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If you want to fail as a trader, study TA

Discussion in 'Psychology' started by The Expert, Apr 27, 2010.

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Fibbin-Archie
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Quote from Blotto:

Thank you TE. Your surmise is quite correct.

As we discussed earlier by private route - the cannon fodder present no serious threat to our interest, however I do question the value of continuing to engage with morons who think they may behave how they please, with no regard to proper conduct and respect for their betters.

I believe you are sincere in your efforts to help those who wish to help themselves, however I do not consider that this is the most appropriate forum to do so. The very minute discussions are elevated to a level which requires responsibility for ones own thoughts then the mob appear and persist in dumbing down everything to their level.

FA is a case in point. My message to him clearly explained the limitations of forcing all discussion to conform to his own (limited) point of view. I know what's what, however I am always open to learning and strive to hone my skills and take this endeavour to the highest levels I am capable of. This is necessary in all levels of trading.

FA has obviously shut himself off to any possibilities which do not conform to his limited and incorrect worldview. When I state facts, I am retorted to with abuse. FA defends this position by stating that he will respond to people with the same attitude that they treat him - if only he were able to discuss with me on my level, and with the same motives. Instead he resorts to childish insults as he does not know, and does not know that he does not know.

Note however that he will follow up with questions, trying to pick the brains of others but always ready to retort with rudeness when he does not get the reply he wants. It is not a stretch to consider that he treats the market the same way as he treats others on this board - and when something presents which is contrary to his expectations he will not adjust himself, but he will try and force the facts to adjust to him. What happens when he tries to do this in the markets? Well, we know that - he has probably part filled our orders!

Those who can recognise the value of your contributions have either earned the right to be consistently successful market participants or are well on their way. The rest are beyond help until they change their attitude - this is the best lesson which can be taught to them, and will enable them to achieve success in whatever they aspire to. It is also impossible to teach them while they remain unwilling and unable to learn, and for the time being it is best that they remain where they are. Everyone has the opportunity to progress should they realise the need to behave properly and approach their tasks in the correct way.

I wonder if you have come across the works of Ayn Rand? The antics here remind me very much of the closing chapters of Atlas Shrugged - the looters demand everything from the producers, however they are intentionally ignorant as to the fact that they have nothing to trade in return. Instead they believe that we exist for their benefit, and have some duty to provide to them the fruits of our many years of hard work and sacrifice. Familiar, yes?
More...

Oh contraire, you made the first aggressive post, you caught me in a bad mood and I've apologised for my response. However it is quite plain that you do not have the grace to accept that apology and instead persist with your snide comments.

And it really beats me as to why you are acting like such a precious little princess, I haven't asked you anything, my question was directed to Oldareg and TE.

#1341 Jul 13, 2010

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Fibbin-Archie
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Question to Blotto, if you're such a great successful trader, who by your own words considers himself to be superior to everyone else, why are you going round insulting and anonymous strangers on an internet forum?

Doesn't really add up now does it?

#1342 Jul 14, 2010

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xburbx
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Atlas Shrugged - Greatest book I have ever read. It's sad how our countries current state is so similar to a fictional book written in the 50's. That was also an interesting comment in regards to the looters. Who is John Galt

Quote from Blotto:

Thank you TE. Your surmise is quite correct.

As we discussed earlier by private route - the cannon fodder present no serious threat to our interest, however I do question the value of continuing to engage with morons who think they may behave how they please, with no regard to proper conduct and respect for their betters.

I believe you are sincere in your efforts to help those who wish to help themselves, however I do not consider that this is the most appropriate forum to do so. The very minute discussions are elevated to a level which requires responsibility for ones own thoughts then the mob appear and persist in dumbing down everything to their level.

FA is a case in point. My message to him clearly explained the limitations of forcing all discussion to conform to his own (limited) point of view. I know what's what, however I am always open to learning and strive to hone my skills and take this endeavour to the highest levels I am capable of. This is necessary in all levels of trading.

FA has obviously shut himself off to any possibilities which do not conform to his limited and incorrect worldview. When I state facts, I am retorted to with abuse. FA defends this position by stating that he will respond to people with the same attitude that they treat him - if only he were able to discuss with me on my level, and with the same motives. Instead he resorts to childish insults as he does not know, and does not know that he does not know.

Note however that he will follow up with questions, trying to pick the brains of others but always ready to retort with rudeness when he does not get the reply he wants. It is not a stretch to consider that he treats the market the same way as he treats others on this board - and when something presents which is contrary to his expectations he will not adjust himself, but he will try and force the facts to adjust to him. What happens when he tries to do this in the markets? Well, we know that - he has probably part filled our orders!

Those who can recognise the value of your contributions have either earned the right to be consistently successful market participants or are well on their way. The rest are beyond help until they change their attitude - this is the best lesson which can be taught to them, and will enable them to achieve success in whatever they aspire to. It is also impossible to teach them while they remain unwilling and unable to learn, and for the time being it is best that they remain where they are. Everyone has the opportunity to progress should they realise the need to behave properly and approach their tasks in the correct way.

I wonder if you have come across the works of Ayn Rand? The antics here remind me very much of the closing chapters of Atlas Shrugged - the looters demand everything from the producers, however they are intentionally ignorant as to the fact that they have nothing to trade in return. Instead they believe that we exist for their benefit, and have some duty to provide to them the fruits of our many years of hard work and sacrifice. Familiar, yes?
More...

#1343 Jul 14, 2010

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Fibbin-Archie
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Quote from xburbx:

Atlas Shrugged - Greatest book I have ever read. It's sad how our countries current state is so similar to a fictional book written in the 50's. That was also an interesting comment in regards to the looters. Who is John Galt
More...

I think I'm being unfairly maligned here...

#1344 Jul 14, 2010

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xburbx
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It really didnt have to do with you. I just liked the comment in regards to looters. If you read the book, it makes sense. Im not here to analyze your reactions , but just relax,it's not about YOU (as TE would say). I'd recommend to anyone on this thread to listen to the guys that know what they are talking about. There are some people in here with some serious understanding. If you dont like what they say, understand it or agree with it, just go find another thread to read. Otherwise.......contribute

Quote from Fibbin-Archie:

I think I'm being unfairly maligned here...
More...

#1345 Jul 14, 2010

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Fibbin-Archie
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Quote from xburbx:

It really didnt have to do with you. I just liked the comment in regards to looters. If you read the book, it makes sense. Im not here to analyze your reactions , but just relax,it's not about YOU (as TE would say). I'd recommend to anyone on this thread to listen to the guys that know what they are talking about. There are some people in here with some serious understanding. If you dont like what they say, understand it or agree with it, just go find another thread to read. Otherwise.......contribute
More...

Yeah, cool...

#1346 Jul 14, 2010

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ProfLogic
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Quote from xburbx:

Atlas Shrugged - Greatest book I have ever read. It's sad how our countries current state is so similar to a fictional book written in the 50's. That was also an interesting comment in regards to the looters. Who is John Galt
More...

Agreed . . . outstanding book.
I have the "Who is John Galt" bumper sticker on my vehicle. Everyone comes up and asks me what office he is running for?

#1347 Jul 14, 2010

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xburbx
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There is a road by my house that is called GALTS WAY. Thought that was neat

Quote from ProfLogic:

Agreed . . . outstanding book.
I have the "Who is John Galt" bumper sticker on my vehicle. Everyone comes up and asks me what office he is running for?

More...

#1348 Jul 14, 2010

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Fibbin-Archie
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DT, an example of those currency spikes I was talking about, this one occurred about an hour ago on AUD/USD.

I'm short from about halfway through the spike, I'm not saying that I've definitely found the top, but it's a reasonable probability play and the risk:reward is excellent.
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#1349 Jul 14, 2010

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xburbx
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My thoughts on top and bottom picking have always been that you can only have 1 top and 1 bottom in your given timeframe. Trying to grab either is playing against the odds. I do know people that make a living picking tops and bottoms, but it just didnt make a whole lot of sense to me. I'd be curious to know what TE does

Quote from Fibbin-Archie:

DT, an example of those currency spikes I was talking about, this one occurred about an hour ago on AUD/USD.

I'm short from about halfway through the spike, I'm not saying that I've definitely found the top, but it's a reasonable probability play and the risk:reward is excellent.
More...

#1350 Jul 14, 2010

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