thread: Psychology is nothing

Please discuss to ensure this forum may become profitable as a whole, also.

I won't discuss the system here. It's not my strategy, it is my mentor program. I am not utilised to steal other people work and sell in my own or share at no cost on forums.
Also I am not going to mention who my mentor is simply because:
1) this would be OT
2) it seems to me that it is forbidden to make marketing with this forum
3) with this forum there are more than one good persons that sell their knoledge also give also a lot of help at no cost. If you truly would like to find out and if you are able at least to discern crap from gold it is really not hard at all to find a fantastic mentor for you.

Please discuss to ensure this forum may become profitable as a whole, also.

No, seriously, I would not mind a backup system myself and considering it's different than the rest curiousity alone makes me need to know

Hello Hunting, I am trying to decide if you're being sarcastic or serious, what system?! In all due respect for systems we're not computers, why is there still speak of systems?!
If someone wishes to be profitable, yes, then you can use a program, but if somebody wishes to be especial than, INMO anyway, you must know everything, or near it there is out there or was and learn how to recognise it and trade it accordingly. Example, if you only know English and the person talking to you in plainest terms in Chinese is giving you the knowledge of the world, you won't know him, and won't have the usage for the wisdom. The same thing applies to markets, there are a lot of items on the market, but I had found that if you start with fundamentals, master them, such as sma's, trendlines, fibs, pa, and so forth, such as whole group of systems in between. Then move on to Gann, market geometry, astro cycles, etc. you will start reading the market like an open book, you entries and exits will become a lot more efficient the anxiety level will almost dissapear, and your profitability will skyrocket beyond your imagination and all this nonsense of making a 60-100% a year as a fantastic return will evaporate. Yes great for a client, but not for me personally. Just my 2cents.

1 Attachment(s) Blue,

I know I have not been civil with you personally in the past (my apologees)... but I must sayit looks like your own coming along well. I'm digging on your new level of consciousness.

Perspective = Beliefs
Beliefs = Reality



Stick to your guns,
MM

Unfortuntaley, we're brought up in the contemporary world to succede. To be good at all we do, to be the best, to not loose. Trading is a very different ball game because in order to succede we have to understand how to shed which goes against everything that has been taught to us before, to be the best and to not shed. Insert money into the equation and you have your classic case of greed and fear. Unless we're educated to exchange out of a very young age, i.e the way to shed well to be profitable, we have to understand how to handle our emotions in order to succede in trading. Past conditioning and experiences moulds the mind and understanding how to manage these emotions when trading is understanding how to deal with the market. If 95 percent of traders fail, what type of market activity do you think defines market behavior? Its a market of greed and fear and only the ones that handle their emotions may succede and mechanically following a system may be one way of doing this, like filling a car. However, since most of us are educated from a very young age to not shed, your'article' is not very helpful at all.

Plogy is nothing

Understanding is your entire game.

Can you feel anxiety, greed, stress, or any emotions for those who, for instance, fill up your car?

I understand a rather”blond-between-the-ears” PhD that had been a spoon-fed brat from birth, she was the youngest child, everything was given to her, pretty much.

Well, the very first time she went to fill the auto dad 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 work the pump, didn't understand how much to install, etc.. It was a nightmare.

Was the difficulty all in her mind? Did she want plogical counselling to deal with these feelings? Did she want motivational tapes and books? No.

She had to understand how to put gas in the car. After she knew this, the emotion has been gone from the encounter, future and past.

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

What's it mean to us?

Of course the market will always have unknowns. On any trade, you could have made more or lost , and so you're wrong on each trade to that extent. You can't understand what, but you can understand what to do.

If you have observed a specific market pattern enough times to understand this, or when you have been correctly taught how to deal with that specific circumstance and have confidence because teaching, there will be no emotion involved. You merely do what you know you want to do. It may be appropriate in this specific instance, and it may be incorrect, but you're certain that, statistically, this is the thing you have to do, so you do it.

Only once you understand, can you have”ice in your veins”.

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

A newbie looks at charts and can be perplexed. An expert examine charts and see trade setups. He understands his own favorites, can quickly identify him he knows how to stay focused and watch for the affirmation. He knows precisely when his system says to input this setup, the way to deal with the trade, and when to exit. This is based upon his being educated, his research, /or experience. He is the system. He is confident. He is profitable.

What he does is not any more complied or hard to him than putting gas in a car. There's a succession of steps to go through, and a few things to be cautious of and that's it.

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

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

In other words, it was not her job to teach him to see. If he can't read, he should be mentally ill!

I guess that comes full circle. A person would have to be crazy to want to be a professional trader!

Interestingly enough I wasn't referring to you. Why do you think its all about you?

I would note in passing that the definition of plogy is the science of mind and behavior as well as its surprising how often in this thread people think they are supporting the Plogy is nothing camp by describing components of plogy.

Blue,

I understand that I've not always been civil with you personally in the past (my apologees)... however I have to say, it seems like your coming along well. I'm digging your new level of consciousness.

Perspective = Beliefs
Beliefs = Reality

Stick to your guns,
MM

Thank you very much, Gene. (I really hope I recall your name right).

It's been a journey, you're part of it, and you probably helped more than I realized at the time.

Kinda. This whole thread is rather doing it for me...

Now I've got a raging hint!

Ruby I like the direction that you attempt to support that knowledge is something
really powerful.It took me a while to write this so I hope that you will also spend some time reading it since judging the kind of person you're out of what you write I'd like to assist you clarify some things in mind.

Please read attentively.
There is one thing that is always sure in the market. I don't know where the market is headed all of the time but only one thing is sure: the market will fluctuate.
Market prices will change.If they remain constant forever what we call market today will not be a market anymore.
The concept of what's called change lies deep inside everything that encircles us.From weather to human behavior.Our purpose as traders is to find out how this change is happening and earn from it.We aim to specify those properties which remain unchangeable in the market.All those behaviors which keep replicating themselves and remain the same in order to tame the markets.
This is the action of pursuing knowledge in the market and generally in everything.
Discover what stays constant under any circumstance.It's merely our inadequate intellect the one which compels us to sometimes name as laws mere rules,proposals that in fact aren't unchangeable but just statistically confirmed.

Following this short introduction let me get to the stage.

You quietly assume that humans can be utterly rational.
Humans the most intelligent and plausible of us aren't immune to the notion of change.If brain is the part of a human entity that seeks equilibrium through knowledge then what we call instincts isn't something more but another name for what seeks change continuously inside us.
It is the part of our thing inherited to us by our monster ancestors.
It is something which we cannot affect and control easily only by the desire to do so.That's why religions and martial art used to place as much emphasis on restraining them.If it was that easy so as to issue a control then matters could be simple.Unfortunately it is not.

In ways we resemble the markets.Bounded to change,as these,due to our own nature.The only thing we can control is whether or not our decisions are to be made through logical reasoning while remaining unaffected by the instincts which always aim to throw us from equilibrium. It is not that people have a choice or not to have emotions,it is a part of what we are.Some people can control them by default some people cannot control them so effectively or at all.

I am able to say an example.Let's assume that you're drowning because there is a storm at the sea.You know very well that you need to swim as hard as possible to save yourself but nevertheless you cannot make it.Why's that?
Exactly why the almighty knowledge of the way to save yourself cannot save you in an occasion such as this?
[Even swimming such as Ian Thorp isn't going to spare you in the center of the ocean so please do not tell me that if you just knew how to swim would assist you.In fact consider the situation that your one hand is broken.Even if you are aware that you need to swim and save yourself you wouldn't have the ability to do it even if you are aware that this is the only thing which you can do in order to save .]
The motive is simple.Knowing what to do in order to be stored along with being able to do it are two completely separate things.
[Apply that to the markets]
Understanding how to trade and trading are two distinct things.
I completely agree with you that for the ultimate trader there should be no difference.But consider one more example that will clarify things better.
Let us say we have locked a rocket scientist in an empty cage.
If we order him to create a rocket,will his knowledge be sufficient for that purpose?Does it matter how well he knows how to create rockets?
No.At least he must put himself free from that cage.
That is the way you should find yourself as a trader.
You're in a cage silenced by your emotions because of your human nature.Knowing which you're locked in there is the very first step you need to take in order to place yourself free.That's what you need to know .
Ordering yourself with magic words from this cage will not assist you.You need to figure out a way out.Saying to yourself that emotions don't matter isn't enough to put yourself free.You need to work out the essence of the crate and find a means out.Then you can be worried about how to construct the Rocket...

If by any god given opportunity you're a person of such good nature (that isn't improbable) which you can control the condition of your emotions without a particular effort only with the power of your reasoning then you should better understand that this isn't the case for many people.

Understanding the solution to a problem doesn't mean that there'll always be a way to solve that problem since there are conditions that cannot be fulfilled or accomplished through the power of our brain only.One last example.Let's say you're in a burning home where all of the leaves are blocked and they cannot be used.Knowing that you need to get out will not save you.The sentence I must get out is contradictory to the There are no exits. Since the first one basically means that I have to find and depart and because all of these are obstructed both conditions cannot be fulfilled simultaneously.The one is a practice of mind and thus it cannot conquer the cruel fact that all the exits are inevitably blocked and you don't have any means of opening them.One more occasion that knowledge cannot assist you.

I know I will die,Can I save myself comes the question or entropy will never let me?

Finally a real story about human character...

Throughout the summer that I found myself at a mountain village alongside some friends. That village had very few inhabitants and one of them was a rich crazy old woman that had two house nurses caring for her.
Every now and then,as someone told me,[I just witnessed it once] that woman would snap and would think she was 12 years old girl.
When this happened she tried to escape the home and leave the village seeking for her mum.
The nurses who tried to prevent her from leaving had a hard time holding her inside as she'd
shout so much that she could be heard 200 meters from her home all the way into our property.

With the comfort of space I discovered a pattern in her scre.The very first time she began
crying at the nurses to let out her the entire thing lasted about 15 minutes.Then the voices
almost ceased until she could barely be heard.
After sometime that sadly I didn't recall how long it was because I believed the entire
thing was she began yelling again this time the listeners kept intensifying over time.
My buddies were horrified .They told Just how long will this last? .
Drawing a parallel with the market theories such as Elliott wave I told them.Don't worry soon
she will stop and then she'll begin one more round of fighting with the nurses that
will be more intense than the previous especially in the finish but it is going to last the same amount of time
approximately with the second.
Really she ceased and things went just as I informed them.
The amusing thing is that after the third wave she ceased for quite a while and then she began shouting but for just 1 or 2 minutes and with less intensity.I guess that the was the B tide which I forgot.
I guess Bob Prechter would be delighted if he knew that story.

Human behavior is because it sounds governed by the same patterns that we often meet in the markets.

Originally Posted by kiwi_trader https://www.cliqforex.com/trading-sy...g-journal.html
Why would you believe the turtles all done otherwise? They were using the same system that was perfect at that time. They had the same training. But they each reacted differently to the strain of really major money.

This is an assumption as to why they performed otherwise. (As for the occurrence of a perfect system, we will let that argument ).

To know why results differed, one would have to analyze the transactions of every individual until a pattern emerged.

Perhaps 1 trader was in the restroom when a signal seemed, and he overlooked the one massive profit trade of the week or month.

They did commerce stocks, right? Perhaps different stocks were traded by them every. There are thousands and this was before computers.

Perhaps, as Ubee stated, some simply couldn't stand the machine since it didn't fit their character.

Perhaps a few did lock up because of the strain of big money, and maybe some couldn't care less since it was not their money, they were simply paid to do a job.

There reasons they could get unique results are as individual as the people.

And, lastly, maybe a few were learning discretion. I took the signals as they arrived, and my documents prove within the months that from 25 transactions once the price did this, I dropped the commerce 22 times. So I quit taking signals once the price did this.

That would be the better trader. The others just stored trading the system.

Hi Searching, I am trying to determine if you are being sarcastic or serious, what strategy?! In all due regard for systems we're not computers, why is there still talk about methods?!

System, approach, perception, methodology, etc.. .replace with whatever you would enjoy, I was only attempting to state discuss what he does/you conduct

I had been expecting the reply I received from ubee though, regrettably. No surprises there.
Finally discovered what works after dozens of books, years of trial and tears, but I actually could not say what it's in detail, it is forbidden - Thank you for mentioning it!

I had been seriously interested in being open towards what people say that works and is a tried and tested approach, simply because I've zero difficulty with incorporating various fashions to create a trading logic confluence using what I do(works good as it is, but improving one's self never hurt).

And more and more it is crystallizing what the hard core of traders do would be so mindnumbingly simple people would not accept it as true

I mean, 2-3 lines on a chart and 4 types of pubs, come on, surely that can't be it already! Where is mah complexity!

Therefore I was curious about what ubee / his mentor is doing / referring to.

And if anybody asks what 3 4 and lines types I mean - it is a mystery, I should not ever tell. Well, either that it might be PA and s/r lines;de