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  • #21
  • Jan 4, 2015 1:21am Jan 4, 2015 1:21am
Great post. Agree totally. Everyone has a trading personality that only the trading environment reveals.


Quoting Copernicus
Interesting thread Chicky. Thanks for that. The brain is an amazing organ but incredibly powerful in it's trickery. It must be noted that thought itself is a composite result of past experiences with an incredible amount of inbuilt bias built into it. Most of us assume that what our thoughts tell us is unbiased and rational however unfortunately, those thoughts and ultimately the behaviour that is manifest by those thoughts and even the physiological response, are a result of pre-conditioned programming associated with our memories. The only way...
Audentes Fortuna Juvat
  • #22
  • Jan 4, 2015 1:23am Jan 4, 2015 1:23am
Quoting Nijee
The BS factor is everywhere. And I mean everywhere. It is an industry in itself and self perpetuating. Been told I need a life coach to be more positive! What is lacking is common sense. It just isn't that common anymore.
People don't need common sense, they now consider themselves smart. No need for a common sense. Here is the list of all 8 senses a human being has:
1. See
2. Touch
3. Smell
4. Listen
5. Hear

6. Sixth Sense

7. Common Sense

8. Nonsense

Please indicate the ninth if you can think of one.
The Thief of Wall Street
  • #23
  • Edited 1:36am Jan 4, 2015 1:26am | Edited 1:36am
Quoting Chicky
{quote} People don't need common sense, they now consider themselves smart. No need for a common sense. Here is the list of all 8 senses a human being has: 1. See 2. Touch 3. Smell 4. Listen 5. Hear 6. Sixth Sense 7. Common Sense 8. Nonsense Please indicate the ninth if you can think of one.
Flatulence......ooops that's not a sense in the strict definition. /tic

The 5 sensory cells in humans:

  1. Chemoreceptors (taste and smell);
  2. Mechanoreceptors (touch, hearing, balance and proprioception);
  3. Thermoreceptors (thermal sensitivity);
  4. Pain receptors (pain and itching); and
  5. Photoreceptors (vision).

Only a small part of these senses are used in reading the markets (eg. vision, hearing).

The markets are driven by human behaviour which often is senseless. :-)

  • #24
  • Jan 4, 2015 1:29am Jan 4, 2015 1:29am
Quoting Copernicus
{quote} Flatulence......ooops that's not a sense in the strict definition. /tic
We don't teach the rules of business (or whatever), we make them. If I say its a sense, its a sense.
The Thief of Wall Street
  • #25
  • Jan 4, 2015 1:38am Jan 4, 2015 1:38am
Quoting Chicky
{quote} Can you just Google how much income is created by work and how much through investment? Work is for fools. I am 1%, means, get my income without working like an ass. I reserve my right to say if any kind of thinking is required to trade, positive or negative. All you need is insider information. Let rest of them toil with their trend-lines, s/rs, fucking numbers, patterns and funny fundamentals


Can you just Google how much income is created by work and how much through investment?
==> a lot, lot more is creating "by work"


get my income without working like an ass.
==> provided you work smart ... Difficult to do with retail spot forex given it's gambling and can never match a real business or real work that benefits society and therefore is highly rewarded.
  • #26
  • Jan 4, 2015 3:13am Jan 4, 2015 3:13am
Quoting Mingary
{quote} Can you just Google how much income is created by work and how much through investment? ==> a lot, lot more is creating "by work" get my income without working like an ass. ==> provided you work smart ... Difficult to do with retail spot forex given it's gambling and can never match a real business or real work that benefits society and therefore is highly rewarded.
I would like to talk about a real work that benefits society. A real work meaning industrial production or any form of production where one raw material is converted into useful product. On the other hand I would also like to talk about services industry which by your approach is the same as trading Forex, selling nothing out of nothing.

I would also like to ask a question. If the work is so important why are the people who work underpaid? Why are there so many unsatisfied souls living on this Earth, working for minimal wagers? They are working for 60$ a day in US and 12$ a day in China...why is everything material and social status of a person is measured on how much he earns?
  • #27
  • Jan 4, 2015 3:21am Jan 4, 2015 3:21am
I don't think it is a productive exercise determining whether as retail traders we positively contribute or not to society. The bottom line is that we help to grease the machine and act as economic intermediaries that assist in transferring risk and wealth around the economy. Whether it stays in our hands of course is another matter and many of us directly assist in the transfer of wealth to others albeit not by philanthropic intent. We all eat and pay our dues and assist in economic growth.

We are not creating nothing. We actually are creating necessary opportunity and liquidity in global economics whether we like it or not and indirectly assisting in employment growth by creating the necessary vacancies in productivity for others to fill.

I tip my lid to us traders doing their thing!!!! :-)
  • #28
  • Jan 4, 2015 3:46am Jan 4, 2015 3:46am
Quoting Chicky
Positive thinking is the only bullshit philosophy that America has contributed to human thought – nothing else. Dale Carnegie, Napoleon Hill, and the Christian priest, Vincent Peale – all these people have filled the whole American mind with this absolutely absurd idea of a positive philosophy. And it appeals particularly to mediocre minds. Dale Carnegie’s book, HOW TO WIN FRIENDS AND INFLUENCE PEOPLE, has been sold in numbers just next to the Christian Bible. No other book has been able to reach that popularity. The Christian Bible should not be...
A good one !

I have decided to reply the thread just because of my reading the above books when I was in a high school. It was interesting to read them...

Positive/negative thinking is just a modality.

Oxford Medical Dictionary gives us two definitions of the modality:

1) a form of sensation, such as smell, hearing, tasting, or detecting temperature. Differences in modality are not due to differences in the structure of the nerves concerned, but to differences in the working of the sensory receptors and the areas of brain that receive the messages.

2) one form of therapy as opposed to another, such as the modality of physiotherapy contrasted with that of radiotherapy.

Just thinking of growing rich does not make you rich. Action is required.

In order to act one should be enthusiastically motivated.

So in the end the only two things do matter - ENTHUSIASM (as a driver for motivation) and of course BELIEF (that things you are doing bring you to the result you are thinking of).

Best,
D.P.
Hunting High and Low
  • #29
  • Jan 4, 2015 4:02am Jan 4, 2015 4:02am
So your first mistake is that you think positivity = money.

Also read Zen philosophy or Buddhism philosophy it will help clean all that mess in your head. You will thank me after you do it

Wish you all the best.
  • #30
  • Jan 4, 2015 4:07am Jan 4, 2015 4:07am
Quoting Dr.Phoenix
{quote} A good one ! I have decided to reply the thread just because of my reading the above books when I was in a high school. It was interesting to read them... Positive/negative thinking is just a modality. Oxford Medical Dictionary gives us two definitions of the modality: 1) a form of sensation, such as smell, hearing, tasting, or detecting temperature. Differences in modality are not due to differences in the structure of the nerves concerned, but to differences in the working of the sensory receptors and the areas of brain that receive...
Nice Dr P :-)
  • #31
  • Jan 4, 2015 4:25am Jan 4, 2015 4:25am
Think and grow rich stuff (along with the whole law of attraction stuffs) are 99% bullcrap.
But, there is some 1% of mistery that work, if you have experienced a wave of success you may know about that special magic that is present during the period.

Of course when you have success you think positively and have a positive expectation, but those are some of the effects that a success can give you, they are surely not the cause of success (and this is where the whole law of attraction stuff collapse, napoleon hill for example, was a strong beliver that positive thinking and positive beliefs are the things that do bring success, crap).

Napoleon hill studied thousands of successful people, and they all have in common these tracts, yet these tracts are what comes after success, NOT what create success.

For me what can give you success is the exact opposite of what all these attractions craps claim, in order to have success you NEED to be totally fully awake most of the time, this mean get one step above the mind filters of how you perceive reality.
In other words, see things for what they are, without any positive (forced, so FALSE) thinking attached to it, without any whatsoever belief at all!
Beliefs are the worst thing you can have, they are all FALSE, just remember anytime you have a belief (no matter if a positive or a negative one) it means you are not seeing things for what they really are, you are just seeing the mind's fabricated version of it.

To be awake you need to be present, you need to be here, you need to be out from the wonderland of your thinking mind, not all the time, just most of the time, see things clearly, only then you have some chances of make some great actions that lead to success.

Forcing yourself to have a positive fabricated thinking and positive fabricate beliefs will be only make you more asleep.
  • #32
  • Jan 4, 2015 4:36am Jan 4, 2015 4:36am
I am a long time visited of FF, but not a poster... However, this thread has motivated me to post.

i have been at this game for seven years now and generally blown most of my money. My style of trading has been swing/continuation, aswell as trying to pick out double tops/bottoms and head/shoulders ( I have seen on the charts huge runs after these technical patterns).

Anyway, in October 2014 I decided to commit to finding a big move then trading that and pyramiding ( adding to my position and moving stop losses quickly). I noticed on a small inverse head and shoulders on the EUR/JPY on a 4hr chart and put a long order ten pips above the neck line. I got filled and very quickly I ran up 50 pips. I looked at the 5 minute chart and there was a nice bull flag forming... Stop loss break even.. Then I put another position on. I continued to do this for a number of days and was brimming with confidence, spotting technical levels and was feeling very positive. As you can see from my attached image.. There screenshot shows £20,390 profit... I started with £1500.

When December came around big institutions started to unwind their positions and the pair whipsawed and I started to loose confidence, widening stops and became negative in my thoughts. I was placing trades and as soon as they went a couple of grand in the red I was covering... Only to see them rally the next day to a point where a profit would be realised. At my peak the £1500 could have netted me £34,000.. I ended up with £11,354.. Still not bad, but a great example of emotions/positivity vs trade management ( or crap money management should I say
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  • #33
  • Jan 4, 2015 4:40am Jan 4, 2015 4:40am
Quoting tunera
just remember anytime you have a belief (no matter if a positive or a negative one) it means you are not seeing things for what they really are, you are just seeing the mind's fabricated version of it. To be awake you need to be present, you need to be here, you need to be out from the wonderland of your thinking mind, not all the time, just most of the time, see things clearly, only then you have some chances of make some great actions that lead to success. Forcing yourself to have a positive fabricated thinking and positive fabricate beliefs will...
I am going to pin that to my board tunera to constantly remind me. Excellent post.

The negative feedback loops associated with a negative mindset can be disastrous for ones mental health. The result is that each negative result you incur is magnified mentally (reinforced) to the extent that in some cases it translates to negative behavioural symptoms and a possible death spiral. A positive mindset can be just as harmful in that your reinforced positive behaviour makes you feel invulnerable. Being always right in a world of probability is going to end in tears. To be able to step outside your thoughts and critically assess why you are feeling this way at least allows you to determine rationally whether your actions are coherent with dealing with life.

So many of us are irrational thinkers in that through our actions we actually compromise our ability to survive on this planet. Evolution has given us a great brain, it's just it really is a disservice if we don't use it correctly. The decisions we make in this market influence our lifestyle. If our decisions are coherent and consistent with market dynamics, we have nothing to fear and everything to gain as there are just so many irrational thinkers out there who unfortunately have been biased by their own mindset :-)
  • #34
  • Jan 4, 2015 5:11am Jan 4, 2015 5:11am
Quoting tunera
Beliefs are the worst thing you can have, they are all FALSE.
Yes, you are right, if you mean "any bliend belief". It is totally false.

But if I say "belief", I rather mean "indestructible intention in doing things whatsoever". That is a little bit different, I suppose.

Best,
D.P.
Hunting High and Low
  • #35
  • Jan 4, 2015 5:35am Jan 4, 2015 5:35am
nice thread!

i do belief in the concepts of ..

Mindfullness (Awareness)
Flow ( Peak performance)
Open-Minded
Duality

I also do believe in the concepts of Positive thinking and law of attraction , thou not in a naive close minded way!

If you have a goal in live and you work your way towards that goal , while beeing aware ,you will know and see doors open which will
lead you to that goal , not any door will have a positive expirience behind it , but how will you grow and learn if everything just
falls right into your lap? even the negative parts in live in foresight have their positive effect in the end, if u are aware of the context ,
ie. you and the whole.... /(non-judgemental)

one could say , that all those "self help" positive thinking books are just another pill for naive , lost people out there to swallow
in the hopes that their lives will change for good , in some magical way ... just simillar to people chasing the holy grail in trading

but that aint happen if they are not tottaly and fully aware of onself and their sourroundings (positive and negative. ) hence getting caught up in a spiral of negative thoughts (thought process) and also positive thoughts , which both extremes will lead to self destructive behaviours in one or the other way,

however if one is aware , one can learn and grow from negativity then act and evolve in a positive way ,
  • #36
  • Jan 4, 2015 6:05am Jan 4, 2015 6:05am
Quoting tunera
Think and grow rich stuff (along with the whole law of attraction stuffs) are 99% bullcrap. But, there is some 1% of mistery that work, if you have experienced a wave of success you may know about that special magic that is present during the period. Of course when you have success you think positively and have a positive expectation, but those are some of the effects that a success can give you, they are surely not the cause of success (and this is where the whole law of attraction stuff collapse, napoleon hill for example, was a strong beliver...
Ditto...

Success is the last part of any achievement… and yet finds ourselves being told to see/feel/touch success first.

How can you do that if never experienced it yet!! by just pure imagination or make believe!!!
Well, in reality that’s not how it works… without confidence buildup through walks of necessary process, it will stay as nothing but just an imagination.

Here are the necessary steps that lead up to nonfictional success IMHO.

Passion… Road map… Activity… Persistence… Discipline… Patience… Diligence… If you do all that, you just might find out about your road maps worthiness, if , then you just may taste a bit of ------ > profitability ------ > Consistency ------- > Confidence… and only then and only then you can see/feel/touch ------- > Success.
Passion, Persist, Patience, Protect
  • #37
  • Jan 4, 2015 6:23am Jan 4, 2015 6:23am
Quoting Chicky
Positive thinking is the only bullshit philosophy that America has contributed to human thought – nothing else.
Right.
In a separate statement given to you by the Department of uninformed incomplete induction, the UK hasn't done anything significant in the field of literature, because we think Katie Price's book "Being Jordan" is bad and we have never heard of any other book from the UK.

k
  • #38
  • Jan 4, 2015 6:33am Jan 4, 2015 6:33am
Quoting FXEmpire
Passion… Road map… Activity… Persistence… Discipline… Patience… Diligence…

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  • #39
  • Jan 4, 2015 8:18am Jan 4, 2015 8:18am
Quoting Chicky
{quote} But do something that makes you rich. We never decided to get into this trading shit for peanuts, so why deviate now from our aims? Double or nothing. If nothing, start all over again. Someday we will get there.
My thoughts exactly,,, Im done with the meager 1 or 2% risk and trading at less than 10:1,,,,, max leverage and hammer down this year, if I cant make some sizeable coin and make a living off this by now my time would be better spent on a hobby or something else besides sitting in front of a screen, missing out on life which goes by so fast. Explosion or implosion one or the other, its go time.
  • #40
  • Jan 4, 2015 8:48am Jan 4, 2015 8:48am
The Power of Positive Thinking :-)

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