The Holy Grail Mindset

Maybe you can't find Holy Grail for $50 but I can't help thinking about Trading for a Living by Alexander Elder. I don't think anyone could state in a review of this book that "It doesn't show how to trade".
 
Quote from STC Capital:



I found it crazy that would-be traders couldn't read a story without expecting to find some holy grail.


So, my question is: Do you think that this particular state of mind is problematic? The mindset to which I'm referring is that of always expecting every bit of info that is market-related to "teach" you something?
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Its not problematic - its just how some people are.
Some people want things to be 'given' to them. They dont want to 'learn.'
IMHO This could equally be applied to the weight loss, positive thinking and management consulting industries. The same reasons why scams will always occur....people want something for nothing in an easy answered package.

Reminds me of that story (myth maybe) of the guy who set his RV to cruise control and went to make a cup of coffee.
 
Quote from eldorado1:

Maybe you can't find Holy Grail for $50 but I can't help thinking about Trading for a Living by Alexander Elder. I don't think anyone could state in a review of this book that "It doesn't show how to trade".
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Well, the purpose of that book was to teach people how to trade. The books I listed, that wasn't their purpose. I'm talking about how some people can't just sit down, read and enjoy a story but instead believe that every bit of market info should contain premodern systems and strategies.
 
I sometimes wonder how Jesse Livermore would have fared in today's market.
Was it easier in those days of no computers etc. ?
More like trading on gut feeling ?
 
Quote from STC Capital:

Well, the purpose of that book was to teach people how to trade. The books I listed, that wasn't their purpose. I'm talking about how some people can't just sit down, read and enjoy a story but instead believe that every bit of market info should contain premodern systems and strategies.
More...

  • It’s like they are standing at the foot of a mountain looking at the . . . success they want to feel at the peak. There is nothing wrong with looking for a faster way to scale the mountain. If they want to take a helicopter or invent a climbing machine that gets them up there quicker, more power to them. What they seem to fail to notice, however, is the mountain.

    This “see it and get it” generation has an awareness of where they are standing and they know where they want to get to; what they can’t seem to understand is the journey, the very time-consuming journey. They seem flummoxed when told that things take time. They are happy to give lots of short bursts of energy and effort to things, but commitment and grit come harder.

    -- Simon Sinek
 
After 10 years of socialism and free school etc. the kids expect the Govt to pay for them. Then a lot just arse about in lessons, unlike the Asians who appreciate it and want to get on.
They gotta spin out 45 years after Uni to a Govt pension. They are encouraging sloth and deadbeats !!

Even mass murders in the UK get a life of luxury in prison for 50+ years !

Socialism and christianity have gone too soft.

Things should be tightened up a lot without going too far, like Nazism imho
 
Substitute trading holy grail for neurosurgery holy grail and absurdness of this "holy grail" mindset becomes obvious. :D
 
Quote from cornix:

Substitute trading holy grail for neurosurgery holy grail and absurdness of this "holy grail" mindset becomes obvious. :D
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+1

Hey I only had a 50% win:loss ratio on my way to 'home neurosurgery' -

dont tell anyone, but I finally found the secret....become a lawyer, then everything is 100% correct, I get paid, client wears the consequences.

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....for those so inclined for sporting psychology and having your mind right as apposed to the holy grail......an interesting read.
http://www.davidpapineau.co.uk/1/post/2014/01/1.html
 
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