{quote} "Bulls make money. Bears make money. Pigs gets slaughtered." STFU pig. You don't know shit about trading.
- #222
- May 8, 2015 2:23am May 8, 2015 2:23am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
{quote} Thats a great video Medici, it pretty much nails the difference between winners and losers.. how many people have the x factor to go the extra mile.. most people don't have it..
Glad you like it
A rich source of reflection, I think. There's the pragmatic aspects, such as dealing with setbacks being a core skill for traders, but also more subtle, such as the words at 1:20: "Professional snooker, in my opinion, is a moral equivalent of war."
Traders have a lot to learn from the warrior cultures of the world. For example, a deeper understanding of how to deal with setbacks can be obtained in Hagakure, the ancient book of samurai philosophy:
"The calculating samurais must inevitably turn into cowards. Their calculation deals with whether they can gain profit or suffer loss. They cannot stop constantly referring to the idea of loss and gain. They think of death as loss and life as gain. No wonder they dislike death. That is why they become cowards. And the men of learning hide their cowardice behind the screen of their intellect and oratory eloquence. People tend to misjudge them."
- #223
- Edited 6:39am May 9, 2015 2:32am | Edited 6:39am
- Joined Jan 2009 | Status: Learning life... | 8,355 Posts
{quote} Glad you like it
Start the process of every trade as if its the sunrise of a new day... as yesterday means nothing..
Nice post medici
Memories caught in time but never forgotten
- #224
- May 11, 2015 6:21am May 11, 2015 6:21am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
{quote} Over the years of surfing FX message boards I have read a huge amount on this type of subject but in the end it really comes down to us being able to find out who and what we are....and if we really fit into the world of making money and not just being part of liquidity..can we actually make money over years >period< and not a few months here and there.. for most the harsh reality is brutal. Start the process of every trade as if its the sunrise of a new day... as yesterday means nothing.. Nice post medici
Embarking on that journey one is faced with the task of finding the inner resources to master the challenges (such as described by Terry Griffiths) and come out victorious. One way of describing these inner energies or resources is through Carl Jung's concept of archetypes. The Warrior archetype is one of the four masculine archetypes. It is described, for example, here: http://www.artofmanliness.com/2011/1...e-the-warrior/
The final word goes to Don Juan Matus in Carlos Castaneda's Journey to Ixtlan:
"To seek the perfection of the warrior's spirit is the only task worthy of our temporariness, our manhood."
- #226
- May 26, 2015 12:28am May 26, 2015 12:28am
- | Joined Jun 2012 | Status: Some Guy, aka Pelt | 143 Posts
Coffee-Talks with CrucialPoint: Mental InsanityWhat if today was the first day of trading and trading never existed before today? What would your signals rely upon? Hypothetically speaking, what if the president banned all price history and is deleted in an instant? Does that mean you will never have the opportunity to trade because you can't figure out a signal to buy or sell?... because your signal/system to enter the market is reliant on historical data.
If today where the first day of trading, and trading had never existed before today, would one still have certain ideas about the market? By that I mean, would you know that the market moves Up and Down? Would you know on average how much it moves each day, how often it gyrates up and down intraday, and of what size approximately it moves up and down?
On the first day of trading, you would just have to be a trend follower. If price is going up, you buy, and hold until price starts to reverse. It would be just like reading the tape. Pure trading in the now. No guessing the future, or charting the past. Just reacting to the moment.
Live today like theres no tomorrow-- Prioritize like you will die today
Respect & Credit to the Master 
This is what the "Edited version" looks like.
Before you can do all those fancy things, someone needs to show you the reality; Non-edited version.
Remember this: Once you've damaged yourself, there is a point where you simply CAN NOT continue to go on.
So it is very important to do it RIGHT as you go along and not simply going at it carelessly.
You may get a laugh looking at the failures, but if you've never injured yourself, you couldn't even imagine the pain. I was going to put up the death from Parkour captured on video, but it is simply too traumatizing to watch. What you just saw is no different to trading.
If you are not careful with trading, it can ruin your life.
===================================
I did a little research on Parkour's beginning and to my surprise the information has been diluted. So I'm going to enlighten you where it all began and give credit to the Master himself. It could be controversial to some, the only counter argument/evidence I can say and present is that this Master was doing it long before the founder of Parkour began.
I'm sure you've seen some pretty cool movies, where it simply blows your mind out of this planet. The scenes are really old, but I'm sure it will still blow your mind. Most of those fancy Hollywood scenes was done long ago by this Master. And when this Master went to Hollywood, they actually mellowed/diluted down his creativity and what you see is not close to what this Master is capable off. Take a good look at every stunt and see if you can recall to what movies you saw them from.
Hear the Master speaks, himself, on the PHILOSOPHY and PRINCIPLES and apply it to your trading (pay close attention). Hopefully you can prevent yourself from seriously harming yourself when it comes to trading and life in general. And to approach trading in a Professional way... Not the Amateur way.
Peace,
CrucialPoint
This is what the "Edited version" looks like.
Inserted Video
Before you can do all those fancy things, someone needs to show you the reality; Non-edited version.
Remember this: Once you've damaged yourself, there is a point where you simply CAN NOT continue to go on.
So it is very important to do it RIGHT as you go along and not simply going at it carelessly.
Inserted Video
You may get a laugh looking at the failures, but if you've never injured yourself, you couldn't even imagine the pain. I was going to put up the death from Parkour captured on video, but it is simply too traumatizing to watch. What you just saw is no different to trading.
If you are not careful with trading, it can ruin your life.
===================================
I did a little research on Parkour's beginning and to my surprise the information has been diluted. So I'm going to enlighten you where it all began and give credit to the Master himself. It could be controversial to some, the only counter argument/evidence I can say and present is that this Master was doing it long before the founder of Parkour began.
I'm sure you've seen some pretty cool movies, where it simply blows your mind out of this planet. The scenes are really old, but I'm sure it will still blow your mind. Most of those fancy Hollywood scenes was done long ago by this Master. And when this Master went to Hollywood, they actually mellowed/diluted down his creativity and what you see is not close to what this Master is capable off. Take a good look at every stunt and see if you can recall to what movies you saw them from.
Inserted Video
Hear the Master speaks, himself, on the PHILOSOPHY and PRINCIPLES and apply it to your trading (pay close attention). Hopefully you can prevent yourself from seriously harming yourself when it comes to trading and life in general. And to approach trading in a Professional way... Not the Amateur way.
Inserted Video
Peace,
CrucialPoint
- #233
- May 31, 2015 8:34pm May 31, 2015 8:34pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
The Cone of Learning :nerd:
You would notice that a lot of my posts are metaphors and analogies. This is because you need to understand the cone of learning. You can read a lot of materials, but you may not be aware that your retention and learning process is at its lowest form. Now, your cognitive bias will be telling you that you learned the material and that you are confident that you learned the material. But unfortunately, there is no teacher to shove your face to a big F (failure). It's no different to a cognitive bias that if you interview couples who are about to get married, that 95% of them will tell you that that they will last till death do they part. Unfortunately, statistics show that 50% of marriages ends in divorce (depending whichever country).
So at times there are the people who really don't understand this "Philosophy" mumbo jumbo... some esoteric, vague, ambiguous post or thread...
I guess that's just too bad... for that kind of person.
Peace,
CrucialPoint
You would notice that a lot of my posts are metaphors and analogies. This is because you need to understand the cone of learning. You can read a lot of materials, but you may not be aware that your retention and learning process is at its lowest form. Now, your cognitive bias will be telling you that you learned the material and that you are confident that you learned the material. But unfortunately, there is no teacher to shove your face to a big F (failure). It's no different to a cognitive bias that if you interview couples who are about to get married, that 95% of them will tell you that that they will last till death do they part. Unfortunately, statistics show that 50% of marriages ends in divorce (depending whichever country).
So at times there are the people who really don't understand this "Philosophy" mumbo jumbo... some esoteric, vague, ambiguous post or thread...
I guess that's just too bad... for that kind of person.
Peace,
CrucialPoint
How long does it take to Rob a Bank?
a) Tick seconds
b) 1 minutes
c) 5 minutes
d) 15 minutes
e) 30 minutes
f) 1 Hour
g) 4 Hours
h) 1 Day
Don't confuse "Preparation Time" versus "Actual Robbing Time".
Preparation Time: All the planning, getaway car, drilling or blowing up, etc...
Actual Robbing Time: The moment you walk in the bank and the moment you walk out.
Peace,
CrucialPoint
a) Tick seconds
b) 1 minutes
c) 5 minutes
d) 15 minutes
e) 30 minutes
f) 1 Hour
g) 4 Hours
h) 1 Day
Don't confuse "Preparation Time" versus "Actual Robbing Time".
Preparation Time: All the planning, getaway car, drilling or blowing up, etc...
Actual Robbing Time: The moment you walk in the bank and the moment you walk out.
Peace,
CrucialPoint
- #238
- Edited Jun 14, 2015 12:45am Jun 13, 2015 9:50pm | Edited Jun 14, 2015 12:45am
- Joined Nov 2014 | Status: LearnAlways | 75 Posts
Desiderius Erasmus :nerd: {image} "Prevention is better than cure." ~ Desiderius Erasmus Peace, CrucialPoint
Could you please kindly point out WHAT is the thing that we should prevent? We can only do something about it only if we know WHAT it is. Please pardon me for my stupidity. Thanks a lot.
P.S: I just want to hear what CrucialPoint have to say even though I already have my own answer but I just wanted to hear what he said, definitely not my own thoughts, I mean what's the point of hearing or voicing my own then, how I can ever learn? I mean I do not want to be caught up by my own limited pre-conception.
Best Regards,
LearnAlways
I only know I know nothing
- #239
- Jun 14, 2015 12:32am Jun 14, 2015 12:32am
Desiderius Erasmus :nerd: {image} "Prevention is better than cure." ~ Desiderius Erasmus Peace, CrucialPoint
Seeing this is the only place you frequent, I apologise but I need to divert you abit from the subject of this thread.
Prevention is better than cure, an infallible truth, if you play with fire, you will get burned, to prevent getting burned when you see smoke you douse it with water. In trading every trader who knows his/her bits, knows to prevent being caught in 'ranging' markets, by ranging, I would like to specify this as dependent on the traders pip appetite, anyway back to the question.
How to define a ranging market during 'live' trading? Can you give an example based on a defined pip appetite, your boundary conditions for how a ranging market would materialize itself, so you would know to dodge.
