Quote from TrueProp:
Alright forget everything else we were talking about. I just read a quote you made on a thread where some guy called pineman whined about why he rode the pine at a prop firm. You made one of the best quotes I've ever seen on this website and wow is it so true.
You said, "To perform under pressure, you need to control that pressure. To control the pressure, you need to know that pressure. To know the pressure, you need to experience that pressure. It's painful but traders need to be willing to experience pain."
In my own growth [and I am def still growing] and in being a senior trader with a student, its apparent that as a new trader [and a growing profitable trader] that you must seek discomfort!! That was my motto when I first started and I was struggling. I couldn't figure out why I wasn't succeeding at something that I knew I could do. A lot of it was due to not being able to confront my fears and place my self in unfamiliar situations. Of course a lot was discipline as well.
Nevertheless, I'm at a point now where I'm intent on increasing the duration of my trades. That quote spoke volumes to me. Thanks.
It is easy to see that you and the person you quoted have the limited environment and the limited experiences over many years. You are both in a place where the box you are in is so limited. It is very clear that there is no way out of that box no matter how many locations there are where you have an office and trading rooms with others who work in those rooms and adjacent offices.
The contest is both sad and very humorous. It is like those pioneer farmers in Minnisota who cleared the woods to make farming as possible as their vision allowed.
Not many miles to the west and south the vast plains opened up. Later other pioneers would move onto those plains and establish very successful farms that now rule the bread basket of the world.
It was not the size of the farm so muxh as the size of the minds that were doing the work.
You both are sooo small minded in your views, beliefs and thinking.
For others who are still mentally free to consider, there is a world where huge amounts of capital can be continually transferred in to your multiple accounts where their capacities are simply a function of market liquidity which is ALWAYS there and which is growing in direct proportion to the number of participants who show up to extract the capital from the pools.
As we all are aware, the economics of the world have been fucked up badly and most of those with money, power and information are frozen with regard to putting in the fix in any significant way. You and the person you quote are the problem and will go down with that ship along with soo many others.
Opportunity for those who still retain their mental powers, on the other hand, are looking at OPPORTUNITY in very large and bold letters. What it takes to get accounts in place and in the right places is equivalent to arriving on the unploughed plains and perceiving that the tools in the Conostoga wagon are superb and no one has seen them taken out and used to do the harvest that is in store for the world's prepared community.
New banks and new HF's will be used. New aggregations of leaders will be empowered. Knowing how to "read" the language of the global situations is NOT going to be "problem solving using rule sets".
Someone asked me to comment on "whats up' in 2009. I usually post in December the legs of the following year in terms of time and values (see the 2008 example).
Someone coined perfect storm to characterize the concurrence of several events. Now we have nine concurrent larger than everbefore concurrent happenings. Repair is no longer on the table. Making use of existing structures is not going to play.
The only thing that is going to play is the language of the markets. Those with reason have spoken: Carnap, Keynes, Bayes, Braithwaite, LeDoux, Edelmen, et al.....
Probability is over....gone with the storm......
Ihe language of the markets is pure and simple... its cornerstone is integrity. Its building blocks are reason and logic...... you and the person you quote do NOT get it......
Pain is NOT a requirement nor factor..... What is a factor neither of you have..... You are using cheat sheets to have shorthand rules to think you are winners after pain. It is really only fight or flee for you guys. Incoherence personified.
Replacing the status quo nine times over only has to do with "knowing the language" and hearing, seeing and feeling... All with respect to market integrity ...... a thing that does NOT come from the assumed and apparent controllers, the regulators, nor the owners.....
Taking the pools of capital is done through the language of the markets. Sloshing the pool around is not "taking the offer". Now, we come to unloading the tools to do "the taking".....
"TAKING OUT" (THE OFFER) the capital and then applying it to what is the OPPORTUNITY is what you are going to be seeing happen. The perfect storm was fun and games. LTCM, Enron, the 60 billion guy, et al.... Now, we get down to work.
Probably, it would be a good idea to do this all in "funny math" to get the attention of the people who screwed it all up with lack of integrity. We'll see....
