Thank you Bundlemaker and Jai . I will look for these books. Bundlemaker , what is the book where I can find Holy Grail of trading ? hombre
LOL Hombre, you won't find it in any book and I suspect my Holy Grail will appear slightly different than your Holy Grail. The Holy Grail has nothing to do with trading, it has to do with understanding how your mind works. For me, it was the epiphany that trading isn't about thinking, it's about noticing. Unfortunately, probably no one will really get what I mean. If you wish to discuss this further, and it's not too far off the subject of the thread I'll try and respond.
That is what I was afraid of . It is like in the movie Excalibur . It lies within ourselves . Right now I am in a stage of searching for and developing a profitable method . I am from mechanical field and never really paid any attention to these things you've mentioned . I would really appreciate if you find a time to discuss this a little bit more, especially difference between thinking and noticing . Sometimes I feel like I am trying to drive with fogged up windshield when it comes to this trading business. thanks hombre
Everyone is different, what works for one person doesn't always work for others. Some people try the power of speaking positive to make changes in their lives, others try the name it claim it route. The truth is that you can't speak faith into existance. It's a choice of the heart. I ran with a amway/quixtar crowd for a while and they all tought if they spoke right and claimed things they would be rich, truth is, all most all of them are more broke than ever. We don't need to pick apart what everyone says and think that this person talks right or this one talks wrong. And don't get me wrong i'm all about being positive and keeping a good attitude but we don't need to be a spell check for others and think we are doing it so right, or they are doing it wrong. Many love to take offense to what others are saying. I even know Christians who get upset when someone will say, "i believe." They think you should say, "your spirit filled." Still others think you should say,"i love the Lord." Its just rediculous, there is no need for these petty arguements that do nothing but tear others down and attempt to make ourselves feel better. I always say the market treated me good/bad today. To me i just trade my method and however the market reacts to my setups is how i do for the day, am i right to think this way or wrong, who cares it works good for me Now i agree with having a plan but etc. etc. that is good but everyone is going to speak a little differently and not going to word everything just like you would. There is no reason to take offense, seems to me if do you'll spend much of your time upset. pierson
Pierson, I agree whole heartedly. What you describe is in essence people getting stuck in their beliefs. No matter how hard you believe it, no matter how many believe it, won't make it happen. It is a component in getting what you want, but it's not nearly enough. As near I can tell, there is only (conceptually) one thing that all successful people share in common: their unconscious processes. Why do I know this: easy, there are simply too many different ways to be successful. Sometimes even opposites work just fine for different people. According to my model of the world, all that leaves are the unconscious processes as a similar base for success (or for that matter failure). I had spent many years trying to replicate excellence. Model what other people did that worked. This is a good way to do it. Potentially very powerful. Somehow, it never quite worked for me though. Think about all the really great traders that are more than willing to share their methods. How come very few of their students don't fair to well? I think I finally figured it out. If only there was a way to model without carrying along the baggage that is your own reality. This means literally becoming something different. Someone different. You aren't who you think you are. You are who you really are, it's what you think you are that gets in the way. All your beliefs, references, and experiences make up a vast storehouse of internal representations of who you think you are. Problem is, that's not who you are. So, how to get from point A (who you think you are ) to point B (who you really are)? I have found only one solution that works for anybody. It's called noticing. Being aware. You cannot force change. You can, however, observe what you do with no judgement. Just notice. I can't begin to tell you how powerful this is. Almost every single one of you who reads this will believe I'm crazy and never even give it a chance. Once you can become so aware that all your "baggage" is gone from your awareness process everything will become much easier. Especially trading. I submit that it's not about trading. It's about becoming the kind of person that is a trader. There is a huge difference. I don't expect anyone else to agree with this. I will not argue my point. It's enough for me to have witnessed my own changes and those of many of my closest friends. People who have struggled a lifetime and now easily do anything they set out to. I have had opportunity to view a wide cross section of personality types who have what they now want (or are very much on their way). Assuming you're biologically functioning correctly, what I espouse will work. The downside is, you'll never know how long the path is. That's where a bit of faith does come in handy. I will, however, happily continue to comment on any questions.
It's not because you begin by an unconscious process that you have to continue with it. In fact all my life I have always began to cope with reality by experimenting first before thinking about it because I need to get a "feel" the stuffs before I theorise on it but after that never I have contented with such unconscious process : all my works have then focused to make conscious what was unconscious and eliminate all the fuziness around unconscious process. This is called process REFACTORING in methodology and that is necessary to achieve CONSISTENCY. As a quality engineer CONSISTENCY is the key concept to allow further PROGRESS and so better PREDICTABLE AND RELIABLE PERFORMANCE and not ERRACTIC one.
In the word REFACTORING you have the word FACTORS: refactoring is about extracting common factors among the variety of experiences or in other words it's about seeing COMMONALITIES whereas others see only ODDITIES. It is the equivalent of a scientific model except that it doesn't deal with mathematical equations. So REFACTORING is just the very PROCESS of making a MODEL of the WORLD. If you haven't made such a process you cannot pretend having a MODEL of the WORLD (or rather a subpart of the world).
Interesting thoughts and comments - thanks for sharing. The question I have is - once you get accustomed to "noticing", and you do it on a regular basis, what moves you from "noticing" to reaching your full potential/success (or as you put it, easily doing anything you set out to)? Does that make sense? I will condition myself to "notice", but what next? Thanks again. Much appreciated.
It will be probably very difficult to step out of myself nad judge objectively . At least initially . It definitely makes sense . Is there anything to read on this subject or is it your brain child ? Very enlightening .