Mental Ceilings and self fulfilling prophesies
- Thread starter Girlpower
- Start date
Not necessarily. Remember, your mission is to improve, not to disimprove.Quote from OddTrader:
Many thanks Scientist for your encouragement.
I suppose, during the process of upgrading our expectations and strategies, we would possibly encounter a bullback on the curve of our bottom-line for a while. Any comments ?
As long as you haven't figured out better things, watch and find out. Don't deviate from your old plan until your new strategies are tested and verified in simulator testing. If you use i.e. futures-trader as a trading platform, you can switch between sim and real mode all day!
I still do this all the time when testing new concepts. Not sure about the trade I want to take? Alright, I'll do it in the sim, it'll turn out exactly the same as it would have in real life, except I can actually see and evaluate the results, rather than letting a trade go to never have found out about a possible opportunity.
This way, I maximize my study opportunities, to advance and realize new opportunities quicker and possibly soon add them to my arsenal of market approaches, until I achieve reasonably continuous trading.
So, stick with what you're doing now, test new things and make a slow transition via simulations etc. It really is just about realizing that there is a lot more potential out there and then looking for it.
I hope this answers your questions, my brother...
Compliments,
~Scientist
Quote from OddTrader:
Many thanks Scientist for your encouragement.
I suppose, during the process of upgrading our expectations and strategies, we would possibly encounter a bullback on the equity curve of our bottom-line for a while
It goes the other way.
You step up in money velocity right away.
this is because you acually build onto what you have. the profits you make are being enhanced instead of being replaced.
If you replace pictures, you are only upgrading something that is there with an improvement. Suppression and denial pictures, once released, immediately provide an energy. This energy is a resourse previously and cogently consumed. It's availablility to what is going on came into being after you invoked a new psychological skill (the going on stuff that is consciously used).
People here express relief. they agreed with their self to have permission to DO as a beief changed (The BE thing). This makes denial and suppression of stuff not required after this point.
You feel taller, with relief, and you have a lot of filters not clogged with energy use to deny and suppress.
Whether you intend it or not, you are refreshing yourself with this, now unused and now available stuff. How you use it is either intentional or informal. You "see" stuff. You have an energy surplus that allow you to maintain (this is a working word) perspective and balance. You are actually "considering" Con is being "with" it.
BEing able to "side" is a big deal. People without reserves cannot trigger. They need to "side" and by being in a state of using so much energy to maintain "denial" and "suppression" They can't be "with" it and "side".
People who are open, can use the meaning of everthing.
One of my contentions is that the "process" is "the place".
consider
behave
I put words there for people to get.
You will find out in a year or two that I write to get people to a place to process stuff. People continually bitch to me, about me etc. I say things too long.
There is a transition to openness that comes from additional energy. I am more and more readable as more energy is available to read me. No one who is in denial and suppression can read me or anyone else. They do not have the energy driven strength.
I am getting a web site journal thing done. I work on it with tons of 70 yo energy.
I make pictures to create a process. The web site will have it all there too.
It is majic as a person gives himself permission to be open and get going. There is no dip in making more money.
When I first came to this board, it seems the majority of posts were posters attacking posters.
It seems now that either I have either filtered out the negativity or that the level of consciousness of this board has risen, probably a little of both.
Thank you to all who post for the purpose of help and enlightenment. It is much appreciated.
regards,
Bruce Hawkins
p.s. Jack your reference to "taking laps" really hit home. It's funny how the simplest things can put things in a certain perspective.
It seems now that either I have either filtered out the negativity or that the level of consciousness of this board has risen, probably a little of both.
Thank you to all who post for the purpose of help and enlightenment. It is much appreciated.
regards,
Bruce Hawkins
p.s. Jack your reference to "taking laps" really hit home. It's funny how the simplest things can put things in a certain perspective.
I have got a lot of critics for saying:
99% of human beings lack the capabilties that is needed
to be a good trader.
These 95-97% losing traders should they be traders or can they
learn to be traders, I don´t think so. They are lacking the
mentality for trading.
Unfortunately there are no tests for starting trading.
If you want to be an aircraftpilot tou have to be tested
and most fail.
There are thousands of professional golfplayers with
identical swings but always the same name on twenty
on top.
Why?
There are millions of people painting and dreaming
of an career as artist, only a handfull succeeds.
Why shuold all people have the ability to make a living
as traders?
Look at the statistics!
Candletraders says it´s impossible to longterm average
more than 1-1,5 which is what he does.
What candletrader indirectly says is "I´m the master of
this play, no one can beat me, total impossible".
In the 1-3 % who succeeds in trading the are people,
I´m sorry candletrader, that have:
Better tradingplans or
Better mental abilities or
Better moneymanagement
I personally know traders consistently average 4-6 espoints
per day.
But if they make this money,why are they not billionaires
now, which many people argue that they should be(laughing
that it is impossible ta make 4-6 es-points per day implying
that the profits should be ivested in more contracts and
groove to billions).
This only shows a total lack of knowledge what business
is about.
If you make money in this risky business you first of all
make a good living for you and your family with two or three
homes(you don´t live in a tent all the time increasing the
number of contracts traded)
All people with businessexperiences or having good
advisers make riskdiversifications, don`t put all the eggs
in the same basket, so they invest in commercial real estate
and a longterm stockportfolios or bonds or what
They are not investing in more escontracts!
99% of human beings lack the capabilties that is needed
to be a good trader.
These 95-97% losing traders should they be traders or can they
learn to be traders, I don´t think so. They are lacking the
mentality for trading.
Unfortunately there are no tests for starting trading.
If you want to be an aircraftpilot tou have to be tested
and most fail.
There are thousands of professional golfplayers with
identical swings but always the same name on twenty
on top.
Why?
There are millions of people painting and dreaming
of an career as artist, only a handfull succeeds.
Why shuold all people have the ability to make a living
as traders?
Look at the statistics!
Candletraders says it´s impossible to longterm average
more than 1-1,5 which is what he does.
What candletrader indirectly says is "I´m the master of
this play, no one can beat me, total impossible".
In the 1-3 % who succeeds in trading the are people,
I´m sorry candletrader, that have:
Better tradingplans or
Better mental abilities or
Better moneymanagement
I personally know traders consistently average 4-6 espoints
per day.
But if they make this money,why are they not billionaires
now, which many people argue that they should be(laughing
that it is impossible ta make 4-6 es-points per day implying
that the profits should be ivested in more contracts and
groove to billions).
This only shows a total lack of knowledge what business
is about.
If you make money in this risky business you first of all
make a good living for you and your family with two or three
homes(you don´t live in a tent all the time increasing the
number of contracts traded)
All people with businessexperiences or having good
advisers make riskdiversifications, don`t put all the eggs
in the same basket, so they invest in commercial real estate
and a longterm stockportfolios or bonds or what
They are not investing in more escontracts!
Questions:
How could we find and carry out a backtesting/simulation approach to test and achieve a guaranteed results like yours, with very high reliability to prove the upgraded system?
How about if the upgraded system would have any conflicting outcomes against the existing system?
How are we going to handle and resolve the kind of conflicts, as if we stop trading the existing system, we would have to stop earning profits from the existing one before proving the profitability of the upgraded one, whether the upgrade is a minimal improvement which is not we want.
Quote from OddTrader:
Thanks Jack for your sharing.
Luckily Baron has set a ceiling on how many words each post, and you should thank him, not lightly. Otherwise, I guess you would never finish writing
Do you have a web site set up for organising all your thoughts so that anytime you can refer us to your site, in order to save your time and ours as well? Just a thought!
Labor day is the target. I am working hard to preserve process but the "guidebook" is where it will be canned as a system containing the structure, process and results.
In the jounal will be a "guidebook" to print 2 pages up after transferring into Word. Then fold each page to get a two sided page. The pages will be boundable as 81/2"" tall and 5 1/2" wide. I am shooting for 200 pages and I am at 187 now.
you will need a "Chart Book" 8/12 by 11 to accompany it; it has an excel 2pages up contents. This is in two major parts: how sequences form (not looking at future data as in unfolds to make it clearer) and a part that shows learner's charts at all stages of learning. The reality stuff. finally there is a longish set of terms, ideas and mini groups of sequences. These are all in bold in the Guide book and also in the process learning Level II version. The text will contain references to all the chart book charts as well.
So you are correct, I should be able to just post and give people references to be efficient here.
This stuff is not acceptable to 4 out of 5 people. But actually it might be someday. When people are rich that I have mentored it causes some kind of effect. Once thats sets in the newer doubters generally let their role models pass it on to them. That is beginning here now a little bit. And the passing on is quite effective and really well done because there is a QA inherent in the attitudes of those doing it.