Expert and Others, I hope I may be allowed to respectfully disagree. My education taught me a great deal about trading--but not in the traditional way. In the process of obtaining a college degree and later two graduate degrees, all in different decades of my life, I have noticed the same thing each time, about other students. They do not know what the teacher is expecting them to learn. They do not know what will be on the test. They study the wrong things. They fail to understand the assignments. They cannot distill, even at the end of an entire semester, the essential principles they have been taught. They get lost in the trees, and do not see the forest. They wander down the wrong paths. In almost every formal educational situation, the teacher or professor drops numerous hints about what they believe is the most important material. They don't beat you over the head with it, but if you listen between the lines, pay attention to their tone of voice, etc., it is usually obvious what you are going to be asked to do, or to regurgitate, or what you are supposed to get out of an assignment or a course. You might make the argument that if I had gone to work right off instead of spending time in school, I could have learned what an employer wanted me to do, and thereby developed the same skills. But I do not think so. An employer generally tells you, in no uncertain terms, what is expected from you. A teacher does not, since it is not proper for them to reveal to you exactly how they will evaluate you. They give you many clues, and you have to figure them out for yourself. I am not sure why I was able to psych out my teachers better than other people do. Possibly it is my natural penchant for the bald truth, no matter how unpleasant--a trait that some find abrasive and unmannered. Or perhaps it's my love of partying--I never wanted to spend all of my time studying, so I tried to economize my studying so that I would have some additional time left over for fun. But having this skill enabled me to consistently perform much better than most students, although I probably would not have scored the highest on an IQ test. And it has turned out to be a useful ability in the workplace as well. I try to do what works: get the end result in mind, then figure out how to make that happen most efficiently. Trading is not so different. We all have to trade the market that is, not the one we wish for, the one that makes sense to us, or the one that is suggested by the so-called fundamentals. Therefore, I consider my education a superb training ground for trading.
Actually, I think you have reinforced my statement about most teachers not knowing how to teach correctly! Whilst what you say well may be the approach taken by many, that in no way means that it is the best approach. The main purpose of any GOOD teacher, should be to be make sure that EACH student is fully aware of what it is EXACTLY they need to know, and what it is EXACTLY they need not know. With no disrespect to you and your hard work, no one should give a damn about you or anyone else, for that matter, and just be fully concerned about their own work and how they can succeed as best they can. Most people are lazy, and do not want to do the required work, and that is the biggest underlying problem with success, so, to get people motivated to work one must first make them aware of the consequences of not doing the required work, and, if after that they continue to waste their time, with silly and ridiculous activities, then, they deserve EXACTLY what they will get out of life, for, everything happens for a reason, and reward is always in direct proportion to the amount of work put in, but, for some silly reason many think te opposite, especially in the trading game. You can party all you like, but at some stage the reality of life will hit hard, and unless you are well prepared, well. You might just find yourself thrown on top of the big dung heap. BTW, it is the early stages of learning that are far more important, for, by the time one gets to college it is too late, as, it is very hard to teach an old dog new tricks. TE
What is really nice about trading is that anyone can want to be an "expert". It IS neat to name yourself what you want to be. Did you send you children to any schools operated by the government? No, of course not; your children only get to go through learning once but it does go on forever, fortunately. Autism is really growing so fast these days. A few years ago it was 1 in 150 and today it is down to 1 in 110. Then at 15YO, everyone gets the synaptic haircut; the original "use it or lose it" Why can't the brain be erased? Why does it take longer and more peptides and deliberative action to erase anything in the brain. Education, we found out doesn't happen but we didn't find out learning does happen. TE is a Henry Ford mass production education product he tells us. And he wants to remind himself of a goal called "being an Expert. Think about "Reverse Brain Technology". How did this mistake get made and typed? The range of learners I have seen making money goes from 5th grade on up.. Everyone I've met and worked with was going down a one way street in building their minds. No teaching was involved only using building the mind as a learning process. Obviously, learning to trade is simple and takes only a short while. One process occurs: short term memory becomes long term memory. Long term memory is available based on what is seen at any given time. Why would someone post a shitty stock and deal with it's options? this is done out of ignorance, mostly. Learning to trade is as complicated as learning to ddrive a car. So most of you took years to learn to drive a car. Learning to ski as an expert takes a season once you have skiis and a slope. So most of you can't ski as experts. There are 500 theorems in Geometry; most of you learned 70 in a year of school. So learning to fuck, you got out of the way in a short time and no one became an expert either. LOL..... Expert trading is a result of mindfulness. An expert goes through awareness, compassion and wisdom. Changing the first recourse of the mind from what it is (use TE and an example) to the series of newer and better first recourses most clearly resembles a PROCESS and what is going on is mindfulness. How the mind is built is foreign to this thread so far. As TE says he is talking about what and how things do not work and it is too late for him beccause he is too old. The long term memory of the mind becomes fully differentiated on the way to advanced expert. Perception is 90% long term memory and it is called inference with with respect to sensing using the senses. 10% od perception is the snesing part. Learning to trade is converting short term memory to long term trading inference. It is a PROCESS that is done earestly and purposefully. Sticking to the topic of the Myth of the thread title, read nodoji to check out Donna's recent comments on how she is reverting to her earlier problems in learning to trade. Read redneck to understand why inference cannot be built in his approach. Do a search on "amazing" which is what can happen to a person who asks a question and gets an answer that is way out of his "box". Read OODA of John Boyd to see how "gambling" is the orientation of most traders in the CW. None of these people can develop long term memory for trading as a first recourse. What happens to most "traders" who cannot become expert or anything close to it? They shift gears and do three things not related to taking the market's offer which they cannot sense or match inference to to have perception. The long term memory of these people focuses on money management, risk aversion and "protection". What they learned was failure and its symptoms of fear, anxiety and anger. The measure of expertise is coherence. Coherence can easily be experienced in a few minutes. Concentrate on listening to your Air Conditioner for 10 minutes. After a while you can leran to listen to the sound; the feeling is comfort, support and confidence. Don't look at anything as you do this. This is done successfully by closing your eyes. After you have finished, look at a chart and expereince what TE is experiencing: fear, anxiety and anger. How to learn to trade is the matter at hand. Making money takes care of itself. Why doesn't TE know this? Who cares. How does a person learn to trade? There is only one way. It is a PRCESS. The process is converting short term memory to long term memory. Coherence is a requirement for converting short term memory to long term memory. Coherence goes through three major levels: awareness, compassion and wisdom. Buy a monitor to measure your coherence (EMwave PC and NOT the bullshit of Lo @ MIT). You will find out that you, as is TE, totally incoherent while trading.
I'm interested if anyone could elaborate on the theme of this thread, with specifics and not waffle. What is is about education which is not conducive to being a trader?
No. The latter part of my education has provided me with the analytical skills to think for myself, question and find solutions or workarounds to whatever problems life may throw at me. Clearly we all need educating otherwise none of us would be communicating over the internet, it would not exist, and we would wear animal skins for clothes and probably die before we were 30 due to non-existent health care. The theme of the thread seems to be that education is somehow conditioning the masses to be controlled by the few, if there is any evidence of that then I'd like to have it revealed or explained in plain language.
deledio just sent me a PM: When I want your opinion I'll.. bitch slap it out of you with my enormous cock and risk the charge of assault with a deadly weapon delidio YOU need to grow up and realise that your childish antics don't impress adults.
Workarounds are definitely the forte of problem solvers. Mankind does go through a growth process and the litany of this is well documented. Learning is what prevails and "teaching" and "education" are small formal parts of supporting learning. Learning and the brain grows continually through life. There is no conditioning or control that is significant in any of life's facets. Freedom is most often created by an over supply of money. Beliefs do impede making money as we all see. A very humorous example is Trade666's backtest of the one pager entitled "Unusual Volume"