my journal 3
This is a discussion on my journal 3 within the Trading Journals forums, part of the New Traders category; Holy cow... this is much worse than berlusconi. Except that if it happens in the US it's ok since there's ...
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| Legendary Member | Holy cow... this is much worse than berlusconi. Except that if it happens in the US it's ok since there's no free press. And just as expected, there's nothing on CIA-wikipedia on the pimp Larry King: Lawrence King - Wikipedia, the free encyclopedia There's something here: Johnny Gosch - Wikipedia, the free encyclopedia Johnny Gosch, Jeff Gannon, Hunter Thompson and the unraveling of a troubling tale. Told you - worse than berlusconi. That's what happens when everyone says "america is great.." and so on. People become arrogant and out of control. This "American Despot" documentary is one awesome documentary:
__________________ Read: E.P. Chan, Cogneau - Hubner, Martin Sewell, Gail Tverberg. Search: expected shortfall, historical VaR, Monte Carlo VaR, extreme value theory. Last edited by travis; Jun 19, 2012 at 6:02pm. |
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| | #866 |
| Legendary Member |
__________________ Read: E.P. Chan, Cogneau - Hubner, Martin Sewell, Gail Tverberg. Search: expected shortfall, historical VaR, Monte Carlo VaR, extreme value theory. |
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| | #867 |
| Legendary Member |
__________________ Read: E.P. Chan, Cogneau - Hubner, Martin Sewell, Gail Tverberg. Search: expected shortfall, historical VaR, Monte Carlo VaR, extreme value theory. |
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| | #868 | |
| Legendary Member |
Very good summary of why we did not go to the moon:The Apollo Hoax More good points here: NASA didnt go to the moon,prove me wrong Quote:
1) tv says so 2) others say so So this means that you believe it because the tv says so. Then, once you establish that TV has lied big time, especially in the US, then you realize it can lie again, and it may have lied before, and that's when you start analyzing the knowledge available, and, when you do that, you realize, among the many other frauds, that we did not land on the moon.
__________________ Read: E.P. Chan, Cogneau - Hubner, Martin Sewell, Gail Tverberg. Search: expected shortfall, historical VaR, Monte Carlo VaR, extreme value theory. | |
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| | #869 |
| Legendary Member |
Summary of the umpteenth trading experience, which yesterday came to an end as it does periodically. Starting in January, I used the systems and brought my capital from 4k to 13k. Then I started getting bored, about 2 or 3 months ago, and I engaged in my usual discretionary trading, and brought it back to below 2k, so now i can't trade anymore. In the meanwhile the selected systems would have brought capital all the way to 25k. Conclusion: there's dynamics in this situation that always make me end up blowing out the account. It's not deliberate, but rather it's subconscious... I think it's mainly about restlessness-boredom-frustration. I can learn about the markets, but I cannot change my restlessness, or at least it's a fact that I did not learn how to deal with it and its side effects. If I am bored, frustrated, and idle, I will always end up engaging in discretionary trading, and that will always make me blow out my account - year after year. This is not a feature of just me, and it doesn't just apply to trading. For me as for many other people, this applies to drinking, eating, sleeping, smoking... and other things. You will wisely appraise that some things are not good for you, but you will nonetheless end up doing them out of... boredom or whatever it is that makes you do them. Examples: some people smoke, going to sleep late and regretting it in the morning but then doing it again, eating more than you should, drinking more than you should... and the list is long. In my case it doesn't apply to every field of my life, but it applies to trading and to a few other things, as it is for everyone. We do not behave like an optimized computer program. I cannot even blame myself for this. I am not saying I will never manage to solve this problem. What I am acknowledging is that... for sure, we do not always do what we think is best for us, and we do not always feel the same at all times. In the morning you feel one way, in the evening you feel another way. When you're tired you think one way and when you're rested you think another way. That is already a partial explanation of why we don't always act the same way, and therefore we cannot decide "this is best for me, so I'll do it", because at another time you will think and act differently. So, all in all, I am acknowledging that I am not just one person but I am several persons, and to achieve something I have to successfully deal with all these persons that are in me: the tired me, the bored me, the restless me, etcetera. It is very frustrating, but it's pointless to keep on saying "never again" and "no more discretionary trading" because the me of now is not the same thing of me sitting in front of the computer for 6 hours with nothing to do, and a lot of "perceived" opportunities from the markets. I don't know if and how I'll solve this problem, but no point getting mad at myself, because I am simply "several people" who think and act in different ways. And this is not multiple personality disorder but it's a reality for pretty much every human being. [...] Maybe this is all about acknowledging needs that we do not acknowledge. Example. We say "i must not eat more than this" but we do not acknowledge the simultaneous need for companionship, peer pressure and such. If we're at a table with other people, their eating will influence our eating. It is not that we're "several persons", but it's that we have different needs at different times, and they make us act accordingly. The fact that we act differently than we planned does not mean we're crazy or masochistic, but that our actions are being influenced by factors whose existence we're not acknowledging. Need to be with people will make us stay longer at the dinner table and somehow their eating and drinking will make us do the same (sometimes called "peer pressure"). The need for action will make me trade even though I have seen the negative consequences of it, but at that moment I need action. The need for thinking or whatever else, will make me stay up longer at night. And so on. Useless to say "never again" or to get mad at myself. Let's just acknowledge the factors at play, and if I will ever be able, let's tackle them. And if I can't, then **** it, it's just too bad. I am not even mad or frustrated any more. Getting mad at myself never prevented me from doing the same exact thing when placed in that same situation: at home, with nothing to do for several hours - combined with the desire to increase my capital, to escape that same boredom, and to escape the office. I dislike where I am living, I dislike my job, I dislike my colleagues (I find them ignorant and boring, and annoying, and stupid), I dislike my present situation and this is a component in this repeated trading failure. The more I want to escape, the more I feel the urge to try to speed it up via discretionary trading. My impatience prolongs the situation that I am impatient to end. Pretty much like a convict who tries to escape, and adds years to his sentence. He can't help trying to escape whenever he gets a chance. That's exactly me.
__________________ Read: E.P. Chan, Cogneau - Hubner, Martin Sewell, Gail Tverberg. Search: expected shortfall, historical VaR, Monte Carlo VaR, extreme value theory. Last edited by travis; Jun 21, 2012 at 4:46am. |
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| Legendary Member | Dissociative identity disorder - Wikipedia, the free encyclopediaQuote:
Getting closer... http://en.wikipedia.org/wiki/Dissociative_disorder Quote:
I sense that I'll find something in "bulimia" and "psychology of quitting smoking", because my discretionary trading is very much similar to bulimia. There's no addictive drug in food, but it's a compulsive act nonetheless. In this sense smoking may be slightly different. Then of course it could simply be the same as compulsive gambling, for which I will find a lot of literature. Actually let's go straight to that, because that's the closest or exactly the thing I have. http://www.psychologytoday.com/condi...lsive-gambling Quote:
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More red on what applies to me: Quote:
Pathological gambling usually begins in early adolescence in men, and between ages 20 and 40 in women. Pathological gambling is a brain disease that seems to be similar to disorders such as alcoholism and drug addiction. These disorders likely involve problems with the part of the brain having to do with behaviors such as eating and sex. This part of the brain is sometimes called the pleasure center or dopamine reward pathway. In people who develop pathological gambling behaviors, occasional gambling leads to a gambling habit. Stressful situations can worsen gambling problems. http://www.psychologytoday.com/condi...tab=Treatments Quote:
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I am going to delve more into the causes. Then I'll find a solution by myself. Something more on symptoms: http://www.mayoclinic.com/health/com...CTION=symptoms Quote:
__________________ Read: E.P. Chan, Cogneau - Hubner, Martin Sewell, Gail Tverberg. Search: expected shortfall, historical VaR, Monte Carlo VaR, extreme value theory. Last edited by travis; Jun 21, 2012 at 6:43am. | |||||||||
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| | #871 | |||||||||||||
| Legendary Member |
New post with the causes. The one above got too long.Gambling Quote:
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Pathological gambling disorder - children, causes, DSM, functioning, therapy, adults, person, people Quote:
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Psychodynamics - Wikipedia, the free encyclopedia Quote:
Aversion therapy - Wikipedia, the free encyclopedia Quote:
Psychodynamics - Wikipedia, the free encyclopedia Quote:
Id, ego and super-ego - Wikipedia, the free encyclopedia Quote:
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Do other (non-human) animals have ego's? - Yahoo! UK & Ireland Answers Quote:
This (simple wiki) never fails: http://simple.wikipedia.org/wiki/Id,_ego,_and_super-ego Quote:
Out of curiosity: http://simple.wikipedia.org/wiki/Sep...,_2001_attacks Quote:
Anyway, I'll have to study more on this subject once I get home. Psychodynamics, and I might even reconsider the concept of Aversion therapy. I need all the help that I am willing to give myself. I ain't going to the compulsive gamblers meetings. Hell no. But I'll look into this: http://en.wikipedia.org/wiki/Aversion_therapy Quote:
__________________ Read: E.P. Chan, Cogneau - Hubner, Martin Sewell, Gail Tverberg. Search: expected shortfall, historical VaR, Monte Carlo VaR, extreme value theory. Last edited by travis; Jun 21, 2012 at 8:07am. | |||||||||||||
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| | #872 |
| Legendary Member |
Never had imagined that the journalists were all in on it as well:Awful situation in the US. Just about everyone at the top is an accomplice. Whether it was real jets or not, the media is very likely to be part of this, too. Just think of this BBC video: So ok, the BBC had advance knowledge of this war on terror scam from the very start.
__________________ Read: E.P. Chan, Cogneau - Hubner, Martin Sewell, Gail Tverberg. Search: expected shortfall, historical VaR, Monte Carlo VaR, extreme value theory. Last edited by travis; Jun 21, 2012 at 1:27pm. |
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