it is not smart to buy something that goes up 5% every day-it is not emotionally easy,nor is it rational but for a trader it is the right thing to doI don't find the smartest guy in the room makes the best trader
i d rather be in a bull market than lucky or good: in 2006 my account went up 16 times in a year only to ,lose it all,"I would rather be lucky than good".
.because even shit was flyingit is also very irritating....because it just does not matter why it is going up.....If you're trying to explain what the markets are doing right now and at the end the receiving party asks you "why?", then It's just not going to work
I'm curious how many people consider themselves sort of born to trading.
What I mean by that is that I'm not, for me it is kind of forced, I'm not a natural.
But when I was very young I knew a natural trader, and his specialty in the beginning was trading cards i.e. baseball cards, star wars cards, trading cards for television shows, from cereal boxes, he was just a natural at it. He'd spend a good portion of his after school time riding around on his bicycle engaging the other kids in this kind of trading and had a huge collection of cards.
Later I knew this same person to trade the kind of patches that scouts would sew on to the arms of their uniforms.
When you were young, were you like that ?
Random question just because I'm curious.
You are a terrific asset to ET, thank you.To me, that sounds more like a natural "trader" using the word in the sense of "businessman" rather than with specific relevance to "trading" financial instruments? (But maybe there's some degree of overlap between the two?). What's he doing now (if you know)?
No ... but I was fairly autistic (and didn't have a bicycle): my gift was for math and anything related to it; finished high school when I was "too young" to do anything, including going to college, and started looking at index and currency charts and reading trading textbooks, with quite a while to go, and plenty of time to practice/play on demo/sim accounts, before I was old enough to open a real one.
People think I was a "natural trader" just because I started so young, but the reality's different: I was a "natural trader" like all the people who are described as having become "overnight" successes after their many years' consistent hard work which nobody else had seen. But there you have it: people are often attracted to outcomes without acknowledging the processes that produce them, aren't they?
Alfred Brendel was for decades one of the world's most successful, brilliant and inspired concert pianists, and people (in the world of classical music) often talk about how "gifted" he was, and what a "natural", without ever discussing the reality that he spent a decade before that practising on his own for 8-9 hours per day, including just playing scales for 2-3 hours per day. (Malcolm Gladwell has written plenty about the underlying realities behind related examples of people who are widely seen as just "a natural".)
Psychedelics help with separating yourself with that asshole that lives inside of you... your ego. What a dick.Agreed. It definitely can be trained. I've done it. But then I also practice meditation. Which in addition to accelerated learning. It speeds up emotional maturity. Hehe.
Some people have the ability to feel their feelings. This may appear to the outsider as counteracting an emotion. I can find lots of examples, in ET and in the physical world, of people trying to deny, control or otherwise manipulate emotions. I have a sense that it is better to just experience them. People who talk about controlling emotions seem to be afraid of something, as if it were taboo or otherwise.
