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Technical Analysis Fallacy

  • #43,561
  • Oct 17, 2013 1:10am Oct 17, 2013 1:10am
Quoting fti
{quote} ????????? {image}
A mother can take care of many children, then when she is old and senile, can all her children take care of her?

Loses something in translation maybe...

Literally: A mother can take care of children, many individuals. When she is old and senile the many people (children) can take care of Mother, just one individual?

EDIT: Sorry, I can't put it better than that....the meaning is probably, "As a mother can take care of many children, it should not be too much to ask for her many children to take care of her (as she is just one person and they are many) when she is old and frail"

(EDIT2: Sorry - perhaps you didn't want to know that)
  • #43,562
  • Edited 3:05am Oct 17, 2013 2:36am | Edited 3:05am
Quoting ukmanthailan
{quote} A mother can take care of many children, then when she is old and senile, can all her children take care of her? Loses something in translation maybe... Literally: A mother can take care of children, many individuals. When she is old and senile the many people (children) can take care of Mother, just one individual? EDIT: Sorry, I can't put it better than that....the meaning is probably, "As a mother can take care of many children, it should not be too much to ask for her many children to take care of her (as she is just one person and...
Burp....rrrrrrr
what month is it?

used to drink lots Bier.
now drink lots Wasser instead
still eat lots Brot and sourcrot.
Lots Senf on dog please.

wo das Angebot, kommen oben
kas ke biden.
Ihre !

>Scheibe, verpasste ich es

Es ist mir egal, Sie sind gefüllt $10

regards

Inserted Video
  • #43,563
  • Oct 17, 2013 2:58am Oct 17, 2013 2:58am
I don't drink beer any longer either.

I think I have finally managed to come to grips with full-time trading. There have been three occasions in the last five months when I had stupid ego moments that led to me sustaining losses of roughly 15%, 18% and 20% of my starting capital. Each time I took a short break, downsized my positions and then spent a few weeks recovering the losses. Each time I swore it would be the last. In fact, the last time it happened, around a month ago, I was about ready to pack it in and go back to my day job.

As of today, I have recovered all my losses and am now around 3% in profit. Not much for five months work but I am happy that I have managed to fulfil the first condition for success: not losing any money! Whatever happens from now on, I am pleased with my accomplishments so far. I have learned a little about the markets and a lot about myself.

The fact that I could make regular, steady profits for a month and then blow everything in a couple of hours led me to believe that I had a serious ego problem but that I was able to read the markets well enough to make a living from them if I could master my ego. If I had just spent the last five months going up and down randomly, I would have concluded that I had no idea what I was doing and stopped doing it.

I am forever grateful for the information you have freely given in this thread and the fact that it has given me the chance to do something I love, and to learn (and hopefully earn!) so much.

Best Regards

Mark
  • #43,564
  • Oct 17, 2013 3:03am Oct 17, 2013 3:03am
Quoting ukmanthailan
I don't drink beer any longer either. I think I have finally managed to come to grips with full-time trading. There have been three occasions in the last five months when I had stupid ego moments that led to me sustaining losses of roughly 15%, 18% and 20% of my starting capital. Each time I took a short break, downsized my positions and then spent a few weeks recovering the losses. Each time I swore it would be the last. In fact, the last time it happened, around a month ago, I was about ready to pack it in and go back to my day job. As of today,...


regards
  • #43,565
  • Oct 17, 2013 3:32am Oct 17, 2013 3:32am
Quoting ukmanthailan
I don't drink beer any longer either. I think I have finally managed to come to grips with full-time trading. There have been three occasions in the last five months when I had stupid ego moments that led to me sustaining losses of roughly 15%, 18% and 20% of my starting capital. Each time I took a short break, downsized my positions and then spent a few weeks recovering the losses. Each time I swore it would be the last. In fact, the last time it happened, around a month ago, I was about ready to pack it in and go back to my day job. As of today,...
Well done. Keep up the good work. All the best with your trading. Ray
  • #43,566
  • Oct 17, 2013 4:06am Oct 17, 2013 4:06am
Quoting 1234
{quote} Well done. Keep up the good work. All the best with your trading. Ray
Thanks very much Ray. I wish you good fortune too.

Up until recently I had been working (freelance writing) for somebody that I really didn't like; a petty-minded person who seemed to enjoy being as difficult as possible for no reason at all. I have wanted to stop working for him and do something that I really enjoy for a long time now. It is only recently, now that I feel I have begun to conquer my ego, that I feel confident I can survive and make money on my own terms.

It isn't just a way of making a living that fti has given me; he has given me back my self-respect and I cannot put a price on that - it's invaluable to me.

I know that probably sounds a bit overemotional or over dramatic to some, but I've managed to weather the storm of my own stupidity and come out the other side with my book intact, purely thanks to the lessons I have learned on here. I literally feel like a new person. I can't express exactly what it means to me because words fail me. Anybody who has been down the same road will know what I mean though, I am sure.
  • #43,567
  • Oct 17, 2013 5:49am Oct 17, 2013 5:49am

i have the wierdest friends.

regards
Attached Image
  • #43,568
  • Oct 17, 2013 5:55am Oct 17, 2013 5:55am
Quoting ukmanthailan
{quote} Thanks very much Ray. I wish you good fortune too. Up until recently I had been working (freelance writing) for somebody that I really didn't like; a petty-minded person who seemed to enjoy being as difficult as possible for no reason at all. I have wanted to stop working for him and do something that I really enjoy for a long time now. It is only recently, now that I feel I have begun to conquer my ego, that I feel confident I can survive and make money on my own terms. It isn't just a way of making a living that fti has given me; he has...
slow and steady, cannot rush.


regards
  • #43,569
  • Oct 17, 2013 6:05am Oct 17, 2013 6:05am
Quoting fti
. {image}

I am working on a new mindset towards trading, it's called "craftsman mindset"
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  • #43,570
  • Edited 10:00am Oct 17, 2013 9:47am | Edited 10:00am
Quoting 4tiger
{quote} I am working on a new mindset towards trading, it's called "craftsman mindset" {image}
I see.
OK.
but after you chop it off preserve in bottle, i think you cannot reattach it again.
anyway thats what i heard about the eunuchs. may be nowadays they can reattach?
may grow NEW stem cells. maybe. i not very sure.
you try lor. keep me in the loop but no need show me the part. I also have so i know how its like.
NEW or old, they all look the same.

Mostly wash clean clean then is like new.
mostly peeps think theirs new after wash.

regards
  • #43,571
  • Oct 17, 2013 10:02am Oct 17, 2013 10:02am
If chopping it off is a prerequisite for success I'm not sure I have the dedication to succeed
  • #43,572
  • Edited 10:15am Oct 17, 2013 10:04am | Edited 10:15am
Quoting ukmanthailan
If chopping it off is a prerequisite for success I'm not sure I have the dedication to succeed
oh you too?
new huh?
ok then that makes it a trend.

regards
  • #43,573
  • Edited 10:18am Oct 17, 2013 10:07am | Edited 10:18am
add curry would be delicious?
monk food.
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  • #43,574
  • Oct 17, 2013 10:21am Oct 17, 2013 10:21am
but this my specialty.

oh same old prawns, not new.

regards
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  • #43,575
  • Oct 17, 2013 10:47am Oct 17, 2013 10:47am
Quoting fti
{quote} oh you too? new huh? ok then that makes it a trend. regards
In this case, I'm really not sure that the trend is my friend
  • #43,576
  • Oct 17, 2013 10:55am Oct 17, 2013 10:55am
Quoting ukmanthailan
{quote} In this case, I'm really not sure that the trend is my friend
oh that not important.
make pips is.

the new stuff is for manipulate others mindset.
to part with their parts.....ooops pips.


regards
Attached Image
  • #43,577
  • Oct 17, 2013 11:14am Oct 17, 2013 11:14am
Quoting fti
{quote} oh that not important. make pips is. the new stuff is for manipulate others mindset. to part with their parts.....ooops pips. regards {image}
that is a good one....

V
  • #43,578
  • Oct 17, 2013 11:47am Oct 17, 2013 11:47am
Quoting fti
{quote} oh that not important. make pips is. the new stuff is for manipulate others mindset. to part with their parts.....ooops pips. regards {image}

Mr. FTI(sir), quick question for you,
when is the right time(approx)in EST, to find out LOW of the day & HIGH of the day in EUR/US or any pair.
plz reply. thanks,

regards
Ashraf
  • #43,579
  • Edited 12:46pm Oct 17, 2013 12:24pm | Edited 12:46pm
Quoting fti
{quote} I see. OK. but after you chop it off preserve in bottle, i think you cannot reattach it again. anyway thats what i heard about the eunuchs. may be nowadays they can reattach? may grow NEW stem cells. maybe. i not very sure. you try lor. keep me in the loop but no need show me the part. I also have so i know how its like. NEW or old, they all look the same. Mostly wash clean clean then is like new. mostly peeps think theirs new after wash. regards
that was my bad, I forgot to clarify...

"Cal Newport debunks the long-held belief that “follow your passion” is good advice... Matching your job to a preexisting passion does not matter... Passion comes after you put in the hard work to become excellent at something valuable, not before. In other words, what you do for a living is much less important than how you do it."


fti, I'm curious, did you have a passion for flying before you learned how to pilot a plane? or did you gain your passion after putting in work to learn the skills?
and how about as to your trading career? if you don't mind me asking.

The craftsman mindset is, in my own words, putting in the hours and working smart. But people who put in the same amount of hours will have different amounts of success. Those that succeed the fastest work smart, they also have input from mentors/experienced individuals, this constant practice and correction helps them along quickly.

I spend too much time on the forums, but before I cut back, some tips on practicing smart would be great. (Should just practice the dance and the skew?)
  • #43,580
  • Oct 17, 2013 2:48pm Oct 17, 2013 2:48pm
Quoting Sevenskies
{quote} Mr. FTI(sir), quick question for you, when is the right time(approx)in EST, to find out LOW of the day & HIGH of the day in EUR/US or any pair. plz reply. thanks, regards Ashraf
why am i awake at unearthly hours?
oh short nap only.

oh thats easy, i thought you had difficult question.
ny closing, thats the best time determine high and low of the day.
after 2 hours twinlight zone , welligton starts new day.

regards
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