thread: Psychology is nothing

89980

The other thing we do as traders would be hang on to anything that affirms what we believe, even when we don't have good evidience it works.

This isn't the point you're making, but it brings up an superb point, FX. Even somebody who knows how to exchange, read charts, etc., might possibly be biased to the point where they only see what they wish to see. Such as, when a person is long, they dismiss the downticks, that kind of thing and may cling to every uptick. We probably do so. There could be leftover bias from the previous days' trades, or alternative, trades that are even elderly.

Again, certainty and knowledge will push bias aside.

Lets presume that we all, as a group can agree on a series of plogical triggers on the market

Sounds interesting. This isn't related to my first purpose. If anybody actually got it, I'm still wondering.

Alright... less debate without evidence, let's grind out a number (in between trades of course). You'll have facts which you invent a real debate from and can pick even in the event that you disagree with the outcome.

I guess you did not actually get it, also it did not ring true to you.

89980

I agree.

My point is, even when you gain certainty, you'll have control over the feelings.

Many people think that if you just control the feelings, then you are going to be a fantastic trader. Not so. You have to understand how to trade.

Even having a fantastic system is not enough. You have to understand.

My post on requotes is a good example of one of these things, for me. It's true for me, and from now on, there'll be no emotions when I'm confronted with that thing, although it might not be true to everybody else.

That actually is a really interesting point... There are amny great mechanical models out there which receive considerable funds on the institutional level... with that said, a fantastic discretionary trader will often receive more money and typically have smoother equity curves... I don't rememebr where I read that I can not source it was something I came accross around three years ago when I began to focus on getting my (mechanical) version before a hedge funds.

89980

You are right, it's past tense, but it is also current and future.

Sorry to be picky, but he's trying to learn English.

When someone is being patient, we state that they have patience. It is a feature.

Past tense would be

He had been patient. He'd patience.
I had been individual. I had patience.
You were individual. You'd patience.

Future is exactly the same.

I'll be patient. I'll have patience. etc..


Then there is the homonym. Sounds exactly the same definition.
The doctor had a patient. He had several patients daily.

That word, individual, means someone being treated by a doctor or such.

This is what I really like the most by calling in FORUM discussion. I can find many things interactively Frankly speaking... I do not have the patience to open up my dictionary that is thick to Really Discover the meaning of the word

Cheers partner

89980

That really is a very interesting point... There are amny good mechanical versions out there that receive considerable funds on the institutional degree... having said that, a good discretionary trader will frequently receive more cash and typically have smoother equity curves... I do not rememebr where I read that I can't source it but it was something that I came accross around three decades ago when I began to focus on getting my (mechanical) model before a hedge funds.

I find that extremely interesting since I do not feel that mechanical systems may work, however, I know that associations use them.... That's been a puzzler of mine because I programmed my initial EA.

Your expertise is a significant reward to us, FX.

89980

This is precisely what I love the most by involving in FORUM discussion. I can learn many things interactively Frankly speaking... I don't have the patience to open my thick dictionary to actually discover the meaning of this word

Cheers partner

Seems like you got it!

But keep that dictionary handy!

89980

Lets not wonder or argue

straight back to my first point, it is not anything to wonder or argue about.

Maybe I didn't say it nicely. Maybe folks are not reading the post.

Once you understand the stage, either you've experienced it and agree, or you have not and disagree, /or else you will experience it.

89980

Plogy isn't anything

That reminds me of a grade school teacher I had a dialogue with once. She stated,”If he can not read we give him a simpler book. If he can not read that we give him a simpler one. If he can not read that we ship him upstairs to have him he must be ADD or something.”

Quite simply, it was not her job to teach him to read. He must be mentally ill, if he can not read!

I figure that comes complete circle. Someone would have to be crazy to want to become a professional trader!

Concerning taking advice from someone, you should not hear a single thing this so called instructor must say. Her statements reveal that she's not a professional. A failure in terms of students' learning.
If someone on my staff had an attitude like this individual they would be booted out faster than you can spell out'reckless'.

Just needed to place this directly. Now back to the friendly trading conversation.

89980

Plogy is nothing

Knowing is your whole game.
....
That we send him upstairs to have him evaluated, he must be ADD or something”

Quite simply, it wasn't her job to teach him to read. If he can't read, he must be ill!

I figure that comes complete circle. Someone would have to be crazy to want to be a professional trader!

Nice view. But I believe Plogy is all in this market since it is the reason price moves. But emotion on the flip side, which comes under the broad umbrella of plogy. . .plays a smaller role especially for experienced men and women.

89980

That is the view... for me personally... plogy is everything. I treat the market as the assortment of whole traders on the planet plogy. Market is NATURE... maybe not SYSTEMATIC. What about PANIC.... Is not it plogy? Somehow many men and women see market as something orderly because they would like it to be orderly so that they can exchange comfortably.

Knowing is the entire sport of course... did you understand about the OIL PRICE SURGE today beforehand? Last year did you predicted about the issues that were SUBPRIME? Anyone did? What are the major elements that gonna influence the market next year? We left SPECULATION. Sometimes market already move sooner than the true fact/data release.

Market is NATURE... it is evolving. If I want perform along with it... my trading platform has to also evolving.

That is only me and my mind. I'm profiting from it. So be it

In many words, this is exactly what I mean.

P.s

I believe this thread started on the wrong leg by using the term plogy set up for feelings
But again, emotions drive this market. If u can Work out How the market on a whole is sense then can figure out the following movement

recent examples:

china reserves
sub prime
oil

And Bear in Mind, fundamentals tells complete the leadership while technical informs when (enter, exit, re-enter)

899801 Attachment(s)

Back to my first point, it's not some thing to wonder or argue about.

Maybe I did not state it well. Maybe folks are not reading the post.

As soon as you understand the point, either you've experienced it and agree, or you haven't and disagree, /or else you may experience it.

I should maybe have utilized the term debate as it's less negative meaning... anytime we start this type of topic, be it here in our favorite hoby (perhaps these are the same) we always end up in a debate where there are lots of opinions but few details in the front of the dialog or after.

Didn't mean to suggest that anyone was claiming

It's kind of like the individual who drives a rubicon using a 3 Pro Comp SA lift and the guy who drive one using a 4 LA kit. They debate and will sit all day long about the advantages of each approach. Lower center of gravity vs more flex and so on... Of course while they're arguing I am just crawling by making them all look foolish in my old beater