
he lives as if he is never going to die, and then dies having never really lived.”

[u]I know what's in store for me if I keep up my zeal. I am the type to work very hard. I can't help it. I am young and...
first you must have "correct thinking"!!!, and then hard work ...

Turtle and the scorpion
Story about an old man and the flood
Man and psychotherapist
Hunter and pigs - custom training classes and stupidity
Sun TZI (girls)
The girl on the beach - the important things in life
Cocoon about your learning curve
AOW a General (I)
AOW Battlefield 2 (process of thinking in a fight)
Karl (inability to recognize a loss)
Fisherman under a palm tree
  • #23,685
  • Edited 12:21pm Mar 25, 2011 12:11pm | Edited 12:21pm
Quoting sakatalight
afternoon fti sir!
regarding the risk parameters MaMood is talking about, i am trying to find my pain threshhold atm. and based on daily ROI, how many days will it be bofore i can recover my book? and by your experience, sir, how often do pros encounter these bad days?
care to shed some light on this subject?
if this has been given somewhere on the thread or it should be sth we find out by ourselves, just ignore my question.
[font=Arial]and "愛便,愛凊,加愛大圜嬭"...
no, its Minnan.(Fujian)
Is not big thing, just describes human greed.

What Mamood is going thru is that his ambitions is driving him now.
If he is not careful, may end up prostituting him self to the wolfs.
Real terasury heads can see talent and training at a glance and would mobilise to find ways fit him into his books.
These chaps smell of all abuse to me. So i suspect they nothing close to the real deal.
But MaMood's ambition is blinding him of his choices.

regards
  • #23,686
  • Mar 25, 2011 12:13pm Mar 25, 2011 12:13pm
Quoting Gro
first you must have "correct thinking"!!!, and then hard work ...
Thats deep Gro....

Some of the wisdom you get in this thread...people have written "Bestsellers" on it....

I was talking to my best friend and telling her what she needs to do.... she quietly answered...

"V what ever you say i know you are right BUT the problem is implementation"


V
  • #23,687
  • Mar 25, 2011 12:13pm Mar 25, 2011 12:13pm
Quoting indianguyinny24
Niels,

Whats the worst you have seen in your trading....

For me it was when i "STUBBORNLY" tried to rescue and i was from night 8 till in morning was just rescuing....

I have that chart in my journal...

My question is when you say worst what is worst is?...

Going a scout in deep red...???

Going Level 1 or 2 attack in deep red???


Just trying to give some newbie idea what is worst we guys have seen...not sure chief will approve it


V
Hi Vick,

good question. But it's better I avoid the public answer about my worst trading experiences . But a battle over 36 hours is for sure in my list ...

Very important: That should not be the advice to try to rescue every situation. The experience that should be made is just:

  1. how do I feel in serious trading situations?
  2. How can I keep my head/mindset cool?
  3. What are the options I have now (rescue, Reducing exposure, kill, flip)?
  4. When to rescue, kill or flip?
  5. when to stop trading?
  6. maybe the most important: Do I have the discpline to keep my book safe under all circumstances?

CU,
Niels.


  • #23,688
  • Mar 25, 2011 12:16pm Mar 25, 2011 12:16pm
Quoting fullperson
THE DALAI LAMA, WHEN ASKED WHAT SURPRISED HIM MOST ABOUT HUMANITY, HE SAID:

“man.
because he sacrifices his health in order to make money.
then he sacrifices money to recuperate his health.
and then he is so anxious about the future that he does not enjoy the present;
the result being that he does not live in the present or the future;
he lives as if he is never going to die, and then dies having never really lived.”

[u]I know what's in store for me if I keep up my zeal. I am the type to work very hard. I can't help it. I am young and...
Exactly, be yourself.
No be a professional speaker.
Be a productive and capable person.
No need suck up to the big hats.
Some of them are only empty as vessels.

regards
  • #23,689
  • Mar 25, 2011 12:19pm Mar 25, 2011 12:19pm
Quoting fti
no, its Minnan.
Is not big thing, just describes human greed.

What Mamood is going thru is that his ambitions is driving him now.
If he is not careful, may end up prostituting him self to the wolfs.
Real terasury heads can see talent and training at a glance and would mobilise to find ways fit him into his books.
These chaps smell of all abuse to me. So i suspect they nothing close to the real deal.
But MaMood's ambition is blinding him of his choices.

regards
Thanx again fti.

Maybe this posting will open my eyes again.

Yeah - true: Cause it is the first offer I got (and I have never every dreamed of such an opportunity), I'm not able to look behind the curtain.

Will try to do some steps back and have a unbiased look on it ...

Thanx again!

Niels
  • #23,690
  • Mar 25, 2011 12:26pm Mar 25, 2011 12:26pm
Quoting thesti
Hello,

I'm sorry if I'm out of topic. Can someone here teach me how to...
1st post?

You respond, you trade the news.
after you tp, you sit and analyse it. And show everyone how smart you are. And you can use the news justify all you ego.


regards
  • #23,691
  • Mar 25, 2011 12:28pm Mar 25, 2011 12:28pm
Quoting MaMood
Hi Vick,

good question. But it's better I avoid the public answer about my worst trading experiences . But a battle over 36 hours is for sure in my list ...

Very important: That should not be the advice to try to rescue every situation. The experience that should be made is just:[list][*]how do I feel in serious trading situations?[*]How can I keep my head/mindset cool?[*]What are...


deleted

V
  • #23,692
  • Mar 25, 2011 12:29pm Mar 25, 2011 12:29pm
Quoting fti
Exactly, be yourself.
No be a professional speaker.
Be a productive and capable person.
No need suck up to the big hats.
Some of them are only empty as vessels.

regards
Can you explain it? Thanks.
You teach "correct mindset" and now "be yourself"?!?
Traders mindset is out of the crowd!
  • #23,693
  • Mar 25, 2011 12:38pm Mar 25, 2011 12:38pm
Of all the stories, I liked the fisherman story the best. I am very lucky and blessed to have a good garden and be young enough to enjoy it. Friends, music, family, health ect.

I have achieved all that I need already for a very happy and fulfilling life. Because I am very happy already, I have no need for ego (do I care if someone is better off then me? No, I have everything I need), fear, ect.

Why then I have so much zeal? Because I am a curious kid that enjoys learning and practicing. I don't care about foreign capital as much as I enjoy the learning, the manging process and the appreciation and humbling life lessons I get.

This is my mindset. I told myself before I stared learning your method that I would "isolate" your method away from my real mindset (enjoying life ect). I am prepared to protect my garden at any cost.




Quoting Gro
first you must have "correct thinking"!!!, and then hard work ...

Turtle and the scorpion
Story about an old man and the flood
Man and psychotherapist
Hunter and pigs - custom training classes and stupidity
Sun TZI (girls)
The girl on the beach - the important things in life
Cocoon about your learning curve
AOW a General (I)
AOW Battlefield 2 (process of thinking in a fight)
Karl (inability to recognize a loss)
Fisherman under a palm tree
  • #23,694
  • Mar 25, 2011 12:44pm Mar 25, 2011 12:44pm
Quoting fullperson
Of all the stories, I liked the fisherman story the best. I am very lucky and blessed to have a good garden and be young enough to enjoy it. Friends, music, family, health ect.

I have achieved all that I need already for a very happy and fulfilling life. Because I am very happy already, I have no need for ego (do I care if someone is better off then me? No, I have everything I need), fear, ect.

Why then I have so much zeal? Because I am a curious kid that enjoys learning and practicing. I don't care about foreign capital as much as I enjoy the...


PS ... but the newbi "guard" is good (sometimes wrong, but ...)
  • #23,695
  • Mar 25, 2011 12:49pm Mar 25, 2011 12:49pm
Quoting Gro
Can you explain it? Thanks.
You teach "correct mindset" and now "be yourself"?!?
Traders mindset is out of the crowd!
Gro,
yes be yourself, is important.
Some of the mindsets cannot be corrected.
Why do you think even God wants nothing do with us?

Have good mindset is the key to safely perform.
But have knowledge of good mindset does nothing.
Unless the mindset learned is internalised it is just hog wash.
Worst is , when the knowledge is used to mask the real one.

Ok , rest time.
Good weekend. Was nice skining the panda this round.
even a fish would not get into trouble if it knows when to keep mouth shut.
Esp if open mouth talk about others currency, when its own is hidden in fist.
So what did panda said would happen to usd in 2011?
crystalballs broke?
Ability and actions , they speak loauder than words.


regards
  • #23,696
  • Edited 1:56pm Mar 25, 2011 1:09pm | Edited 1:56pm
Quoting MaMood
Thanx again fti.

Maybe this posting will open my eyes again.

Yeah - true: Cause it is the first offer I got (and I have never every dreamed of such an opportunity), I'm not able to look behind the curtain.

Will try to do some steps back and have a unbiased look on it ...

Thanx again!

Niels
i see
Mahmood, tell them , if you recognise skill , then use me.
If you want teach me your ways, then prove me your skills.
But no try abuse me.
If you want me get certification. Hire me pay me a bomb. then send me to certification.
Ask them skills not come cheap.
Put the money on the table. Talk is cheap.
Money talks, bullshit walks.

And no speak to them until someone who can make decision imediately, comes speak to you.
Don't sell yourself short.
Yes, this may be your first of thousands. Besure of your skills and your abilities. No need to think.
they trying to bargain for cheap. And real skills not come cheap.
If they have no respect for your skills , then they can go fly kites.
if they have no respect , whatis the point. Why they offer you chance?
You think they offer it to everyone on the streets?

Remember, what is the goal of this exercise?
you need have the funds they holding , so that you can use your skills to grow it.
they have capital, your capital is your skills , otherwise they no bash an eye lash at you.
So get it right. What is the goal?

Since getting funds means so mucjh to you.
Better still, take the black and white, they offered you.
Go to another bank,ask speak to treasury manager.
Show him the letter and ask , if they can give you a sweeter deal. Also show your track records of the game.
Go ask as many banks as you can manage, while you wait for ths donkey make his decisions.

When you speak to these peeps, be as diplomatic with your language as possible.
But be firm on what you are asking for.

regards
  • #23,697
  • Mar 25, 2011 1:24pm Mar 25, 2011 1:24pm
Quoting fti
Gro,
yes be yourself, is important.
Some of the mindsets cannot be corrected.
Why do you think even God wants nothing do with us?

Have good mindset is the key to safely perform.
But have knowledge of good mindset does nothing.
Unless the mindset learned is internalised it is just hog wash.
Worst is , when the knowledge is used to mask the real one.

Ok , rest time.
Good weekend. Was nice skining the panda this round.
even a fish would not get into trouble if it knows when to keep mouth shut.
Esp if open mouth talk about others currency, when its...
Thanks.
egor, yes ... you remember the "bubble = problems" around ego "bubble" from Dutchangel post? ... egor must internalize correct mindset, to acknowledge his defeat ... egor is the originator of the "surrounding bubbles" ... correct?
"correct mindset" is best survival mindset under all circumstances "always ready" My promise to pioneer in childhood

PS they do not go to sleep "when you're in cal"
  • #23,698
  • Edited 3:31pm Mar 25, 2011 2:45pm | Edited 3:31pm
Quoting indianguyinny24
Thats deep Gro....

Some of the wisdom you get in this thread...people have written "Bestsellers" on it....

I was talking to my best friend and telling her what she needs to do.... she quietly answered...

"V what ever you say i know you are right BUT the problem is implementation"


V
yes, "He gave the Word to all, but Mind construct in the middle ..."

Nice weekend

Inserted Video


Inserted Video
  • #23,699
  • Mar 25, 2011 4:49pm Mar 25, 2011 4:49pm
Quoting indianguyinny24
Niels,

Whats the worst you have seen in your trading....

For me it was when i "STUBBORNLY" tried to rescue and i was from night 8 till in morning was just rescuing....

I have that chart in my journal...

My question is when you say worst what is worst is?...

Going a scout in deep red...???

Going Level 1 or 2 attack in deep red???


Just trying to give some newbie idea what is worst we guys have seen...not sure chief will approve it


V
Mine was when I was doing a rescue for a rescue and both failed -_-!
  • #23,700
  • Mar 26, 2011 1:01am Mar 26, 2011 1:01am
Quoting fti
i see
Mahmood, tell them , if you recognise skill , then use me.
If you want teach me your ways, then prove me your skills.
But no try abuse me.
If you want me get certification. Hire me pay me a bomb. then send me to certification.
Ask them skills not come cheap.
Put the money on the table. Talk is cheap.
Money talks, bullshit walks.

And no speak to them until someone who can make decision imediately, comes speak to you.
Don't sell yourself short.
Yes, this may be your first of thousands. Besure of your skills and your abilities. No need to...
I agree with you here fti, what you have said reminds me of myself 3 months ago when a financial institution here lured me to work for them, with heaps of promises... i was so eager and excited during that time... but after awhile, i realized that the package-deal they're giving me is more or less the same with what i'm getting with my personal account... then i turned it down...

working on my own account is a lot more better i believe; no stress... but of course if not having enough or sufficient funds to play around then working for them is just good enough.

regards,


@ niels, goodluck! just be careful of what your asking for
Success consists of going from failure to failure without loss of enthusiam
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