I am getting my butt handed to me on a daily basis!
- Thread starter jeredlbb
- Start date
Quote from stock777:
many words. few make sense to mortals.
if so mighty and high, post simple.
realtime, no cheat, no edit, entry, exit, entry, exit.
make money? people will believe, talk circles and Prof. Corey speak, folk will mock rightly.
He's a typical schizophrenic...
It's hilarious that people think this thread is for real!
Jered Said:
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"
Is it the thought that I am creating a subconscious imprint of failures in my mind which are near impossible to erase?
Jack Said:
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
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It just clicked. I completely agree. I was misunderstanding, thinking that you meant I was learning failure habits (Which I think can be 'un-learned'). I now think you meant people learning all the dumb stuff that is slung around on here. It causes people to be closed minded. As they gradually absorb all of these false ideas, myths and strategies their brain begins to gradually close down to the proper and truly rational thoughts that lead to being a good trader. It is at least a bit analogous to the frog in the pan idea. As irrational thoughts are accepted as rational ones the brain closes itself to later accepting thoughts that are indeed rational.
-Thanks
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"
Is it the thought that I am creating a subconscious imprint of failures in my mind which are near impossible to erase?
Jack Said:
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
-----------------------------
It just clicked. I completely agree. I was misunderstanding, thinking that you meant I was learning failure habits (Which I think can be 'un-learned'). I now think you meant people learning all the dumb stuff that is slung around on here. It causes people to be closed minded. As they gradually absorb all of these false ideas, myths and strategies their brain begins to gradually close down to the proper and truly rational thoughts that lead to being a good trader. It is at least a bit analogous to the frog in the pan idea. As irrational thoughts are accepted as rational ones the brain closes itself to later accepting thoughts that are indeed rational.
-Thanks
I was in ag/grains/cotton/cattle for 12 years. In 2002 I moved to new things. However, my family still has interests in farming operations.
I think I see where you are coming from. I think that was a part of my early success. I was in tune with the ag markets as a whole. I combined that with TA and great things happened. Most of my money was made in grains and cotton. But, I made a good bit in the S&P too. There was no mini when I traded before.
I think I am far enough removed from ag now that I don't have a finger on the pulse of the market as I used to.
That doesn't bother me though. I believe that TA is better than FA. I know, it is arguable by some. To me the price and volume tells where the market is headed. ie Price Action. That is the path I have been on for many months now; probably even since about 2002. (I have only added Volume into the mix recently) I think that is why Jack's ideas piqued my interest so heavily. 1. I really don't know what I am doing to a large degree, and 2. I like to keep my mind open to new ideas. From what I understand thus far Jack's ideas are around the idea of Price Action. Only more comprehensive; in a relational way I think. I can't wait to learn.
Thanks