So veery cool. humans are so overpoweringly capable because of their potential. Meditating takes so much energy to get to "empty". A person is always percolating and turning the burner down more and more is so difficult. BUT, as usual once this skill is underway, then a person has "control" to begin to attain his potential. One of our team players is able to exchange conversations with the Dhali LLama. It is so admirable. I'm sure this person could not handle the slow death of ALS he is going through without having learned what thoughts really are. We spent yesterday together, most of it in the trading office. He can't eat and he can no longer talk. His choking is getting more dangerous. But we could do the market process together. For a while we did movies together but now he makes involuntary sounds so that is out now. Temple is really a sketch as she handles the redneck minds she runs into. I also liked it when she informed the experts how autism really works (the adult version). The picture thing the mind does is so pertinent. as you create the 70 degrees of freedom of the market, you get to have a way of processing the market, important picture by important picture. There are many views at a given time, and only one of them is important. The learned knowledge of steering and focussing is the secret sauce of becoming fully mentally differentiated in long term memory. Say five years into the future, there may be some recognition of taking the full offer of the market. Then, at that time, the processing of information will begin to go straight away from the conventions of today. Temple slowly taught cowboys what was what. The bar to becoming a cowboy is about as low as the bar of an adolescent mental case becoming a trader. Today among adolescents I would say depression is the leading cause of their screwups. Boy is the price of beef different from stressed animals and non stressed animals!!!!! There is no way lactic beef can be sold to anyone but the military which is big and oriented to getting the least for the dollar. So ET is full of lactic still adolescent traders.....lol
Jack, could you kindly tell us your experience with me? I am not familiar with you nor do I find you on my email list. Maybe you follow me on Twitter? I didn't realize you were familiar at all with my methods or my client base. Thanks, Denise
I think we are beginning to broach the subject of the games big money plays. It is understood that orders which are on the book can only be put there by people who are empowered so to do. Most market observers do not know who or how the market is controlled. Leaving this topic the way it is is a good idea. It helps readers sort the posters easily. another strange thing that persists is how measuring the markets is done. Almost all people use the wrong PM or just the wrong measure. Letting this be is probably a good thing too. I posted, you replied. I can see that I am speaking a kind of short hand I usually do with those I program with. To this day, the people who contribute most to the book do not look left of right. In markets the most active behaviors are not doing trades. I admit my only behavioral activity is doing trades. I am always part of the fast lane. I always just have partial fills this means I am oriented to measuring the market in a first derivative manner. So the sentence doesn't make sense since derivatives are usually related to continuous functions, strickly speaking. Anyone can take deivatives in non continuous functions. Openware is where to pick them up for any language (call it time rate of change or speed, if you wish). I am oriented to RDBMS that use C++ derived easy languages that are not done by people who are experts in markets. All the book aspects have a velocity factor and it is true the book is always incomplete because of the side deal operators. speed or velocity is more related to the two more prominent parts of markets than the trading part. Trading is found on two information sites or menus or drop downs. It is not too important. I watch "controllers". They are entities that are more active than traders doing trading. The ones that do not look left or right are the ones that make my day. I, particularly regard the ones whose capital is left at the gate and thus taken out of the race. they are gong to get back into the scene in a short while. They do not do anything until they figure out they just got screwed strategywise. From now on I will trump the vocabulary people with the term "trend drivers". It is like killing "two birds with one stone", stoning. Start with the mediocre setting of "round numbers". As lot of "bird poop" piles up around round numbers. So you have to see that a Wall is common there. To turn there, you do a market order on the inside of the WAll. I use the book velocity of the round number, for example only. People act very independently as though their strategy is the ONLY strategy in the market. If the velocity is two or three times the trading velocity, then most of the roosting strategies are NOT going to be fulfilled. Unfilled traders form a group I watch. Here are two teams: John Henry and Larry Conners. They do not watch each other they tell writers who penn their utterances. They make daily and respectively 20/240 and 23/240 percent. this means they build the WALLS on the DOM; they are mostly doing strategies that get left at the gate. This means all their orders, roughly go through two steps: adding, then deleting. No trading. Who keeps the simmering pot simmering? Maybe HFT. To do orders the HFT has to be in a FIFO context and be there well before anyone else. Harris names the 10 Bid/offer locales as the market moves. HFT must be at the head of the line for each of the 10 locales or at least 8 of the 10. I suggest that orders that do not win are often deleted (pulled) before the FIFO hit takes place. So I watch Wall negative velocity. On other leading indicator of price measures I may not use velocity (call it time rate of change or speed, if you wish). I names are associated with or a combo of: criteria, filters, functions, rules, and/or strategies. Move the book over to a T&S represntation on the OTR chart with P and V. I watch V near ftt's. I always am using my three part test procedure to name each five minute bar as well. I tabbed the functions involved there are over 150 for a day on the five minute bar setup.
Glad you asked. I was in the audience where you first appeared at a TradersExpo. It was stated that the appearance was your first public one. The location was Las Vegas. I will look for my original notes. My time was not well spent from my point of view. (I do remember my experience of your presentation) BUT, I am following your course electronically, since I believe any kind of substantive content is helpful. For individuals, I relate to their ability to grow (in a neuroscientific manner). For psychology, I only consider group behavior. In the financial industry, I am defined under NFA. I file periodically at the request of those who are regulated by NFA. I see you as a person who treats others as you say you do and how you say you do publically. There are records which create heresay (ET is a locus). I am a very unfamiliar person. I don't have twitter or anything that is socially driven, either. My most recent treatment was a series of EMDR sessions as a consequence of my finding out the classified records of the Carter Administration were released. Last evening, I was complimented on my behavior in a demanding situation by the person who schedules my mental treatments. Others freaked out in a humanly reasonable manner to the assemblage. Certainly, I take the suggestions you're making to me in your post above, seriously. Welcome to ET.
Don't mind Jack. He is intensely self-absorbed to the point of catatonia. Otherwise he would have been aware of and followed your stellar progress as a trader and analyst over the past decade. Had he done so, he would have attacked you, because he cannot abide anyone who is the real deal.
Thank you for your serious reply. I have not however EVER appeared at the Traders Expo in Las Vegas. I have appeared at the NYC Traders Expo courtesy of the CME Group in 2007 and 8. The first of which was actually the CBOT and I moderated a panel with John Netto, John Carter and another trader. In 2010 I gave a live talk again at NYC Traders Expo which was replicated by a private individual and put on YouTube. Maybe you are thinking of a private trading group? I did once speak in Vegas for the trading educator ATW. That would have been in the fall of 2006 and yes that probably was my first in-person event. You were a student then I take it? To set the record straight, I was finishing my Master's degree and beginning a PhD in Neuropsychology in 1994 when I became at a trader at one of the first prop firms - ETG Group started by Bob Kanter. I then moved to Schonfeld and was next invited to manage a desk in NYC for Bright by Eddie - then a partial owner of Bright. I ended up managing two desks in NYC (not for Bright) and then when my father was ill, returned to trading my own money. I was invited to rewrite my Master's thesis for academic publication and it became obvious that the conventional wisdom of trading psychology was indeed a large part of the problem in people's success - i.e. when you are working with the wrong model of the brain, you are bad to be bad at the thing you are trying to do. My first article was published in SFO in 2004, a second in 2005 and by 2006 Mirus Futures and then the CBOT (before the merger) began asking me to speak publicly. I have had the honor, privilege and mostly delight to work with the small guys and hedge fund traders with billions of dollars. I believe you know I have a book now. Market Mind Games is the title and the entirety of the reviews on Amazon speak for themselves. Kindly take the above into account in your future characterizations of my knowledge and experience. Thank you in advance, Denise
Until this thread I had never heard of Denise Shull and thought Flava Flav was a rapper. Wow, the trading psych industry is getting crowded.
It is only the "pop psych" venue that is crowded, whereas Denise brings genuine credentials. And unlike the pop crowd, who mostly talk but don't trade, pretending that trading experience isn't really necessary, and even an impediment, she has a solid trading background.
Okay, you got me interested. What is "pop psych" and the kind that Denise Shull peddles? What's the difference? A reference point I can understand is Mark Douglas. Is he pop psych or Denise Shull psych?
IMO Adrienne Toughraie is the poster girl for pop psych trading advice. Doesn't trade. I think Brett Steenbargen is, too, but at least he trades. The primo real deal is Alex Elder. Mark Douglas I don't think of as trading psych (I have three trading books left out of scores I bought, two of them his.) Denise is in Elder's class IMO.