The "matrix" is a clincher that changes everything in the world about making money. Just as in psychiatry people use a Progoff journalling approach (making an initial table of contents based on chronological decision points through life history). The "contents", then is the foundation of problem solving by linearly going back to the source of the problem by journalling "essays" into the contents.
Overlaying rows and columns on the "system" yields a set of cells. Discovering clearly and strongly that the market "moves" is a major conceptual precept. It has major consequences. The most significant is that many many alternative analysis techniques are shot in the ass and/or destroyed as being viable. Macro is one of these.
As Harry trader points out in about 8 of his themes centering on "the general" compared to the "the local", you can talk about the macro but the micro is where making money takes place. Doing averages to find out something is not where it's at.
When you look at how "red flags" come up on ET, you are seeing the knashing of viewpoints where the incompatibility usually is based on generalization versus localization. There is also the "sophistication issue." In zero sum games, most people are losers to the few who accumulate capital continually. Some accumulate it at "ridiculous" paces.
The difference between "moving" and "jumping around" from place to place, definitely and carefully and finally focuses us on local concerns only. Thus migration on a large array, at any given time, only deals with the tic tac toe configuration of the centered operating point and the 8 adjacent cells totally. As the operating point moves, so does the compliment of the 8 surrounding cells.
It turns out the focus on the 8 cells surrounding the operating point, it primarily an issue of what is not going to happen. As all the alternatives close down, the viable alternative emerges. driving a car is a good analogy. The goal is 600 bucks a day for a beginner who has reached a novice level of operating. The goal is the mall. To get there you begin to drive with many ways to get there, gradually alternatives are eliminated as you focus on being effective with what is in you immediate field of vision. You arrive and do "mall" instead of doing "home".
If you recognize the "zones" of alexander's method (least connected sub systems) and you see the local array (t t t ) moving from one zone to another zone and, thus, gradually seeing the "emphasis" change, then, you adapt to this in your trading.
In ET, at least 20% of the threads originate as this migration gets to the point where a zone change has occurred. Surpriseville. Look at the vocabulary used by these participants. The chider group on ET (see high #'s of posts that cover subsets of chides) plugs right in with a set of responses to "surprised" thread starters. A brain fart symposium of the regulars.
ET is a sounding board of the difficulties when the financial industry which often uses inappropriate techniques. This all is as a consequence of not understanding that you cannot apply big deal techniques that fail to address the fundamental and localized way the market operates.
If you plot the trail of the market operation point for 40 or so years on the Matrix, you conclude that it is a repititious process and the advent of improvements in the industry only relate to how people are supported in their efforts. The repetitive paths that emerge allow you to iteratively refine your operating methods.
Refinement makes more money. The advent of support systems to enable the field to go macro was extremely unsuccessful. But it did provide an advantage to those focussed on the local scene.
How to stage up to excellence is uncomplicated. A person learns, creates memory and reasons using his memory.
In ET, the primary focus is on continuing failure. I cite a sufi book on "knowing how to know". I mention the AIDS equivalent for trading, PNI. I mention the requirement for a belief system (step 3 of 4 steps) that is perfected through "process". Occassionally, I handle the BS detractors farting around with: "can the process" and just write it down on a sheet of paper (like the sheet(s)paper they got at work to be a robot where they still have to work).
Most of all, I support learning. It is my principal interest when I lecture in the field of psychiatry. I do not feel formal traditional teaching is effective nor efficient. I conducted an alternative for ten years and used a 100% sample to statisticulate about it. 1.23 aptitude sigma shift on a +/-3 sigma gausian curve. This is a statement about memory accumulation and reasoning shift as a consequence of "learning".
Process education is how to learn to make money.
This thread is about 6K a month. 1 or 2 ES contracts make 600 to 800 bucks a day. There are 22 days in a month.
Pick one of a hundred approaches. Learn about it by stages of comprehension, preferably with a learning support called a mentor. Build a belief system for the chosen apporach. Enable yourself by creating a memory. Begin to reason (gather data, do analysis, decide using beliefs, and take timely actions) using this memory resource connected to your electronic support system. One paragraph.
Repeated failure, on the other hand engenders "trader AIDS" for which the cure is a hundred times more difficult than the above paragraph.
Overlaying rows and columns on the "system" yields a set of cells. Discovering clearly and strongly that the market "moves" is a major conceptual precept. It has major consequences. The most significant is that many many alternative analysis techniques are shot in the ass and/or destroyed as being viable. Macro is one of these.
As Harry trader points out in about 8 of his themes centering on "the general" compared to the "the local", you can talk about the macro but the micro is where making money takes place. Doing averages to find out something is not where it's at.
When you look at how "red flags" come up on ET, you are seeing the knashing of viewpoints where the incompatibility usually is based on generalization versus localization. There is also the "sophistication issue." In zero sum games, most people are losers to the few who accumulate capital continually. Some accumulate it at "ridiculous" paces.
The difference between "moving" and "jumping around" from place to place, definitely and carefully and finally focuses us on local concerns only. Thus migration on a large array, at any given time, only deals with the tic tac toe configuration of the centered operating point and the 8 adjacent cells totally. As the operating point moves, so does the compliment of the 8 surrounding cells.
It turns out the focus on the 8 cells surrounding the operating point, it primarily an issue of what is not going to happen. As all the alternatives close down, the viable alternative emerges. driving a car is a good analogy. The goal is 600 bucks a day for a beginner who has reached a novice level of operating. The goal is the mall. To get there you begin to drive with many ways to get there, gradually alternatives are eliminated as you focus on being effective with what is in you immediate field of vision. You arrive and do "mall" instead of doing "home".
If you recognize the "zones" of alexander's method (least connected sub systems) and you see the local array (t t t ) moving from one zone to another zone and, thus, gradually seeing the "emphasis" change, then, you adapt to this in your trading.
In ET, at least 20% of the threads originate as this migration gets to the point where a zone change has occurred. Surpriseville. Look at the vocabulary used by these participants. The chider group on ET (see high #'s of posts that cover subsets of chides) plugs right in with a set of responses to "surprised" thread starters. A brain fart symposium of the regulars.
ET is a sounding board of the difficulties when the financial industry which often uses inappropriate techniques. This all is as a consequence of not understanding that you cannot apply big deal techniques that fail to address the fundamental and localized way the market operates.
If you plot the trail of the market operation point for 40 or so years on the Matrix, you conclude that it is a repititious process and the advent of improvements in the industry only relate to how people are supported in their efforts. The repetitive paths that emerge allow you to iteratively refine your operating methods.
Refinement makes more money. The advent of support systems to enable the field to go macro was extremely unsuccessful. But it did provide an advantage to those focussed on the local scene.
How to stage up to excellence is uncomplicated. A person learns, creates memory and reasons using his memory.
In ET, the primary focus is on continuing failure. I cite a sufi book on "knowing how to know". I mention the AIDS equivalent for trading, PNI. I mention the requirement for a belief system (step 3 of 4 steps) that is perfected through "process". Occassionally, I handle the BS detractors farting around with: "can the process" and just write it down on a sheet of paper (like the sheet(s)paper they got at work to be a robot where they still have to work).
Most of all, I support learning. It is my principal interest when I lecture in the field of psychiatry. I do not feel formal traditional teaching is effective nor efficient. I conducted an alternative for ten years and used a 100% sample to statisticulate about it. 1.23 aptitude sigma shift on a +/-3 sigma gausian curve. This is a statement about memory accumulation and reasoning shift as a consequence of "learning".
Process education is how to learn to make money.
This thread is about 6K a month. 1 or 2 ES contracts make 600 to 800 bucks a day. There are 22 days in a month.
Pick one of a hundred approaches. Learn about it by stages of comprehension, preferably with a learning support called a mentor. Build a belief system for the chosen apporach. Enable yourself by creating a memory. Begin to reason (gather data, do analysis, decide using beliefs, and take timely actions) using this memory resource connected to your electronic support system. One paragraph.
Repeated failure, on the other hand engenders "trader AIDS" for which the cure is a hundred times more difficult than the above paragraph.
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- no dun there. a presssing issue is that the biz lack fulfillment at this point, in fact it feels pointless. each years as i dump old files into the paper recycler, i feel like im dumping anothr year of my life into teh garbage.