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cornix
Registered: Jan 2011
Posts: 3035 |
08-02-12 04:58 AM
Quote from jack hershey:
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In conclusion, the vast majority of beggining potential traders keep their focus on repeated failure. finally, they accomplish quitting trading and then they tell others about what they cannot do.
True that. That's why trading and traders are so interesting from psychological point of view. Situation of constant ambiguity creates perfect conditions for classic psychological phenomena associated with beliefs, success, failure, self-control etc.
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cornix
Registered: Jan 2011
Posts: 3035 |
08-02-12 05:05 AM
Quote from cdcaveman:
Why does anyone care about anyone's performance unless your trying sell it!
Probably those who ask for those, either subconsciously (or even consciously) want to see the proof that trading is possible (to confirm their hopes about it) or hear a refuse to confirm their beliefs that it's impossible (in their logic, everyone who refuses to spend his/her valuable time to proove them what they ask is a loser too  ).
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cornix
Registered: Jan 2011
Posts: 3035 |
08-02-12 07:53 AM
Jack Hershey,
I have one idea why so much negativity around your teachings. When I got interested in it back in 2007 and we chatted about it, it looked good, but during discussion on the forum it often leaves impression like you state the possibility to close/reverse nearly every trade for a nominal profit and refuse to accept the definition of nominal loss. Hence so much suspection from people, especially those, who have experience.
I wonder if that's really your idea or was some misconception somewhere in the process of delivering your ideas to the public?
P. S. To me process of extracting of money from markets is the continuous process not divided to single trades as much as possible. Thus single trades can be winners or losers, but extraction process is a guaranteed result, which is effectively a "real" Holy Grail.
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sheda
Registered: Apr 2011
Posts: 678 |
08-02-12 08:59 AM
In conclusion, the vast majority of beggining potential traders keep their focus on repeated failure
Yep ! Because when one loses there wallet, they do not learn " how to look for it better " they learn how to protect it more and make sure its always in there pocket... the emotion of loss comes out in trading to and as emotion reinforces learning so heavily the unaware among us simply learn to lose..... oh I can do it here...they lose!!! they just lose!!!
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cornix
Registered: Jan 2011
Posts: 3035 |
08-02-12 09:08 AM
Quote from sheda:
Yep ! Because when one loses there wallet, they do not learn " how to look for it better " they learn how to protect it more and make sure its always in there pocket... the emotion of loss comes out in trading to and as emotion reinforces learning so heavily the unaware among us simply learn to lose..... oh I can do it here...they lose!!! they just lose!!!
Yea, and it becomes their worst fear, very hard to overcome. Only fantastic focus and willpower allow to keep doing things right to eventually get the winning experience and mental/emotional associations related to trading then change... for a few who get to that stage.
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