Article Trading is a Journey in Self-Discovery

BeginnerJoe

Senior member
3,329 350
Re: Peel my onion !

You should already know if you claim to completely know what you are doing.

If not ,well then thats for you to find out yourself.
Just say what it is, then I can check with CV or the hare to see if they were struck by the same first thing. Although I am pretty certain the first thing that struck the hare was the urge to toss some coins. To believe it is possible to beat the casino by tossing a coin must be quite funny and points to the possibility that he must have been struck on the head by something.
 
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the hare

Senior member
2,949 1,283
Re: Peel my onion !

To believe it is possible to beat the casino by tossing a coin must be quite funny and points to the possibility that he must have been struck on the head by something.
I'm not playing a fixed odds casino style game, and that's why it works.

You right though, it funny. :LOL:
 
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Billy Gates

Active member
161 14
Re: Peel my onion !

Just say what it is, then I can check with CV or the hare to see if they were struck by the same first thing. Although I am pretty certain the first thing that struck the hare was the urge to toss some coins. To believe it is possible to beat the casino by tossing a coin must be quite funny and points to the possibility that he must have been struck on the head by something.
Come on Joe, at least hold your own.

You have transcended all emotion and psychology in the markets yet you cannot recall any significant milestones within that journey, milestones which struggling traders have yet to overcome or may never overcome ?

You liken trading to gambling and say that no mental work is required. Then you truly don't understand gambling let alone trading.

I don't meant to come across harshly in my comments. I understand completely what you are saying about understanding the markets but to be at that level and not have any idea about what is involved to get there makes no sense.

Every journey from failure-to-trial-to- success has an element of psychology involved.

It is not all about patience versus impatience, or greed versus fear etc. If that was the case don't you think that all traders would at some point be successful in the markets.

This is the same basic stuff that is being peddled in different formats time and again. Thats because the real psychological aspects extend far beyond what is explained by marketers.

The real work to understand the markets starts after you understand the basics.
 

BeginnerJoe

Senior member
3,329 350
Re: Peel my onion !

Come on Joe, at least hold your own.

You have transcended all emotion and psychology in the markets yet you cannot recall any significant milestones within that journey, milestones which struggling traders have yet to overcome or may never overcome ?

You liken trading to gambling and say that no mental work is required. Then you truly don't understand gambling let alone trading.

I don't meant to come across harshly in my comments. I understand completely what you are saying about understanding the markets but to be at that level and not have any idea about what is involved to get there makes no sense.

Every journey from failure-to-trial-to- success has an element of psychology involved.

It is not all about patience versus impatience, or greed versus fear etc. If that was the case don't you think that all traders would at some point be successful in the markets.

This is the same basic stuff that is being peddled in different formats time and again. Thats because the real psychological aspects extend far beyond what is explained by marketers.

The real work to understand the markets starts after you understand the basics.
Obviously your journey was much different to mine. Unless you tell me what is supposed to have struck me, I don't really know. I know my moment of inspiration wasn't a psychological one. It was the sudden realisation of what was happening out there, and why them son beeches were taking my monies. Trading is really a journey in discovering what the casino is doing.

Here, this is my running trade. I trade it while I was in bed sleeping. Psychology doesn't come into play. Although understanding and experience of the market did play a role on entry. It's a slow day, perhaps it will give me a few more pips. So I am hanging on. Again no psychology is happening, and the market doesn't care.

For me, the real work is doing nothing at all. If trading involves a lot of work and introspection for you, I think you are doing it wrong.

 

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BeginnerJoe

Senior member
3,329 350
Following US news, I am out and gone speculative long. I did get a few more pips on the short but nothing to write home about. That concludes my trade posting here. The long may win or it may not. No concluding remark on that will be made. The few extra pips I had will cover any losses.
 

counter_violent

Legendary member
9,665 2,463
Following US news, I am out and gone speculative long. I did get a few more pips on the short but nothing to write home about. That concludes my trade posting here. The long may win or it may not. No concluding remark on that will be made. The few extra pips I had will cover any losses.
How did you determine to go long, was it a coin toss entry?
 

Billy Gates

Active member
161 14
Thanks Joe. All journeys will be different. Your moment of inspiration may not have, quite rightly, been a psychological one, but to get to that inspiration you must have applied something. That is the angle I am coming from. I agree totally that once you understand what is going on the mental factors play less of a part.
 

counter_violent

Legendary member
9,665 2,463
Looks like a turn to me. But normally the trend should continue. Hence it's a speculative.
Given that the Eur is the worst performing currency so far today, then your logic of taking a speculative long on it is completely flawed.
In my experience, the worst performer stays as the lagger, even if the markets make an about turn.

Note to self.
I really should stop trying to educate the uneducable.
 

BeginnerJoe

Senior member
3,329 350
Given that the Eur is the worst performing currency so far today, then your logic of taking a speculative long on it is completely flawed.
In my experience, the worst performer stays as the lagger, even if the markets make an about turn.

Note to self.
I really should stop trying to educate the uneducable.
Well, clearly your journey was different to mine as well. My long is now non-loosable. Trading needn't be so much work, so much thinking, and so much teaching. One just has to flow, you know, really flow. While it's flowing, I now go play sports. When I come back, pips could be waiting.
 
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neil

Legendary member
5,167 745
Well, clearly your journey was different to mine as well. My long is now non-loosable. Trading needn't be so much work, so much thinking, and so much teaching. One just has to flow, you know, really flow. While it's flowing, I now go play sports. When I come back, pips could be waiting.
Illiterate ****-"non-loosable" (n) - so you cannot "loosen" whatever it is you omit to name.
Perhaps you mean-" I cannot lose."
 

sniper450

Newbie
5 0
good morning

hello dr M
I just spend a few minutes reading your article very relevant. I wanted to thank you for the advice that will make me a much better trader.
 

Kinley14

Junior member
14 0
Markets work independent of what we think about it and it's been doing that for years & years.
It's us who have to keep on re-adjusting to the actions we take against the market, and this re-adjustment times & again is something which brings our inner values on the table in front of us.
If we love ourselves, we pick up the right values and let go of the bad ones, else we just ignorantly keep going and lose all we can.
Trading is a platform for self-discovery, I've experienced that, I hope someday you all do.

Regards
Pankaj
 

foroom lluzers

Veteren member
3,611 135
This is a very good article for all traders .

http://www.trade2win.com/boards/educational-resources/161540-trading-journey-self-discovery-4.html

To trade succesfully a trader needs to be in a transcendent state in which there is neither suffering, desire, nor sense of self.There are plenty of youtube viseos for meditation.

Traders make mistakes and plenty of them.

http://www.trade2win.com/boards/educational-resources/223432-mistakes-make-losing-traders.html

There is a thread explaining mind traps and rewiring the human brain , in the psychology section.
 

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