You could not have possibly watched the video between my posting it and your first comments. You replied 30 mins after I posted it. Lesson learnt. Next time you want to poke holes in a video - wait at least the duration of the video before poking.
The entire video is a single message with one point being based on earlier points - very hard to make assessments from random jumps around it. It is not about behavioral finance. It is about which parts of a discretionary category are "firm/rules-based" and which parts are "loose/skills-based" - as most people tend to think discretionary trading is shooting from the hip - it's an important topic for those trying to emulate the sort of results that good discretionary traders make.
And yes - I make no apologies for describing the way we acquire skills - because discretionary/skills-based trading can only work if there is a high degree of repetition. We learn skills through repetition and "shooting from the hip" every trade is the polar opposite of acquiring a skill. This is NOTHING at all to do with finance or behavioral finance.
Anyone who plays a sport or musical instrument will understand this thoroughly.
As for needing a professional background in behavioral finance - that seems odd for a presentation that goes over the calculations required to hit a tennis ball over a net. Maybe you'll tell me next that I should be a qualified sports psychologist.
The amount of effort you've put into this - you may as well have watched the video by now, fella.
I'm not sure why you're persisting with this.
Yet, I'll repeat one more time because I do not believe you are reading my messages or maybe have "skipped" through my message post because their too long instead of reading them entirely (I'm being sarcastic by the way)...don't take that statement personally.
- I did in fact watch the video. I then took what was interesting and "skipped" through the other sections as soon as it started talking about something I'm very familiar with.
- I use a specially video viewer on Youtube videos that allows me to "fast foward" by 5secs, 10secs, 15secs and such by the way. It's normal for me to watch very long videos...anything over 30mins I consider to be long (e.g. concerts by my favourite singers. I will skip through the familiar routines and listen to something I consider to be a new twist on one of my favourite songs by the band).
I've highlighted the above to ensure you understand its the most important aspect of this message. In fact, I specifically name the sections in your video that were
interesting to me because I did not skip through those sections including catching the name of someone by the name of JAMES because it was used in reference to a "psychologist".
Most members here at the forum know I have a very strong interest in psychology, behaviour finance, psycho therapy because I use these resources in my own trading as a
"discretionary trader".
- By the way, I define a discretionary trader as someone that does not use any automation in their trading to execute trades. It differs from the definition given by the person in the video. Yet, that's not a complaint...just different opinion about what is a discretionary trader.
Regardless if you're able to read the above (you didn't skip through it)...I was in fact able to answer my own questions about several particular aspects of the video (e.g. name of the super computer).
- Also, you know darn well I did not poke holes at your video nor did I make any negative criticism about your video. I specifically stated I "skipped" through the sections I was familiar with.
Yet, don't take it personally. I do that with all other videos by others that's posted at this forum that's educational or they're just want members to view a video posted by someone else that they learned something from that person.
Thus, I
"skip" though the sections that
I'm familiar with and listen carefully to the sections I'm interested in watching or have further questions about.
I'll give you perfect example beyond my example of watching long concert videos.
We have a trader here at the forum by the user name of
@hilmy83 and he posts links to his Youtube Live videos of live streaming of his daily trade performance.
The videos are
much longer than yours because they involved his entire trading day. I "skipped" through the sections I was
not interested in and only watch the sections involving actual trade entries / exits...its something I'm very interested in because I can study the price action involving his trades. In contrast, an example of sections I skipped through...it involves watching him eat his breakfast or something and/or him watching gaming/gamers....
I do not criticize him for it. I do not even mention to him specific areas of his video that failed to catch my attention. I'm only interested in specific trades in specific types of price action and/or market conditions whereas other trading days I don't like the market condition and do not watch the video on those specific trading days nor do I mention such to him.
I'm very familiar with other traders doing the same and I do not need to sit through watching another trader do that. Yet, when trade orders showed up...I paused the video...write down an interesting fact and continue to the next trades...
skipping through anything familiar that's in between the live trades.
Next, I would post questions (I'm known for asking questions at this forum) about something I find very interesting in his posted video, posted chart or posted educational message post.
Most traders respond to my questions, a few are offended by my questions and just don't answer, a few will even complain to Baron (they publicly state they will tell Baron) and others I'm able to poke around and find the answers on my own as in example of your video involving the name of the
super computer because the speaker in your video is a
British speaker (my native language is French) and pronounces some words
not clear to me.
- I'm very clear that I've sat personally in on "group therapies" with a Psycho Therapist and Behavioural Finance professionals. They in fact used many similar phrases as used in the video. That prompt me to ask the question about the professional background. It's a normal question by the way to know about the background of the speaker.
I didn't accuse anyone of anything nor put anyone down. It was just a question via a personal / familiar situation for me.
I'll leave it at that and you're clearly offended...nothing can I fix that nor do I need to apologize. I watch what's interesting and
skip though what's not interesting to me via my personal experience. Reality, you seem NOT offended with the fact that I did in fact show interest in some aspects of the video through out the video but you're very offended that I "skipped" through the sections I'm very familiar with.
Yet, for you to continue to say I "did not watch" the video does imply I would
not be able to ask you specific questions about certain things stated in the video.
Here's something you may have missed. Had you simply stated I did not watch the entire video because I must have skipped through it...you could have then asked me what sections was I familiar or found interesting and what specific sections I was not interested and why was it not interesting.
- I would have then shared with you about myself sitting in on "group therapies" involving a Psycho Therapist, Behavioural Finance and Trader Psychologist for discretionary traders.
We could have then discuss that, if you were interested, and I could have asked you more questions about the interesting sections involving your video.
That's a lost opportunity for you to engage your viewer and hopefully its a lesson learned that some forum members will find the entire video from start to finish very interesting while other forum members will skip through the sections they're very familiar with especially the members with +20 years of trading experience.
Reminder, I found some sections in the video interesting regardless to the fact that you truly believe I did not watch the video.
Last of all, unrelated, thanks for being a sponsor of Elitetrader.com because it keeps Baron from charging all members a small fee to join.
P.S. My message post intentionally long. Have a good day.
wrbtrader
