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Are Traders Programmed to Fail?

  • #121
  • Sep 20, 2011 1:10pm Sep 20, 2011 1:10pm
Quoting Rob Mondave
OK, you've played the Innocent card and now that that's out of your system...



I'll relent a little bit and agree that if someone has put in their 10,000 hours (40hrs/week, 50wks/year for 5 years) and is still not trading profitably, then either they didn't take their education seriously (less likely) or they have serious confidence issues (more likely). Someone like that can probably benefit greatly by focusing on the 'inner' him; yet someone like that, as well, probably also has trouble in other areas of life, including job interviews and women.

Yet,...
I'd have to agree and yet disagree with you sir rob. I do believe that conservative traders sets conservative targets, and obviously these are their goals. The problem is, they probably have a tinge of fear in their minds if they don't apply conservative methods. Its all about greed and fear. If balanced, you'd be richest man alive in forex. (considering your ta and fa are top notch too!). Greed drives you to gain more, fear drives you to gain less. I think these two emotions sets goals. So in a certain way i agree. Am i making this too confusing?

I hope not, i dont wish to make a misconception or miscommunication.
Have I got something on my face, SOLDIER?
  • #122
  • Sep 20, 2011 1:27pm Sep 20, 2011 1:27pm
Quoting doctortyby
By the way guys,

I forgot to mention that when I speak of Psychology and Mental Programming (Training, Education, Experience ... call it as You wish)... I do not refer to the stupid science that is tought in schools and presented in a very wrong way in most books...
doctortyby, you said this at least twice before, it is the third time and some people already got sick and tired of you mentioning it.

Sclerosis at 28 years old? Too bad, such a bad memory at such a young age!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #123
  • Sep 20, 2011 1:33pm Sep 20, 2011 1:33pm
Quoting doctortyby
To better understand what I'm trying to advice You, find some time to read one of the most important BOOKs of ALL TIMES...

Martin Heidegger - "ZEIN UND ZEIT" (BEEING AND TIME)... It is very important that you read the first 50-60 pages at least... and You will have a gimpse of what you should ask yourself...

PS: It is not a Psychology Book... far from it... it is a philosophy book that changed the world
doctortyby, if this book changed the world, how come nobody heard of this book?

I'm not kidding!

Rob Mondave, the redlion, anybody! Have you read this book? Anybody?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #124
  • Sep 20, 2011 1:43pm Sep 20, 2011 1:43pm
Quoting doctortyby
I SAY: NEVER SETTLE FOR LESS THAN WHAT YOU ARE ABLE TO OBTAIN.. AT ANY TIME... BEYOND TIME

You can win as much as Your GOALS try to obtain.
doctortyby, Napoleon Hill, for example, had the right to teach people because he personally achieved a lot thanks to his system.

But what are your achievements? What gives you the right to teach people?

P.S. Please give me a normal answer, not your mumbo jumbo ("your question says a lot about you", "your question contains the answer" etc.) Can you answer like a normal man, just for a change?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #125
  • Sep 20, 2011 1:51pm Sep 20, 2011 1:51pm
there are so many threads with arguments..
Well this is a business and in business people dont see eye to eye in everything, and since we're people we are all different. so whats the dilemma here? i completely missed it, and by reading i still cant comprehend the problem..
Have I got something on my face, SOLDIER?
  • #126
  • Sep 20, 2011 1:53pm Sep 20, 2011 1:53pm
Quoting doctortyby
if you win, let's say 100% per month, for a 500$ original investment, you will have a 1.600% Profit in 5 months, or 8.000$... Slithly closer to 1 million... in another 5 months you will have 128.000 $... at this time you could try a more conservative risk management and obtain, let's say 20%/ month (and obtain 1.114.000 $ in 12 months), or you can continue with the aggressive money management and obtain 1.024.000 $ (or 800% Profit) in the next 4 months.
Do you think you are the first one who did all this math? You're talking exactly like all these newbies in the "Rookie Section". Have you ever heard about withdrawing part of the profits? About taxes? About brokers' lot size limits? Do you really think that doubling even a small account every month is that easy?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #127
  • Sep 20, 2011 2:00pm Sep 20, 2011 2:00pm
Quoting Favorite
doctortyby, Napoleon Hill, for example, had the right to teach people because he personally achieved a lot thanks to his system.

But what are your achievements? What gives you the right to teach people?

P.S. Please give me a normal answer, not your mumbo jumbo ("your question says a lot about you", "your question contains the answer" etc.) Can you answer like a normal man, just for a change?
That mumbo jumbo is my normal answer...

I'm not trying to teach anybody anything...

I do not like to brag about my achievements... And you are a little bit too curious about my achievements, aren't You?... You seem to ask too many questions about me, even tough I've made it very clear to everybody that this thread is not abour me, or "me trying to teach"... this thread is about questions... Questions that YOU HAVE TO ANSWER YOURSELF.

I DO NOT ASPIRE TO BE A NORMAL MAN... NORMALITY MEANS FAILURE (from my point of view)

You really have to read the first post again ... and all the other posts
I've written.

Enough about me... Let's talk about You...
Doctortyby
  • #128
  • Sep 20, 2011 2:00pm Sep 20, 2011 2:00pm
Quoting bumapatria
there are so many threads with arguments..
Well this is a business and in business people dont see eye to eye in everything, and since we're people we are all different. so whats the dilemma here? i completely missed it, and by reading i still cant comprehend the problem..
bumapatria, you at 14 are much more adult than our good Doctor at 28. The problem is that our good Doctor thinks that he has some new "Ten Commandments" but most of the other participants think that he is just full of it!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #129
  • Sep 20, 2011 2:04pm Sep 20, 2011 2:04pm
Quoting bumapatria
there are so many threads with arguments..
Well this is a business and in business people dont see eye to eye in everything, and since we're people we are all different. so whats the dilemma here? i completely missed it, and by reading i still cant comprehend the problem..

1) WHAT IS FREEDOM FOR YOU?

2) WHAT IS SUCCESS TO YOU?

3) WHAT IS FAILURE TO YOU?

Thank You for Your answers,
Doctortyby
  • #130
  • Sep 20, 2011 2:04pm Sep 20, 2011 2:04pm
Quoting doctortyby
Enough about me... Let's talk about You...
And now our good Doctor is threatening me! But I'm not afraid!

Doctor, it is your thread, that's why people will talk here about you, not about yourself - like it or not, it doesn't matter!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #131
  • Sep 20, 2011 2:05pm Sep 20, 2011 2:05pm
Quoting Favorite
bumapatria, you at 14 are much more adult than our good Doctor at 28. The problem is that our good Doctor thinks that he has some new "Ten Commandments" but most of the other participants think that he is just full of it!
Im sure his intentions are all for the good, no? Perhaps a reminder to us all? Im sure he discovered it, but not the first. Everyone discovers everything in the path/journey of life, trading included.
He just trying to remind us... i guess?
Have I got something on my face, SOLDIER?
  • #132
  • Sep 20, 2011 2:07pm Sep 20, 2011 2:07pm
Quoting doctortyby
I DO NOT ASPIRE TO BE A NORMAL MAN...
AAAAAAAAAAAAAAAAA!!!!!!

I knew that!

Doctor, people who are not normal - are abnormal!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #133
  • Sep 20, 2011 2:11pm Sep 20, 2011 2:11pm
Quoting doctortyby
That mumbo jumbo is my normal answer...
doctortyby, maybe it is different in Romania, but in most other countries people for whom "mumbo jumbo is my normal answer" are the mental patients!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #134
  • Sep 20, 2011 2:13pm Sep 20, 2011 2:13pm
Quoting Favorite
AAAAAAAAAAAAAAAAA!!!!!!

I knew that!

Doctor, people who are not normal - are abnormal!
dude, youre annoying him.. he probably means to be better than others.., special if you may. i mean us traders here are already special people in the world.

I laugh when my friends ask me" what are you trading? ". "Forex, whats that? a condom?" hahahaha. not many out there teen traders.
Have I got something on my face, SOLDIER?
  • #135
  • Sep 20, 2011 2:16pm Sep 20, 2011 2:16pm
Quoting Favorite
Do you think you are the first one who did all this math? You're talking exactly like all these newbies in the "Rookie Section". Have you ever heard about withdrawing part of the profits? About taxes? About brokers' lot size limits? Do you really think that doubling even a small account every month is that easy?
Exactly my point.
I couldn't have said it better to prove what I am trying to pinpoint about those 10.000 Hours of Training and Experience spent by some of the "expert" traders trying to focus on the problems instead of finding solutions.

Of course, an important task is that of defining the problems, and to be aware of them...

Thank You for Helping me,
Doctortyby
  • #136
  • Sep 20, 2011 2:17pm Sep 20, 2011 2:17pm
Quoting bumapatria
Im sure his intentions are all for the good, no? Perhaps a reminder to us all? Im sure he discovered it, but not the first. Everyone discovers everything in the path/journey of life, trading included.
He just trying to remind us... i guess?
bumapatria, of course he is not the first one who discovered it, people use NLP for more than 30 years. But he is the first one who said that all the traders are preprogrammed to lose and that the only way out is NLP. Maybe his intentions are good, but he can't show people how NLP helped him personally...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #137
  • Sep 20, 2011 2:19pm Sep 20, 2011 2:19pm
Quoting doctortyby
Exactly my point.
I couldn't have said it better to prove what I am trying to pinpoint about those 10.000 Hours of Training and Experience spent by some of the "expert" traders trying to focus on the problems instead of finding solutions.

Of course, an important task is that of defining the problems, and to be aware of them...

Thank You for Helping me,
Doctortyby

If you know GoldMan, hes great friend to me, and great contributor in FF, his signature is "There are no problems, there are just situations."
At first i diddnt understand, but theeres more behind the curtains with this saying.
Have I got something on my face, SOLDIER?
  • #138
  • Sep 20, 2011 2:20pm Sep 20, 2011 2:20pm
Quoting Favorite
bumapatria, of course he is not the first one who discovered it, people use NLP for more than 30 years. But he is the first one who said that all the traders are preprogrammed to lose and that the only way out is NLP. Maybe his intentions are good, but he can't show people how NLP helped him personally...
so thats the problemm..
Have I got something on my face, SOLDIER?
  • #139
  • Edited 2:54pm Sep 20, 2011 2:25pm | Edited 2:54pm
After doctortyby said:

Quoting doctortyby
if you win, let's say 100% per month, for a 500$ original investment, you will have a 1.600% Profit in 5 months, or 8.000$... Slithly closer to 1 million... in another 5 months you will have 128.000 $... at this time you could try a more conservative risk management and obtain, let's say 20%/ month (and obtain 1.114.000 $ in 12 months), or you can continue with the aggressive money management and obtain 1.024.000 $ (or 800% Profit) in the next 4 months.
I said:

Quoting Favorite
Do you think you are the first one who did all this math? You're talking exactly like all these newbies in the "Rookie Section". Have you ever heard about withdrawing part of the profits? About taxes? About brokers' lot size limits? Do you really think that doubling even a small account every month is that easy?
As you can see, I asked some specific questions, about withdrawing part of the profits, about taxes, about brokers' lot size limits (so far it is all about the math and money management, not about the psychology), about doubling even a small account every month being not that easy.

And our good Doctor answered this:

Quoting doctortyby
Exactly my point.
I couldn't have said it better to prove what I am trying to pinpoint about those 10.000 Hours of Training and Experience spent by some of the "expert" traders trying to focus on the problems instead of finding solutions.

Of course, an important task is that of defining the problems, and to be aware of them...
Any comments?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #140
  • Sep 20, 2011 2:26pm Sep 20, 2011 2:26pm
Quoting bumapatria
so thats the problemm..
You got it!
Gentlemen always play by the rules. If they can't, they change the rules.
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