Psychology, are you sure?

[Redneck]

Quote from trackstar:

RN:
How can one find the truth that one does not yet know?

Edit: Or maybe I should simplify by saying what techniques do you use to help yourself learn?

How can one find the truth that one does not yet know


Damn that is a good question


First a caveat – I am / can “only” speak from my experience (view point)


I view the truth in two ways

The “absolute” truth

My “perception of the absolute” truth

The closer I can bring my perception to the absolute – the better off I am.




I had to become objective – completely

I had to open my mind up to all possibilities (how I think – not what) but put in protective stops (resolution mechanisms)

I had to learn how I learn




I had to identify the “absolute” truths about what I was trying to accomplish (trading successfully in this instance)

I had to verify the absolute truths were in fact the “absolute truths” – not my take on them – then I would know them to be absolutes

I had to identify and set aside my prejudices, beliefs, preconceived notions, essentially any/ all baggage I was carrying around

I had to wrap my head around those “absolute” truths, completely adopt them, and diminish/ eliminate / change my baggage which did not align with the absolute truths


eta the above four were a wash - rinse - repeat process - till I got it right





We could get into a discussion about the absolutes of trading, or specifically how I learn – but for it to benefit a person – I believe that person needs to make the journey – prove to themselves the absolutes are absolute, learn how they learn….

Then that person has an investment, (of time and effort) (blood, sweat and tears in my case) – and that investment will make the journey a meaningful one – one which will last a career/ lifetime Sir


Hope this helps Sir

Regards

RN

 

[trackstar]

Quote from Redneck trader:

How can one find the truth that one does not yet know


Damn that is a good question


First a caveat – I am / can “only” speak from my experience (view point)


I view the truth in two ways

The “absolute” truth

My “perception of the absolute” truth

The closer I can bring my perception to the absolute – the better off I am.




I had to become objective – completely

I had to open my mind up to all possibilities (how I think – not what) but put in protective stops (resolution mechanisms)

I had to learn how I learn




I had to identify the “absolute” truths about what I was trying to accomplish (trading successfully in this instance)

I had to verify the absolute truths were in fact the “absolute truths” – not my take on them – then I would know them to be absolutes

I had to identify and set aside my prejudices, beliefs, preconceived notions, essentially any/ all baggage I was carrying around

I had to wrap my head around those “absolute” truths, completely adopt them, and diminish/ eliminate / change my baggage which did not align with the absolute truths


eta the above four were a wash - rinse - repeat process - till I got it right





We could get into a discussion about the absolutes of trading, or specifically how I learn – but for it to benefit a person – I believe that person needs to make the journey – prove to themselves the absolutes are absolute, learn how they learn….

Then that person has an investment, (of time and effort) (blood, sweat and tears in my case) – and that investment will make the journey a meaningful one – one which will last a career/ lifetime Sir


Hope this helps Sir

Regards

RN

Let me begin with a thank you and take the discussion to where I think it leads:

What if the absolute truth was unable to be known? Does your perception of truth become solidified by mirroring the absolute(by being unknown) in that particular case?

 

[Redneck]

Quote from Tradesall:

Absolute truth.. hah.. was I ever that young

Speaking of young, last night I pulled a 19 year old Japanese girl.. and you think trading is hard

Sir

Not sure your point - but here "is" an absolute truth of trading

Price will do what price will do - Period

I will not go any further into the absolute truths of trading - beter we figure that out on our own - imo

Regards

RN

 

[Redneck]

Quote from trackstar:

Let me begin with a thank you and take the discussion to where I think it leads:

What if the absolute truth was unable to be known? Does your perception of truth become solidified by mirroring the absolute(by being unknown) in that particular case?

Yes Sir

Do I know why price does/ did/ will do..... what it does/ did/ will do - no and I don't need to - I accept that fact

 

[MohdSalleh]

Wrong. beacause ultimately perception is reality and the world is a great delusion.

 

[BSAM]

Quote from TradingGal:

In the beginning, it is 90% (or more) psychology for most people. But then I think that over time, experience replaces that......

Usually, when a thread becomes long, gems like the above two sentences get lost/overlooked. Good points TG.

 

[Redneck]

Quote from BSAM:

Usually, when a thread becomes long, gems like the above two sentences get lost/overlooked. Good points TG.

BSAM

But

Would you also agree – come full circle – use the psychology on a chart – to profit

RN

 

[BSAM]

Quote from Tradesall:

Nope, according to Heisenberg's uncertainty principle there is even a chance of you walking through a solid wall.. of course it may take longer than the life of the universe itself but it is entirely possible that every single atom in your body will miss every single atom of the wall sooner or later with repeated attempts over aeons

There is no absolute certainty according to the laws of physics

Don't know this Heisenberg, but I'm guessing he really knew how to party; if you know what I mean.

 

[BSAM]

Quote from Redneck trader:

BSAM

But

Would you also agree – come full circle – use the psychology on a chart – to profit

RN

Red, I'm not sure I understand your sentence here.

Do you mean that someone with good and/or lots of experience can see the fear of others by proper reading of the chart, and use that assessment to profit?

 

[Redneck]

Quote from BSAM:

Red, I'm not sure I understand your sentence here.

Do you mean that someone with good and/or lots of experience can see the fear of others by proper reading of the chart, and use that assessment to profit?

Yes Sir

One can see emotional (dumb if you wish) money come into the market - and take advantage of it

Your thoughts Sir

RN