Steve46 and Hypostomus Debate Trading Strategy
- Thread starter hypostomus
- Start date
Quote from Exodus:
I have no ideal what your talking about and the sad part is neither do you !
The good news is once steve46 gets his medication he can share it with you
btw, that computer your using at the public library keeps printing i's as a hyphenated y.
stop stop!
ROTFLMAO!
P.S.
I don't know'em but I'm sure Steve46 is a great trader, I just thought that was one funny-as-hell post.
Quote from Exodus:
Oh I know he trades , 1 contract of the ER
Give me a break people, wake up and smell the coffee.
I'm up, I smell the coffee. Smells bitter. Are you bitter? apparently so...
You're not smart enough to play this game. Stop, you are embarrassing yourself. I am starting to think you are a glutton for punishment. You probably take out all your bitterness on the markets as well. Maybe its time to reassess your motives.
hope you don't mind another opinion in this thread, without having taken the time to extensivelly read his works, from the link hypostomus provided i would have to dissagree with you.
its mentioned he regards this pre-logic phase as 'tacit knowledge' which as far as i can tell could compromise information derived sources that could be both logical or illogical in their origins. it seems at thier most basic source they may indeed be raw logical experiences, not always of course. these experiences could in my opinion have a profound and direct course to greater, more refined (logical)thought and/or understanding (epiphany?)
Okay then, an intelligent comment.
I have to say it is unexpected but appreciated.
First off, it has been quite long time since I read the work. So I may not have all the details at my command.
From my point of view, what the author implies, is that we bring preconceived notions to the forum and then look for data that verifies what we wish to believe. If I am correct, those preconceived notions have by definition to be illogical (I like chocolate, why? don't know, I just do). I can't argue your point really because I don't see any reason why a person couldn't have preconceived notions that have a logical basis as well. I think though that most people deep in their hearts know that it is usually the other way around. Just look at trading. We enter a trade, and (some of us) simply "hope" that we are right. We sit there looking at the screen, waiting, and looking for something to verify what we hope is true (that the market is going to go in our direction). Today for instance, did the market head south because of the Korean missile test, or because some of the big boys decided to use that news item as an excuse to mark it down. If you had a friend on the trading floor, you would have an interesting story to tell about that today..
Steve
I have to say it is unexpected but appreciated.
First off, it has been quite long time since I read the work. So I may not have all the details at my command.
From my point of view, what the author implies, is that we bring preconceived notions to the forum and then look for data that verifies what we wish to believe. If I am correct, those preconceived notions have by definition to be illogical (I like chocolate, why? don't know, I just do). I can't argue your point really because I don't see any reason why a person couldn't have preconceived notions that have a logical basis as well. I think though that most people deep in their hearts know that it is usually the other way around. Just look at trading. We enter a trade, and (some of us) simply "hope" that we are right. We sit there looking at the screen, waiting, and looking for something to verify what we hope is true (that the market is going to go in our direction). Today for instance, did the market head south because of the Korean missile test, or because some of the big boys decided to use that news item as an excuse to mark it down. If you had a friend on the trading floor, you would have an interesting story to tell about that today..
Steve
give u the simple answer to success trading emini's intraday..........every time your brain engages during trading hit yourself over the head with a brick so you can't mess the system up.......discretionary traders always end up losing.......... the mystery continues.......why can only miniscule # of traders make money ? smart guys make it 5 years........geniuses in 10........seriously.......
very true i agree with you on this. unless or until we develope the awareness that we do this, we can end up in a cycle where the outcome of those thought will lead to a path where we create the wrong thoughts and reactions to a particular set of circumstances for as long as we fail to recognize this.
as far as trading is concerned it doesn't take much imagination to realize how devastating this can be....although, on the other hand, the person with 'passion' and direction of thought who consciously and with an awarness that comes with 'passion' for something, may and probablly will evolve a thought process that could build on itself, build and follow a structure that could lead to an understanding of a subject that the simpler or less dedicated mind would not realize. the easiest example i could imagine is the passion scientists have for their work. they think and reason their theories, test them, develope logical thoughts based on their test and build their knowledge upon that, in some cases leading to major breakthroughs and understandings in science.
thats how i interpreted the article anyways....not that i am right...if so the passionate, dedicated trader could realize similar rewards as the scientist might for his field. now....if this is in anyway "broadlly philosophical" i'm not sure...havn't conected that dot yet...