I am just posting a very relaxed response to you. This is not anything that casts any criticism of you or anyone in your boat. There is no parallel (personal) in the example I am giving you with respect to the other persons in the example. You will see in the end everything works out for them and it will for you too. I am sitting in a McDonalds with a guy I haven't seen in 6 months. I pid him in 100 dollar bills to sub for some custom top of the line architecture work in Paradise Valley and Scottsdale. I did WOM custom for unique environmental settings, etc. He came out of prison and my electrical sub asked me to give him a leg up (I am Alanon type guy). So I did nd he got started back into society. At the McDonald's he said he had been thinking and he had his first medalion (6 months). So I said okay lets do it. What that meant was me spending three years working with him every day. Some footnotes. We built a C corporation around him and all employees came to us from incarceration ending for them and their starting to work. Cutting sheething, drywall and materials on jobs where the engineers come out ot see how their truss designs DO finally fit together after all is not easy, visually, to comprehend as a worker coming out of incarceration. Designing architecture for environmental sites that overlook cities from mountainsides leads to tough layouts and tougher cutting. If we could get a person through four paychecks (weekly), we could get him to foreman in time. I saw every report card of every family and I signed for deposits and guarnteed chcking and creit card accounts. No one that hired on could do the work they told me and the guy I set the corp up with. We kept at getting them to be "visual". they all wanted to not go back to crime or be incarcerated and they had to do 180's to begin from nowhere. stay started at Salvation Army dorms with brown bag lunches and the spreads we had on site for lunch and diner. They got to drive when we cleared their licenses and let them use our trucks. we had three appartments of furniture to chose fromafter a while because the remodelling and custom additions owners contributed. Case cosigned for our heavy equipment leases and gave us 100% free maintenance and parts. This outfit was a force in the community and everyperson started at the bottom and wrecked plywood and drywall and studs and gluelams unti they got to be able to teach others. Every power tool had electrician tape repairs from cutting cables off. Put we did have custom equipment trailers and NO red flags on inspections after a while. And a backlog a mile long and all kids getting A's all the time. I gave them the corporation on one sunny day (my 50%). So what did these guys all do? Let me copy your comments here in quotes. "Jack if I only knew how to draw channels with points one two and three..." These guys learned to sharpen pencils, read a tape and put marks on materials and snapline stuff that appears in magazines. I am saying to you that we will help you to do eveything and as long as it takes. If you do not get it perfect, then we know that by looking at how the next guy couldn't place the materials and we do it over again This is the drill part of......building your mind to do it. It comes from repetition. repitiion does make money but most of all it builds your mind. "I have a learning disability and I am not a visual person..." Good for you. it is so neat that we can get this opportunity reduced to two easily solvable problems. most of the guys on the job were poor readers and could not help their kids learn. They got library cards and read construction books to learn to read and do math. At the beginning working with people with dissabilities is time consuming. We have the time you have the dissability. We just do the work to fix the problem. Here it is a slefcorrecting thing bcause you make so much money fixing the dissability. Visual problems are easy to correct because you do not have to look as much as you have to just be in the ball park only. The price bars are only worked with 2 or 3 at a time. This is an astounding thing that has been arranged. Two bars have (count em) four ends. We use three of them. Two on one side and one on the other. The two are found by sliding a vertical ruler from the right to the left. It hits one poin and you rotate it to the other rmaining point on that side. te other point is on the other side and as far away from the ther chosen points as possible. draw a parallel line (cone is the math term) through the chosen point. If the left oer point is inside the lines, you are correct. If the remaining lime is outside the lines you picked the wrong one. Erase the mistake and do it rght. repeat this 100 times with pairs of bars. draw the bars on blank sheets of paper and use both sides and different parts of the sheets. Throw away or frame the best ones. "Is there a way to spreadsheet the SpyderHershey method?" Of course. And we do not do it ever. If we went to spreadsheets you would not learn to draw and you would continue to have dissabilities and visual problems. we do channels to make money and one side effect is that learning handicaps and visual problems go away. "I do not speak the same language as Todd, which I mean no disrespect to." You will have very few speaking problems because your first assignments are to listen and do. When you do something send it to ET and listen to what is suggested by anyone who responds. They are called translators. It is not expected that anyone can understand either me or Todd t the beginning. Translators are abundant. you can tell one when you see one. He ishelping. A person who is not a translators and is telling you things that are negative is not a translator. There still are some of those around. mostly they provide local humor for the translators and Todd and most of all me. Here are the possibilities on the table. 1. you are able to draw. 2. price stays inside what you draw and you see money is being made. 3. You see channels begin to overlap and you switch horses by taking profits soon and then take your money to another application (stocks which is learned first) 3b. For ES you switch (reverse) as the new channel begins and take profits and then ride the new channel to make more profits. This is very gruelling and comfortable work. Others are doing it all over the world. We lost track at about 10,000 a little atfer 1990. It is difficult to do for a whole day long. there are 81 bars and they form channels that cause 20 to 40 actions a day. Do several past days with a zigzag drill to see how much is made each day. Once you see that you have to draw many lines a day, you get used to it. after a while it is fun because each line you draw makes more money for your family and descendants an your local community. In a while you will begin to meet people with the same dissabilities that you chose to overcome by doing what the NIKE people tell us all.... Just do it. Just do it means.....Just....do ....it.... This is like AA,etc.... once you chose to be rich you get to be rich.... It is amazing that you got all your difficulties into four short sentences. I think you will be a very fast tracker here in PVT and SCT. I especially like it that you have no excuses fro not pulling out all the stops. Draw lines, sent pics to the transators and they will help you as you listen to them. If they are wrong, they will be helped out by someone who is right. You now are on the red carpet and use this thread to post so we can keep track of your daily progress.
I Equate it to High Probability Gambling, but in this case I am the House. Indicators schmindicators ! ...'Price Action' is key.. u will learn this if your around long enough. my 2 cents.
I do not know what to really say. I guess for once I just got to shut up...this is the hardest thing I have undertaken in my trading life....I need to learn how to trade. Guests, I hope my posts will help you..I really mean that. This is not really about me...its about you and I will tell you that it is truly phenomenal what is being given here. Not because I am being challenged, but because of the willingness to fall down and get back up by both the teacher and the student. You know if you teach the people agriculture instead of giving the food...you leave a mark for a long time to come. Thank you Michael B. I am very, very tired and have been awake for an extended time...
Im the worst gambler in the world. I get upset when I lose 20$. I dislike the sheer fact that I can possibly "never see my money again". Trading however... No. Not the same thing. I can't say what trading is exactly, but its not gambling. It is, however, VERY addictive S
i do not believe that trading is gambling, in that you can make a reasonable study of the arguments, then extrapolate forward on the expectancy. trading is simply an exercise in statistics. this is utterly unlike gambling, in that future performance can be predicted, with an acceptable level of risk.
The price bars are only worked with 2 or 3 at a time. This is an astounding thing that has been arranged. Two bars have (count em) four ends. We use three of them. Two on one side and one on the other. The two are found by sliding a vertical ruler from the right to the left. It hits one point and you rotate it to the other remaining point on that side. to other point is on the other side and as far away from the there chosen points as possible. draw a parallel line (cone is the math term) through the chosen point. If the left over point is inside the lines, you are correct. If the remaining lime is outside the lines you picked the wrong one. Erase the mistake and do it right. --------------------------------------------------------------------------------- Jack I have read the above quote many times but I haven't been able to "visualise" it. Any chance of an illustration please?
Traders and gamblers can both be successful in the markets. Professional traders, as well as pro gamblers know: 1. When to sit on the sidelines 2. How much they are risking per hand/ trade, and with PT's in mind. aka, money management 3. Not to get emotional about losses 4. Have some kind of strategy 5. Working harder than the man next to him will increase his $. 6. Love their job -- Is it just me, but gamblers here on ET seem to get a bad rap. cm69
Well yes and no...how do you recover the cost?.... Now there are arb plays across two brokers...but in some markets this is against the law. These security laws are written for a reason... but i agree Romik this is a path to making your trading "not gambling" and could be inefficient and not cost effective...every rose has its thorns...