danielc1.
You have a lot to learn.
Suppose you do.
Blah blah blah
Suppose you don't.
Blah blah blah
Read Time magazine's 100.
Narrow your focus to a comment quoted by the economics and financial editor. He quotes this guy who said something he discovered (and he is wrong, too).
Here are two people that the public might even put some credence into. Let me help you past the sophistry of Time magazine and those who receive compliments on their supposed to be true truisms.
There is no risk in trading on any fractal once you have purposely built your mind to totally parallel the operations of the markets. (You build a fully differentiated mind)
Look into your mind to see some systems where you have successfully done that in the past and in your youth where you could still learn.
Now assess other posters in the field of trading by measuring whether they have gone through building their minds fully for trading or whether they are FOS.
Regarding Time magazine and it editor and the person who got recognition, they all are FOS.
Lets pretend. See below.
When you use your fully differentiated mind for trading, you notice there is no noise, no anomalies and that every observable fractal for trading is fully interlocking and a perfectly rigid unfailing system.
That is to say, you went through your very familiar process of learning on the topic of markets and your mind is fully differentiated and precisely parallels the system of the market.
Make a list of topics that you have learned completely. Next to it make columns for who taught you and the method they got you to use to become fully differentiated.
For example, right now you have a mistaken notion that Blowinski is scientific. You do not understand, so far, about science. Look and see that science or a science topic is not on your list, nor were you taught or trained.
Have you learned about mathematics or maybe algebra for base 10. Each base has a separate algebra is what you were told when you took simple math courses.
One type of math is dictated by the markets. If you are reading comments from a person, for the person to be correct, he has to be using that kind of math.
Read about backtesting from posts of those who do and do not backtest. (I cannot, simply because of the math that market's dictate, this math is always certain and probability cannot be part of this brand of math).
Someone in this thread spoke of one's mental orientation. They didn't highlight one aspect that, roughly speaking, is deadly and terminal. The mind does not erase very well. What is the mind's substitute for being unable to erase its memory.
Make a new column on your list and list how you learned to correct mental mistakes you made while learning a topic that you were able to learn in the past.
Notice that all the topics were long ago and nowadays you are not adding topics anymore.
In trading, I have found three methods are required. Three are needed because of market size. Market size limits your personal application of capital.
Each method stems from but one core. The core and each methods are published here as one pagers. This means there are four one-page sets of rules for trading by being in the market all the time (RTH's); on the correct side of the market all the time, and taking the full offer of the market in profit segments all the time (carving turns with partial fills).
It takes about 40 to 60 days to become fully differentiated mentally. If you have a unsettled heritage or have been casual about knowledge and skills acquisition, it may take you longer to read and knowledgeably use the four pages.
The 10,000 hours thing is longer than it takes you whole body to replace all of its cells. Why consider spending 2,500 hours a page.
The more FOS you are, the more toiling (think of how toilet paper gets its name) you will have to do. Stop right now accepting unfounded input.
The PVT page for short term position trading stocks was determined to have a Sharpe ratio of 60 by Worden Bros using their universe (the NAZ 100) for a year's trading. Blowinski debates the findings of Worden Bros drag nd drop Blox which converted the one pager to logic and applied it to the NAZ 100. Is Worden FOS or is Blowinski? When Worden Bros did their thing at the TradersExpo in thier exihibition booth, they did not believe they did it correctly the first time. (they promptly erased it....) I chuckled. Look,,,, Think..... You do drag and drop and you run it for a year on 100 stocks. You get a number never seen in Worden Bros ever before.
Why would you erase it? Wouldn't you save it to a secure file and keep it safe and available for later analysis?
My best post of all time was promptly deleted by ET management. Topically, it presented by mathematical name, the four cornerstones of creating in financial markets. But I used the word "fuck" (I am told) 26 times.
Anyway Worden did their drag and drop over and got the same Sharpe of 60 plus. And then they didn't delete it. BUT they didn't sell it either. It is here free as one pager.
danielc1, sorry, I have to be the bearer of such sad tidings for you.
