thread: Psychology is nothing

The thing that brought this whole thing about is that, after a painful year of full time Forex, matters seem to be starting to click.

It's like, when I read something, I will say AHA and apply it into my trading. Or it can be rejected by me. They can't afford to do really until someone gets enough experience.

I can think to myself, Hey, I did this the other day and it was profitable. I'll make that part of my plan. This DEFINITELY works!

Without that year of attempting countless different things live, and doing it wrong a LOT, I feel I'd still be unable to sort through all of the mixed suggestions and pick out something and say THAT IS TRUE!

Or, YES! That is 1 thing that I've been doing wrong! Consistently!

Every time you've got one of these moments, you've just learned one secret of your own. You would not be able to show it to another without waiting for that 1 thing to seem so you can show them the way to take action and sitting at the tube for weeks. It's about how it occurs in real time.

That secret becomes a part of you, part of your system. When that situation comes up in the market, you will not sit and worry and wonder if you're doing the right thing, you know how to manage it and simply do it.

Emotion should not be a problem. If they still are with some individuals, then I suppose those people and I won't agree.

I'm from a technology background. If I understand something is statistically valid, I'll do it.

Plogy had nothing to do with that secret being discovered. It's a trading strategy.

The other day when I discovered something, I knew I had something which will make a huge difference in my trading. If I could pick just one of these per week up, I'll be doing in a couple of months.

In the meantime, trading friends send books about bettering your brain for all, and they're great stuff.

But, I Want to Learn How to trade.

Alex Elder states in the event that you lose, go to AA but pretend it is Losers Anonymous.

How can that teach you to trade?

These keys I speak of, could be picked up in scores by working with a competent mentor who was willing to spend live time with you. But, who is going to do that?

I talked to a professional trader a few weeks before.

Told him that I was going at my wits end. He tried to help. He referred me back to something he had taught me awhile back, his bread and butter system. I informed him I tried, and could not trade it.

He said the reason systems don't work is because traders don't adhere to the rules. Whoa! A challenge I knew that I could win hands down.

We pulled up charts and I showed him false signal after false signal after false signal his system generates.

Every timehe told me why he would not have taken this trade, also pointed out the good ones he would opt to take.

He looks at charts, he's just like a machine! He sees patterns and setups . It's automatic. He does it without thinking, and trades without considering it, basically, so he called this trading mechanically.

I really had to convince him that this was optional trading. I explained, no, mechanical is.... And recited back his principles . Then he knew not anybody could only exchange a profitable system and earn money, which it was not.

PS, why I knew his bread and butter system directly off the top of my mind was that I programmed it for him. It had been. He does not win with it solely because of his attitude, he wins because he knows how to trade the market.

What a thread Really

errrr.... How we egorize an evil scientist? A stupid smart person?

Translation: that the planet is filled with problem, yes, we've proved that our word, but there is almost nothing on earth that works well on everything

I think evil scientist functions just fine, you can't state it any better than that.

Ethics and intelligence are two distinct things, often not connected.

I was talking to a professional trader a few weeks before, a fantastic friend.

Told him I was going at my wits end. He tried to help. He referred me back to something he'd taught me back, his bread and butter system. I told him I could not trade it, and tried.

He said the reason systems do not work is because traders do not follow the rules. Whoa! A challenge I knew I could win hands down.

We pulled up charts and I showed him fictitious sign after false sign after false sign his system generates.

Each moment he told me why he would not have obtained that trade, also pointed out the good ones he would choose to take.

He appears at charts, he's like a machine! He sees patterns and setups . It is automatic. He does it without thinking, and trades without considering it, basically, so he called this trading mechanically.

I actually had to convince him that this was optional trading. I explained, no, mechanical is.... His rules were recited back by and for his system. He knew not anybody could exchange a profitable system and make money, and that it was not emotion or private plogy which has been screwing up his pupils.

PS, the reason I knew his bread and butter method right off the top of my head was that I programmed it for him. It was the EA I done. He does not win with it due to his attitude, he wins because he knows how to trade the market.

Blueruby: I concur quite much with everything you've said on this thread.

WTB: actually it is not weird in any way, but rather most of different articles in this and other forums are weird.

Plogy isn't anything
This statement is a complete
Knowing is the entire game.
As is that 1
appears to be a paradox to me. You're attempting to make a case for analysis, but even the quants from MIT do not know everything. Case in point: that the scam caught hedge fund quantists by suprise. I have articles to back this statement up .

I understand a somewhat”blond-between-the-ears” PhD who was a spoon-fed brat from birth, she was the youngest kid, everything was given to her, pretty much.

Well, the first time she went to fill up the car daddy bought her at a self-service gas station, she experienced a range of emotions from fruion to terror. She didn't understand where to put gas in, didn't understand how to operate the pump, didn't understand how much to put in, etc.. It was a nightmare.
This part seems as a part of Paris Hiltons' memoirs

I guess that comes complete circle. A person would have to be mad to want to become a professional trader!
Not so much mad, but lots of money and a large ego will go a very long way on this business.

Paris Hilton would probably make a good trader, because she doesn't need to understand anything and hasn't a clue about plogy. Until she discovered how she could trade and trade and trade.

Am I missing something here? What is this for p-babble?

What a very Bizarre thread indeed

LOL I could find some nice substitute words for Bizarre:

Learn to trade, you won't need pbabble or fortune.

And, you'd better get a handle on those feelings of irritation. Veiled insults are currently lashing out.

LOL.

I know how to trade. And there weren't any veiled insults.

Just a hidden narrative. It provides an opportunity for folks to see the kings clothes or decide he is naked. Clearly you think he's naked.

Good luck in the future. Whether your true ideas are represented by this thread you will need it.

Plogy isn't anything

Knowing is your entire game.

Do you sense anxiety, greed, worry, or some emotions when you, for instance, fill up your vehicle?

I know a rather”blond-between-the-ears” PhD who had been a spoon-fed brat from arrival, she was the youngest kid, everything was given to her, pretty much.

Well, the first time she went to fill up the auto daddy bought her in a self-service gas station, she underwent a range of feelings from fruion to terror. She didn't know where to put gas in, didn't know how to work the pump, didn't know how much to install, etc.. It was a nightmare.

Was the problem all in her mind? Did she need counselling that is plogical to deal with these feelings? Did she need tapes and books? No.

She had to know how to put gas in the vehicle. Once she knew this, the emotion was gone from the experience, past and future.

(She might have had to figure out for herself the best way to take action, in which event positive mindset would have played a role, and kept her from giving up and sitting in her vehicle in despair. But that is as far as that goes.)

What's it mean to us?

Of course the market will always have unknowns. You misplaced or could have made, and therefore you're wrong on each trade to that extent. You can't know everything, but you can know what to do.

If you've seen a specific market pattern enough times to know this, or when you've been properly taught how to handle that specific situation and have confidence in that teaching, there'll be no emotion involved. You do what you know you need to do. It may be appropriate in this case, and it may be incorrect, but you're certain that, statistically, this is which means you just do it.

Only once you know, will you have”ice in your veins”.

Today to go one farther, there is nothing we find in the market which has not happened before.

A newbie looks at charts and is perplexed. An expert looks at charts and see commerce setups. He knows his favorites, can identify them, he knows how to remain focused and await the affirmation. He knows when his system claims to enter this installment, how to deal with the trade, and when to exit. This is based on experience, his research, / or his being taught. He is the machine. He is confident. He is profitable.

What he does is no more complied or difficult to him than putting gas in a vehicle. There's a succession of steps and a couple of things to be careful of and that is it.

We are told day after day, by literally hundreds of people that trading is chiefly plogical. If you are not profitable, it is just in your head.

That reminds me of a grade school teacher I had a conversation with after. She stated,”If he can't read we provide him a simpler book. If that can't be read by him we provide him a simpler one. If he can't read that we send him upstairs to get him evaluated, he must be ADD or something”

In other words, it was not her job to teach him to read. He must be ill, if he can't read!

I guess that comes complete circle. Someone would need to be mad to want to become a professional trader!

Hi Blueruby'

This really is one of the very enlightning posts at the start of a thread I have likely come across so far (well actually the first two lines say it all).

Perhaps some people today need to read it ! I mean no direspect however a number of these, what do I call them lets say'edued' people (they clearly are due to articulated manner they answered ) have totally missed the purpose of Blueruby's initial post. Blueruby will allow me know, unless its me if it's I'm sure.

Is this thread wierd absolutley not although a few of the replies are (again no danger ).

Could Paris Hilton understand to exchange, may be wrong but I don't think so. But then again she probably earns more than many of us put together on FF and is likely more intelligent than she lets on lol.

Any commerce has an apprenticship interval of three or more years with many more years of experience to become really profficient. You also gain the knowledge that's the advantage and when the penny drops, emotion or the pyschology stems from not knowing what your doing.

That is my thinking in this stage of my trading career and maybe time will prove me wrong however I will continue to understand (trade live) and gain the knowledge to know what's occuring and trade accordingly.

Another day I proceeded to click out of a trade, also obtained a requote. I clicked without assessing what I do, and also the trade closed.

When I assessed history to log the trade, I found that I got 1 pip less than that I meant to. Blasted requotes! I had clicked the OK button and let them choose my pip. Damn brokers.

Well, today it happened again, and I said no. Greed came to the picture. I waited to find that 1 pip back. The final effect of the trade was that I lost 2% of my account instead of take 1 pip less.

From now on, I won't wait. When it's time to get out, it's time. I will OK that the requote.

Should I lose a pip, that is the cost of doing business.

I understand now.

Sounds a lot like your grade school story.