If It's All About making Money?

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Old Feb 17, 2005, 1:12am   #1
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If It's All About making Money?

Then why so many arguments?
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Old Feb 17, 2005, 1:34am   #2
 
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Actually it is very simple. The bottom liine is not about making money. It is about being right, consistently right. To be consistently right requires effort. But this effort is not physical or tangible, it is abstract.

Overcoming the difficulties presented by what is an abstract concept is what defeats the great majority as early as the first hurdle, because none of this is constructed for their benefit according to the rules used for nearly everything else in modern life. This is different. Its unfamiliarity and cold and cruel verdicts are too much for ordinary people to cope with according to the habits they have acquired over a lifetime.

As many are not prepared or willing to change their acquired habits which incidentally include responses, they attempt and persist in attempting to conquer this repeatedly according to what they percieve incorrectly is the way to deal with a yes ~ no scenario. Their approach, which may well work for everything else except this is ineffectual in dealing with the problem of yes and no, irrevocable yes and no.

I say this because in evrything else except birth and death and age, everything else is repairable or subject to modification after the event, but not this. This is a bitter pill for many people to swallow.
They refuse to take the medicine. They now seek other remedies that do not work.

To make the problem even worse, the outcomes have a percieved value. When these outcomes do not materialise as expected as a consequence ot the above, and additionally through lack of information, correct information, then all sorts of somersaults are done in order to avoid having to change.

The information which appears to be the easiest to grab, that is the most convenient at hand is the one chosen, but frequently not the right one. This leads to frustration and argument, accusations, and so on,because the target remains the acquisition of wealth or perceived sudden wealth, whereas the root problem of incorrect thought is not addressed, because to do this is the opposite of what the ego expects and demands.

Therefore the ego is at the root cause of all this. Money is the ingredient that clouds the issue. If you were to remove the monetary element the problem, which in large measure is one of perception and attitude, would be easier to solve.
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Old Feb 17, 2005, 1:45am   #3
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Quote:
Originally Posted by RUDEBOY
Then why so many arguments?
Human nature I guess!

And, given that the members of this site collectively represent a microcosm of the Market with its inherent diametrically opposed views, then for every view there is going to be an opposite view! Hence the arguments about everything under the sun!

All I can say is, "If it works for you , then ignore everyone else!" ... but if it doesn't work for you then sift through the "static", work out the facts for yourself in an objective manner, don't allow yourself to be influenced by anything apart from your powers of deduction and logic, always keep an open mind and have the humility to take on someone else's ideas! And, let's face it, no one's going to know, because we're all anonymous here, so pride/ loss of face doesn't come into it, unless you stick your head above the parapet and allow yourself to get sucked in.

Personally, I recognise that I cannot change the pig headedness of others so I don't bother. And anyway, allowing yourself to be sucked in can ultimately be damaging. So leave them to it and get on with your own thing, measure it by the results you achieve, and act on those measurements accordingly!
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Old Feb 17, 2005, 1:56am   #4
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I must have been typing my effort at the same time as Socrates as it appeared above mine when I submitted it!

I think the following saying sums up what I'm saying:

"Grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference"
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Old Feb 17, 2005, 2:02am   #5
 
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Yes, it is all about acceptance. But the added difficulty in trading is that you have to accept that to change your outcomes you have to be prepared to first change yourself, and then your posture towards all of this.
This the majority of people are not able or willing to do. If they were brave enough and determined enough in their resolve to do so, everything would be different. Actually is very sad because many are within inches of getting there, but they prevent themselves from moving forward.
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Old Feb 17, 2005, 10:59am   #6
 
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Hmm, but in a zero sum game there have to be predators and prey, if everyone conquered their demons things really would get difficult.
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Old Feb 17, 2005, 11:19am   #7
 
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Quote:
Originally Posted by roguetrader
Hmm, but in a zero sum game there have to be predators and prey, if everyone conquered their demons things really would get difficult.
I agree wholeheartedly with your comment. But those who truly aspire to succeed have to harden their resolve to conquer all their demons. It is like standing on a plank, blindfolded.

If you are told that the plank is on the ground or the floor, your natural propensity is not to feel nervous.

But if you are told the plank is suspended at a height of 40 feet this is likely to make you vey nervous indeed.

In both cases it is a matter of perception.

A similar situation develops when on the one hand paper trading, and on the other trading live.

It is a matter of the ability and willingness of the aspirant to conquer his demons as viewed through his or her own perceptions as a matter of priority that leads to success, notwithstanding the fact that a solid foundation of knowledge has to underpin this first..

It is no good trying to conquer any demons without being able to identify them first, and their underlying causes.
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Old Feb 17, 2005, 11:26am   #8
 
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An excellent analogy.
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