Why Is The Obvious Not So Obvious?

[jim2000]

Thank you Redneck trader.

 

[jim2000]

Consider trading a game of poker.

Treat each trade like a poker hand.

Consider trading a day at the crap table.

Treat each trade like a roll of the dice.

 

[RainMann]

Quote from RN

(3) The arousing of the inward POWER

To make a change – I believe – a person has absolutely “got to want it” – has absolutely “got to be willing to do whatever it takes to change”.

So the aroused power is the conviction of doing what it takes, as long as it takes, to facilitate the necessary change

My hat is off to you RN. No. (3) is absent my list as I could attach no meaning to it. It was missing the "to change" part. I humbly submit that as interpreted by you, it would absolutely make No. 1 on my list as well. I can attach perfect meaning to that, and I recognize it's importance in the order of ones progress.


RM

 

[Redneck]

Quote from jim2000:

Consider trading a game of poker.

Treat each trade like a poker hand.

Consider trading a day at the crap table.

Treat each trade like a roll of the dice.

Absolutely agree

 

[Redneck]

Quote from RainMann:

Quote from RN

My hat is off to you RN. No. (3) is absent my list as I could attach no meaning to it. It was missing the "to change" part. I humbly submit that as interpreted by you, it would absolutely make No. 1 on my list as well. I can attach perfect meaning to that, and I recognize it's importance in the order of ones progress.


RM

Thank You - but I'm just a dumbass trader who knows nothing


eta - I just looked over your and my rankings - they are not so different after all - Go figure

 

[RainMann]

I know nothing of these "rankings"

There go my rankings...

 

[Redneck]

One thing I would like to add if i may (I had a thought)

I've shared my views on changing my internal wiring - for whatever that may be worth..

Now a few things I would like to make clear with regard to trading


It only matters what you do - not what you think

It's about making money

It's gambling

There are no experts

Back to figuring out the obvious

RN

 

[jim2000]

Quote from nysestocks:

FWIW, you do not need one single indicator, nor do I use any - how is that for a clue!

nysestocks

You do not use one single indicator, what do you use?

 

[RainMann]

Quote from NYSE

I have to hand it to you RM, you are trying hard to get the "worm" out of his "wiggle hole"

Persistence is a very good attribute to have - this should help the 1 out of 6!

NYSE

This has gnawed me. For me, the worm need not come out of it's hole. For me, this thread has no secrets that I need. It simply has caliber.

RM

 

[RainMann]

Quote from NYSE

FIRST. You must, in habit of thought, separate yourself from "the crowd."

As relates to the above, I dug up my old favorite "life changing" bible in order to find this text. It helps to explain how the herd operates with regard to trading on the advise of the unknowing.



"An error lurking in the roots of a system of thought does not become a truth simply by being evolved. It remains an error; and if thought is consistant, that consistancy can only mean a more intricate enmeshing in error. Usually it requires a mistake in logic to produce correct conclusions from false premesis, but false conclusions can be drawn from false premesis with strict logical accuracy. In this way, integral and elaborate systems of thought can be unravelled in which the rules of logical procedure are rigidly adhered to, and yet the entire system can be invalidated by an error at its base."


RM