The last skill/limitation levels are more interesting since most people only read about them and never meet anyone who is a practitioner, ever. They are:
Beginning expert,
Expert, and
Advanced expert.
For all of these, there are points along the skill/limitation Gaussian that deserve comments because they are significant measures that are observable. All these people get the four questions answers correctly. They can construct the questions from past market trading experience. I provided the Q's and A's in this thread.
None are psycholgically based. All deal with the cognitive sciences and the practice of the Scientific Method.
The CW OODA, below the neck emotion set is used by persons with a good place on the skill/limitations spectrum as a measure in the Present of "knowing that they know".
The article in the 22DEC12 Economist on page 14 and entitled, "Rich Managers, Poor Clients" discusses traders/investors who work at jobs and do not, therefore, fit into the above categories. Note that Virgin is mentioned. Branson is a cat who knows how to take money away from others and carve his edge to be able to bait and switch effectively.
The psychological status is such that the unconscious preception equation is always inforce and therefore, measuring emotions is done by calibrated "tinges" of the CW OODA sicknesses that are treated by workers in the emotional field.
The neuroscience field has treatments as well. At least a person can put his past in order simply by looking at the values assigned to long term memories.(EMDR) All learning engenders long term memories. Some are single experiences gifted to a person (all are not expected). The weighty ones are occasionally appearing unasked for and so they are getting in the way. (intrusive thoughts). These values must be neutralized.
People who not in this spectrum ask Q's like: well ..... if it isn't ______ , then WFT is it? This is NOT skepticism or cynicism. It is the CW OODA emotion set at play. (Not knowing that you know do to voids in knowledge and no past learning experiences to convert STM to LTM.)
Science prevails. The Scientific Method has to be known and used, only.
Just as science looks at all killers and does stats; it finds the same ratio of insane killers to sane killers as the ratio of people in these above categories to people below these categories. During war the same ratio of profiteers to war supporting occurs.
The gaussian Taleb sees (and this Gaussian based on a different measure (skills/limitation measure)) has a fat tail differentiation. Fat tails are clues about doing measurements correctly or incorrectly Back to work Taleb).
A mass spectrograph is clear because it generates markers. So does electrophoresis. What are the markers of Expertese.
One is crossover trading and its single instrument equivant, reversal trading.
Another is the recognition of the equivalance of exits and enteries.
Giving the names to parts of trends stands out as well.
Documenting the emergence of significant pattern analysis is a differentiable measure.
An alternative more scientific is deducing the single trend pattern of the markets.
Knowing the nuances of trends leads to algorithmic results using the answers to the four questions.
As time leaves the scene and events replace time, then the true PM of markets is available. (Event rate of change of events). PM is a speed (velocity is propably left as a time related measure in physics) which is a vector and NOT a scalor.
All events fall into two categories and the categories were discovered in parallel with DOW theory. The categories are orthogonal.
And many many others.
Learning to learn in market trading is learning to discover limitations and then creating LTM for them to turn them into unconscious Peception skills.
The mind is automated to turn unconscious Perception into unneeded conscious Perception.
This personal significant measure of the automated mind being operational is very significant. (See my past posts).
The more or less final stasis is the fully differentiated mind.
It is free even of tinges of the standard established status quo of the given skills/limitation ratio for CW OODA mytth driven minds.
A fully differentiated mind operates in the supporting, comfortable and confident oriented emotional set.
Markets are viewed characteristically as free of noise, flaws and anomalies. What happened cognitively with the neuroscience of building minds using brains was that:
1. Ends were discovered.
2. Segments followed one another.
3. The science of hypothesizing came s part of the Scientific Method.
4. A form of thought named "confirmation" temporarily filled an intellectual vacuum.
5. substantive content appeared between ends.
6. Ends became an identity.
7. OODA, fortunately never became into practice since the SM is not based on anything but conclusions that are proved.
8. induction never came into practice since deduction is used in the SM to develop and iteraively define proofs.
9. Sadly, as in engineering as differentiated from science, limitations sandbag skills in discover. The history of science and its tool, mathematics has always been plagued by limitations. Notice he before and after of the discovery of the place holding concept in the tool called numeration.
10. The trip of wholly defining markets, came about by using the SM. All the parts appeaared and have names and are defined by severl techiques which have names: criteria, filters, functions, rules and strategies.
So the system of the operation of the market is there in high utility tooling. The other half was the trader (reread page 14), his stand in on the manual dashboard of the past is the linkage to the market and its ATS.
Choose a fractal. Sense. Your mind does the sum to give you perception. You know you know within 10 to 100milliseconds.
Repeat over and over on the cosen fractal. You decide if, on a RDBMS basis, if an event has occurred.
If so you sweep the five OOE's that intermingle to decide if the olden days of the DOW th eory's parallel dicoveries give you either of the orthogonal mutually exclusive events sets.
Continuation causes your behavioral action to record.
An End Effect (one of 35) causes your ATS to earn that segments of profits in your account(s) and by the exit/entry identity, begin to accumulate unearned profit in the new HOLD of your olden days HOLD/REVERSAL philosophy of trading all based upon the symetric philosphy of history.
Do a search on the philosophy of history of randomness. Oops, you stepped out of science into the world of myths of CW OODA.
