Quote from jeredlbb:
Mr Hershey,
I understand your post except I am still not fully understanding the sense of how you are suggesting that I "have lost much of (my) potential mental capacity"
Over 55 years I have seen a large sample of potential traders, traders and failed traders who cannot any longer learn to trade.
People who get interested in trading, compile rotten baggage very rapidly. they make bad decisions to fill their minds with shortcuts to making money. They cannot cever fraom the consequences of their behanior and mistaken learning.
As you demonstrated to yourself reading my post, you learned you cannot erase your mind's permanent longterm memory and any thing related to a simple task keeps further attaching itself to the seed first planted. So you are well along the way down into this bottomless pit.
When a person is learning failure as you are he does not like to get the news of his status.
You need to stop learning failure now.
Is it the thought that I am creating a subconscious imprint of failures in my mind which are near impossible to erase?
trading failures are nothing to consider. your failure is very different than a trading episode that loses money. Losing money is just a small tiny thing of no significance. Building your mind with irrational myths is very damaging, however. They stay in your mind and become the recourse you cannot go to to succeed. You are creating a mess in your mind. Stop this mess creating
Which in turn does not allow for appropriately directed mental capacity?
Yes if your are doing the wrong thing, then you are also failing to do the correct thing.
As for "A person can start from scratch and learn to be an expert in 20 days."
-HOW?
See below
20 days allow you to sleep 19 times.
During sleep your vast unconscious perception is cemented into your conscious perception.
So the 20 days are spent in purposeful work.
You and mostly everyone else will not do the work and you will not work directly from point a to point b to become expert and fully differentiated.
The drills you do are set up so you can create all the items you need and second you learn how to use them.
The order below is arranged from simple to complex. A fifth grader can do all the work.
1. discover and commit to memory the 10 cases of price (adjacent bar names*) This is one page of 10 examples.
2. discover and commit to memory the 11 cases of volume.(adjacent bar names*) This can be divided into two tasks. 5 names you will use frequently and 6 names you will almost never use because "failsafe" steps in.
3. You will learn to use a display to annotate volume and note price portions.
4. there are four look up sheets of paper. You construct these by doing bar-by bar 3. and logging on a log. The log has a test procedure and you long the test results. you need to learn three steps of the test procedure.
5. You will earn the system of the operation of the market. It involves 5 OOE's. The OOE's are simple and can be learned in an hour or so.
* names are defined by simple boolean algebra functions.
Almost no one can do the mental shift to look at the market as a finite system that has no flaws, no noise and no anomalies. It, as seen above, is too diificult. It olt takes 20 to 40 minutes to do the 61 bars of a day's trading. Usually atleast 30 points of profit per contract are the result in ES. This 1500 dollars is MORE than a contract's margin. My margin is 20 points for example.
For item 1 two cases make money and 8 cases are not making money. Most of trading is in between making money when volume cannot be measured. These are rest periods of work.
When you draw the pics of the 10 cases they are stamped in your memory permanently very quickly.
Right now about 100% of people reading this cannot even draw the 10 cases as a fifth grader can do it very rapidly. Why? because people here have very cluttered minds and their minds will no longer work.
If I attach the illustration right now I deny you the opportunity to reason through the answer.
I have many many inventions that cause the mind to get organized very rapidly and very thoroughly. All of these things prevent a person from using the garbage already in his mind but only up to a certain point.
That point is reached when a person says what I do is not a good idea. His mind to too fucked up to understand what I said above.
You are borderline since you had to think about an unequivacable idea already presented to you.
At least you found out it is possible to do specific specified work for 20 days to become an expert.
for item 1:
a. draw two translating bars for a long move.
b. draw two translating bars for a short move.
c. draw two parallel bars (same color) side by side of equal legth. name this pair a hitch
d. Use c to draw an upward extention on the second bar, call this a stitch black.
e. repeat d. by putting the extension downward. Call this a stitch red.
f. use c. to shorten the top of the second bar. call this a flat Bottom Pennant (FBP).
g. use c to shorten the bottom of the second bar . Call this a flat Top Pennant (FTP)
h. use C and shorten both top and bottom of the second bar. Call this a SYM.
j add a third bar to items c. f, g, or h and do not allow the third bar to exceed the first bar of c, f, g, or h. Call this a lateral.
k. Make the bars on c opposite colors either way. Call this a hitch.
now write the boolean expressions for these bars. after that apply the expressions to your display and fill in a color codding for the interior and border of the container.
What is the lesson ? the lesson is to use the most prominant opperators in your mind for sensing: O1 is space operator. O2 is shape operator. O3 is change of shape operator.
Now you can see price bars as pairs are formed. A five minute bar goes through shape chages until it "locks in to a final shape. when it does you begin to log on the left side of your log.
Only two shapes give you permission to measure the volume, the independent variable in the system of operation of the markets.
Wake up an recognize that 100% of others are using the improper data to create risk and money manangement problems that they will never solve.
you asked as question. It was breif (one word).
Here is where everyone finds out if they are going to emulate you.
drawing pics a thrugh k is tough. It could take a whole page of paper. then you have to write the expressions. then you have to add the expressions to your price pane. then you get to SEE the market for the first time.
