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Mind Control 101 â Trading cults in ET
- Thread starter Rabbitone
- Start date
Quote from fearless9:
The problem with realism in trading (since this is what we are talking about) is that it is internally generated.
Sure, you can discuss rsi, macd, channels etc with unknown people on forums such as ET, TL etc, but all this amounts to swapping hubcaps compared to the real engine of trading ... and that is the Trader him/herself.
Until a Trader really knows what he or she must be prepared to give and prepared to do, then they remain highly vulnerable to every trick, posting and free trial on offer.
How can they sense what is reasonable in terms of input versus output when they have no sense of realism concerning trading.
regards
f9
Thank you for your insightful comments.
Quote from Rabbitone:
People who brain wash others are not about to turn over their edge to you so you can make money. Then you would have no use for them. They are going to use every thing in their power to not divulge anything useful. They often throw out tidbits of trading to keep you hooked. Without the mystery of their methods you and others will wander away and their cult will dissolve.
So I guess you are saying that anybody with the cult leadership skills and mentality would never share with people just to bask in the glory of their appreciation?
You are more than just a little closed in your opinion there and limited in your ability to imagine a scenario... I posit that it is entirely possible that somebody could indeed form a cult and share all the info they knew about trading... there are a lot of different mentalities out there, read up on personality disorders on Wikipedia, they are well understood nowadays and they are well defined in those articles... it is far from being outside the realm of reason to think that a cult leader could really help his followers, what better cult to lead than a really rich one, who wants a bunch of poor losers hanging around.. well there was Jim Jones but he was outside the realm of an internet cult leader, he had physical access to people and literally was extorting them, he ruled by fear. It's pretty hard to rule by fear via the internet...
Quote from Rabbitone:
You have some good thoughts. But it is much more than just greed. These traders are hungering for acceptance in the "trading community."
"The greatest vulnerability amongst Traders (if ET is anything to go by) is greed ... pure naked greed ... the overwhelming desire to grab something before a full understanding of the "what, where and how" is achieved."
The second half of this sentence intentionally qualifies the first.
When someone understands the "what, where and how" of trading then the perception of greed/hunger disappears and the hole left behind is replaced by the thoughts and subsequent actions that generate consistent profits.
Until this thought process occurs the trader continues to bluff him/herself and dazzle others with stupidity and childish statements.
It is the very reason for failure in this game. Simply because at the retail level there is no possibility of employing the level of manipulation being played out in the outside world with so much apparent success.
regards
f9
I imagine the greatest hurdle most traders must overcome is to learn to think for themselves.
That's an incredibly insightful post f9.Quote from fearless9:
"The greatest vulnerability amongst Traders (if ET is anything to go by) is greed ... pure naked greed ... the overwhelming desire to grab something before a full understanding of the "what, where and how" is achieved."
The second half of this sentence intentionally qualifies the first.
When someone understands the "what, where and how" of trading then the perception of greed/hunger disappears and the hole left behind is replaced by the thoughts and subsequent actions that generate consistent profits.
Until this thought process occurs the trader continues to bluff him/herself and dazzle others with stupidity and childish statements.
It is the very reason for failure in this game. Simply because at the retail level there is no possibility of employing the level of manipulation being played out in the outside world with so much apparent success.
regards
f9
We have all seen these actions taken time and again by any number of different "resident gurus" (and their associates), who when put to the test of proving the profitability of their system (via live calls, blotters or trading competitions) choose to resort to the very actions that you mention in the second part of your post, no doubt for the very same reasons mentioned.
In short, I am very glad that I didn't come to ET expecting to find anything, for if I had of, that expectation would have been sorely dissappointed.
Quote from MandelbrotSet:
In short, I am very glad that I didn't come to ET expecting to find anything, for if I had of, that expectation would have been sorely dissappointed.
I think ET is a very difficult training ground for a new trader.
By the time I discovered ET, I had already formed the conclusion that I needed to follow price and only use enhancements where I wanted to highlight a particular pattern.
If I had to start all over again, that is where I would begin.
regards
f9
Quote from fearless9:
good morning,
I see that JH is taking "incoming" again.
It is my opinion from my years of travel and living on planet earth that the most difficult and therefore most elusive task facing each and everyone of us, is to take control of our own lives.
This involves an ever increasing level of Self appraisal and Self honesty until a certain point of detachment is reached, whereby you can see very clearly the games that are played out around you, and yet they neither bother nor involve you.
This is the point where trading (and other matters that matter) become obvious.
To even approach this point requires the undoing of all the conditioning that has been imposed upon you from your day of birth.
It really does not matter whether it was well intentioned or whether it was not; the point is that it does not belong to you and therefore is taking up space that actually belongs to you.
There really is not much more to add, as the human mind is more than capable of abundantly caring for itself and it's host (you).
All it requires is a kick-start in the form of clearing away the debris from past storms.
As always, if there is anything in this post that does not suit you, then just simply ignore it.
regards
f9
Thanks, one of the best posts I have ever read on this forum.
Eight -Quote from Eight:
So I guess you are saying that anybody with the cult leadership skills and mentality would never share with people just to bask in the glory of their appreciation?
You are more than just a little closed in your opinion there and limited in your ability to imagine a scenario... I posit that it is entirely possible that somebody could indeed form a cult and share all the info they knew about trading... there are a lot of different mentalities out there, read up on personality disorders on Wikipedia, they are well understood nowadays and they are well defined in those articles... it is far from being outside the realm of reason to think that a cult leader could really help his followers, what better cult to lead than a really rich one, who wants a bunch of poor losers hanging around.. well there was Jim Jones but he was outside the realm of an internet cult leader, he had physical access to people and literally was extorting them, he ruled by fear. It's pretty hard to rule by fear via the internet...
âPeople who brain wash others are not about to turn over their edge to you so you can make money.â I still stand by that statement. But, let us examine it more in-depth.
The statement doesnât say that the majority of ET traders do not contribute trading ideas. Some traders do share just to bask in the glory of their fellow traderâs appreciation. I get PMâs all the time as do many traders and have answered many questions in-depth about trading.
You stated â⦠You are more than just a little closed in your opinion there and limited in your ability to imagine a scenario...â Please read again what I wrote ââ¦People who brain wash othersâ¦â It doesnât say that everyone on ET who opens a thread on ET is a brain washer. It doesnât imply a ET cult cannot exist that has legitimate trading objectives. The whole point of this thread is some are not straight. Donât believe me. Look at the 1000âs of cult replies on ET and you will see who they are.
You statedâ ⦠It's pretty hard to rule by fear via the internet...â That is simply not true. Tell that to the 159 parents this year who have found their children dead from hanging or slashed wrists from internet cultsâ¦.