Actually, I think that archimedes' post on page 12 of this thread is more on the mark than anyone else's (mine included, much to my dismay
).
Superior trader, a born talent or can be taught?
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- Start date
).hi arch
I am the one who doesn't think teaching works.
I am process oriented instead.
Two meetings back a new attendee suggested that the presentation was a little out of date (bad handouts) and queried if it worked today.
I responded that I would provide to everyone a software program (C language) and the initial repsults.
He said he woild apply it to today's market. (he turned out to be, like you an applied math guy who consulted with investors and did software for them to better be able to trade.
So everyone in the group is in a place where as they do their thing, they have an opportunity to use a backup, if they wish, that has a record of past performance that is about 11.1% every 6.6 days profitwise.
This may be what you are talking about.
I am oriented to mind building as the basis of how to build wealth.
The neuroscientist article in Forbes with the "What the Bleep " background is how great traders are created. He, Merzenich, so far hasn't caught on to trading and its potential. The suggestion to make your brain fitter in the arcticle with Music, Languages, Juggling, Dancing, puzzles and ping pong is child's play compared to the drills I recommend that people do to get with being rich.
The way peole get to trading effectively and efficiently is as martys observed; they "practise".
What they are achieving by practising is.....
What I do when I give people drills to practise is absolutely focus in on the parts of their brains where they build what is needed to get the job done.
Innate..schmate.......lol.....
I am at sports memory for commodities trading.
Take up the piano.......lol...... Take up doing Sweeps for a month using a 25 inch high board and colored ball points.
Do the 2 pair on the DOM
Do the if 1, If 2
Do the R2R on the YM Gaussians.
This is ET land with guys like you and coolbeg, etc... etc.... dickville this am......
ET minds do not do anything......... they just fart day after day......
Who cares if you think my reference to the standard paging used in ET is not what you use.....
Why do I use standard paging...why do I do anything here???????
Just to get people off their asses and get their own potential to come to the surface so they can make some money!!!!!!
When a person is rich he can help out others.
I ought to start a drill of the day club here so people can start doubling thier money more frequently. I can tell you that if a person did 20 DIFFERENT drills in a month as a simple starter, he would, no matter what trading thing he liked to do, be making more f**king money a month than he ever dreamed of doing his own trading method.
Why not be right and rich instead of choosing to just be right and continuing to not be rich.
the way to being a super trader is singular: A person builds his mind systemmatically using proven drills that focus on advancing four separate and distinct thought systems: monitoring; analysis; decision making; and taking timely action.
try this for a second:
You have to be in the market to make money as price changes
you have to hold and be on the right side of the market as price makes a move.
you have to reverse when the market reverses to TAKE PROFITS and to concurrently begin the next hold period.
there are cogent deep penetrating drill for each and every aspect of the above. the mind improvement by doing drills is exponential and not just linear.
Print the sweeps chart and do it (make lines down it with a ball point pen and change colors every time the volume shifts to a new market pace.) continually for one month for every market move and see what the hell happens to your mind.
You, as I am able to do, will be able to narrate the market any period ahead of the market (chose a minute, five minutes 10 minutes fifteen minutes) any time of the day any day of the week any season of the year any insturment of the market.
I am the one who doesn't think teaching works.
I am process oriented instead.
Two meetings back a new attendee suggested that the presentation was a little out of date (bad handouts) and queried if it worked today.
I responded that I would provide to everyone a software program (C language) and the initial repsults.
He said he woild apply it to today's market. (he turned out to be, like you an applied math guy who consulted with investors and did software for them to better be able to trade.
So everyone in the group is in a place where as they do their thing, they have an opportunity to use a backup, if they wish, that has a record of past performance that is about 11.1% every 6.6 days profitwise.
This may be what you are talking about.
I am oriented to mind building as the basis of how to build wealth.
The neuroscientist article in Forbes with the "What the Bleep " background is how great traders are created. He, Merzenich, so far hasn't caught on to trading and its potential. The suggestion to make your brain fitter in the arcticle with Music, Languages, Juggling, Dancing, puzzles and ping pong is child's play compared to the drills I recommend that people do to get with being rich.
The way peole get to trading effectively and efficiently is as martys observed; they "practise".
What they are achieving by practising is.....
What I do when I give people drills to practise is absolutely focus in on the parts of their brains where they build what is needed to get the job done.
Innate..schmate.......lol.....
I am at sports memory for commodities trading.
Take up the piano.......lol...... Take up doing Sweeps for a month using a 25 inch high board and colored ball points.
Do the 2 pair on the DOM
Do the if 1, If 2
Do the R2R on the YM Gaussians.
This is ET land with guys like you and coolbeg, etc... etc.... dickville this am......
ET minds do not do anything......... they just fart day after day......
Who cares if you think my reference to the standard paging used in ET is not what you use.....
Why do I use standard paging...why do I do anything here???????
Just to get people off their asses and get their own potential to come to the surface so they can make some money!!!!!!
When a person is rich he can help out others.
I ought to start a drill of the day club here so people can start doubling thier money more frequently. I can tell you that if a person did 20 DIFFERENT drills in a month as a simple starter, he would, no matter what trading thing he liked to do, be making more f**king money a month than he ever dreamed of doing his own trading method.
Why not be right and rich instead of choosing to just be right and continuing to not be rich.
the way to being a super trader is singular: A person builds his mind systemmatically using proven drills that focus on advancing four separate and distinct thought systems: monitoring; analysis; decision making; and taking timely action.
try this for a second:
You have to be in the market to make money as price changes
you have to hold and be on the right side of the market as price makes a move.
you have to reverse when the market reverses to TAKE PROFITS and to concurrently begin the next hold period.
there are cogent deep penetrating drill for each and every aspect of the above. the mind improvement by doing drills is exponential and not just linear.
Print the sweeps chart and do it (make lines down it with a ball point pen and change colors every time the volume shifts to a new market pace.) continually for one month for every market move and see what the hell happens to your mind.
You, as I am able to do, will be able to narrate the market any period ahead of the market (chose a minute, five minutes 10 minutes fifteen minutes) any time of the day any day of the week any season of the year any insturment of the market.
My mistake if I mischaracterized your position.
I guess I'm confused, though, because you do appear to present yourself as a teacher.
If the message is that one can learn via process, that perfect practice makes perfect, then it does appear that something is being taught: the ability to practice perfectly.
Your final statement is rather breathtaking, assuming I am interpreting it correctly.
I imagine that people who can "narrate" the future up to 15 minutes in advance should not hesitate to bet their entire stake on that "narrative."
Quote from Thunderdog:
Actually, I think that archimedes' post on page 12 of this thread is more on the mark than anyone else's (mine included, much to my dismay
Let me make a comment relative to what is going on here.
This thread is meandering around on a topic and some people think think can wax intellectually about the C and E etc. They are not cutting it.
follow me to the Marine Corps and in particular the the VI squad maintained at the training base.
a major maintains a VI squad for the express purpose of debugging training. His instructors run a show that has no pitfalls for getting Marines throiugh basic and other stuff.
VI is a Marine expression for Village Idiot. Under no circumstances can a VI in basic do anything that will F**k himself up as a consequence of completing the DRILLS imparted to him to "grow" him into a marine.
His mind is not going to go anywhere that is going to get him in trouble because the VI squad has taken care to impart to drill instructors that this is how the drill works and it has built into it what is needed to get the results requrried.
Let me take you to the VI squad for speciall services where one perfect drill imparts chosing from ANY of seven items within view an immediate and silent remedy for any personal life risk exposure. There is nop way an instructor is going to impart to anyone anything that is a non zero tolerance for success in life self preservation by action of consequences.
VI squads create fail safe for instructors.
The essential ingredient that you readily recognize that I have on the table is drills, and how drills are perfected and how perfected drills are used.
I do the walk. And I know how to talk.
Drill perfection for trading is not difficult after 1,000 poeple have been mentored over 47 years. The people in ET who create and perfect drills for those going through the process of learning to tade are small in number.
A person is not taught to trade. He carries out a process to learn to trade and that process consists of repeating doing what is correct and at all cost not doing as a VI (village Idiot) would.
There is a tough cookie to swallow on repeated failure. Teaching yourself to fail repeatedly is what goes on for almost all ET participants. After a certain point there is no antidote.
So I have taken the trouble to get myself on design teams for remedeal therapty at teaching hospitals that deal holistically with the consequences of trauma psyiologically and psychologically. That means I have worked my way into the system to have as collegues a no bullshit array of people who know how it works. I am fully informed that I work exceptionally well and how I got there is a path that is sort of original it turns out. It is not about me. I am there and operational beyond expectation.
What it is about is that there is a fast track way for anyone to get there and it is happening.
Drills are what build the mind to make money. the drills must be idiot proof because of the kinds of people seen at ET and how these people behave when they have been subjecting themsleves to failure by operating in their self built and maintained vaccuums.
Drills fill the mind with truths that are functional. Flawless self preservation in silence is a good special services VI proof drill to have down pat and review periodically for some people.
For traders, they have to get to the place where they know that reading books and being taught stuff is not a viable path in any way. A trader has to come to the recognition that he has to build his mind to carry out four separate functions with the equipment he has at hand.
I post a print (17points) on a 9 point day that a beginner did and ET (Nitro) thinks I fudged the print using a software package he uses. It is insane as coolweb says. Spyder actually did shorts along with those longs and the long side exceeded 100%. What spyder did was do drills. He did over and over what was debugged and effective.
I don't post drills in ET anymore...... this crowd isn't up for getting it down cold.
Well Forbes has finally gotten around to printing a superficial article on getting the mind in gear but the business magazine doesn't even consider doing some business or trading drills.
If you people found some gold somewhere, you would probably say its to heavy to carry and go on looking for something that was easier. Actually no one even came close to recognizing how to get in the groove with respect to knowledge, skills and trading. Now, you have read this. Watch yourself not do any drills. Do you brush your teeth or did you forget how?
If you start doing market drills you get to see the market for the first time.
ARCH is way off the mark.
Others named the position trading that we do "tomorrow's Paper Today"
We all just trade in NOW which is fifteen minutes later. There is an annotated space to the right of the forming bar. It moves across the screen going to the left into the present.
Betting is part of your permanent vocabulary. for this stuff; do you know how hard it is to build a barrier all around the accumulation of thinking that you have stored in your mind?
In terms of sufficiency, predicting and its ancillary stuff drops out of view at some point.
What would your pictures be if you were oriented to considering doing better by interactively refining you efficiency and effectiveness. Someone, recently criticized me for using money velocity too much ....lol..... Did you notice there are no speed limits in trading???
No, what I just had a "momentary look" at is a messianic leader promising his followers the ability to walk on water.
Since you are fond of odd analogies, let's play rock paper scissors.
Your promises of secret knowledge and arcane ability are the scissors. Your ability to obfuscate, redirect and conflate is the paper.
My understanding of the markets via latticework of scientific knowledge, drawn from long study of the various disciplines--physics, mathematics, biology, psychology, history, economics, and so forth---is the rock.
You wield a pair of playskool scissors; I wield a boulder the size of a house. In otherwords, my rock of integrated philosophical and scientific knowledge crushes all your confident posturing to smithereens.
I don't have to believe your spew for a picosecond. Not because I pretend to know you fully, understand you fully, or even comprehend you fully, but because so much of what you say is immediately and terminally contradictory on the most fundamental level. You are like an inventor who claims to have come up with a perpetual motion machine. It is not necessary to dispute the finer points of your design; it is only necessary to have a basic understanding of the natural sciences, to recognize that a perpetual motion machine cannot in fact exist.
But back to rock paper scissors--let's not forget the paper. The paper is your ability to expound grandiloquently, declare pompously, and generally confuse the shit out of weak minded people. (They have natural objections to your claims, but you "paper them over" with arcane ramblings + skillful wielding of rhetorical carrots and sticks.)
Those with a lesser base of integrated knowledge have a smaller rock... a rock that is susceptible to being covered by your paper. Furthermore, some let you cover it out of their need to believe, their need to find hope in a holy grail.
So, rock scissors paper. You present me with your scissors, I ruin your shit with my rock. You try to paper over my rock only to discover it's like trying to hide a boulder with a napkin. My understanding of reality is simply too deep and integrated for your bullshit to work. I could lecture for an hour and a half on why you are full of it if I were so inclined. And I could do so in a clear and concise way that the average joe could understand.
The other ironic thing is, you consistently imply that people here are small minded because they do not recognize the validity of your claims.
And yet, just as truth is stranger than fiction, those making fantastical claims of a false reality are the ones who are small minded in comparison to what is really out there, what is really possible.
The idea of 'narrating' any market, any time, any where is idiocy on the order of a perpetual motion machine. But that does not mean great achievements are out of reach. I have stated my belief that building up to $100 million over the course of a trading career is possible, and I intend to take a shot at it. All kinds of great things are possible, once we give up fantasies and delve into the realm of the real.
As evolutionary scientist Richard Dawkins has noted, who needs astrology when you have astronomy. Real science boggles the mind and elevates the spirit in a way that mystical hocus pocus never could. The same is true in markets. It is possible to achieve great things, to pull off amazing feats, to knock the cover off the ball... but not if one is handicapped and hobbled by starry-eyed delusions.
And by the way, don't feel sorry for me because I don't "get it." Another one of the assumptions you consistently make is that all those who reject your overtures are missing out, that they are blind, that their unfulfilled trading lives are in desperate need of the 'gift' of understanding you offer them. News flash: some of us walk a higher path. You're like a monkey trying to enlighten a monk. Chatter chatter chatter, fling poop, mean face, oo oo oo ee ee ee ah ah ah.
I could care less what you say or who you say it to, apart from a deep aversion to bullshitters. I post this as an exhortation to others: KNOWLEDGE IS YOUR ROCK. If your rock is getting papered over by bullshitters, go out there and INCREASE YOUR KNOWLEDGE to such a degree that your rock is too big to be covered. Learn the truth. Study reality. Free yourself. And look to real possibilities, not fake ones.
I've read a few pages, but... I'm not going to read them all.
So, I don't know if its been said before, but to me, it's obvious that <b>trading is a sport</b>.
In this context, a natural has advantages over the rest. Nevertheless, he has to work extremely hard to hone his abilities; and if he does with great dedication, he 'll become a John McEnroe or such.
As for the rest, with the same dedication, we may aim to be ranked around 50, which is still not a bad living for a tennis player, but, far from number 1 earnings.
...Trading is competitive!
So, I don't know if its been said before, but to me, it's obvious that <b>trading is a sport</b>.
In this context, a natural has advantages over the rest. Nevertheless, he has to work extremely hard to hone his abilities; and if he does with great dedication, he 'll become a John McEnroe or such.
As for the rest, with the same dedication, we may aim to be ranked around 50, which is still not a bad living for a tennis player, but, far from number 1 earnings.
...Trading is competitive!
That's a good blog and I am a big believer in SMA and EMA's.
Back to the subject of the thread. I think anything can be taught, but some will excel better than others because their innate talents are more useful at that given moment.
I better believe talent can be taught, I am learning how to be a trader right now
Back to the subject of the thread. I think anything can be taught, but some will excel better than others because their innate talents are more useful at that given moment.
I better believe talent can be taught, I am learning how to be a trader right now