I see mostly Greed here on ET - I have learned how to swim in it each day. Greed and the thirst for knowledge are two driving forces that can shape human behavior, but they have distinct differences and some notable similarities. Differences Motivation: Greed: Driven by an insatiable desire for material wealth, power, or possessions. The underlying motivation is often self-centered and can lead to selfish or harmful actions. Thirst for Knowledge: Motivated by a genuine curiosity and desire to understand the world. The pursuit of knowledge is often seen as a positive and self-improving endeavor, benefiting both the individual and society. Outcome: Greed: Can lead to negative consequences such as exploitation, corruption, and social inequality. It often results in a destructive cycle where the individual's desires are never truly satisfied. Thirst for Knowledge: Generally leads to personal growth, innovation, and the advancement of society. While it can have its challenges, the overall impact is typically constructive and enlightening. Nature: Greed: Often associated with negative emotions such as envy, jealousy, and dissatisfaction. Thirst for Knowledge: Linked to positive emotions like curiosity, excitement, and the joy of discovery. Similarities Drive: Both greed and the thirst for knowledge are powerful motivators that can push individuals to achieve their goals, sometimes against significant odds. Persistence: Individuals driven by either greed or the thirst for knowledge tend to exhibit persistence and determination in their pursuits. They may spend considerable time and effort to achieve their desired outcomes. Impact on Behavior: Both can significantly influence a person's actions and decisions, shaping their paths in life. The intensity of the drive can lead to major life choices and long-term commitments. In essence, while greed often leads to self-serving and potentially harmful behavior, the thirst for knowledge generally results in positive growth and contribution to society. Both, however, highlight the potent force of human desires and ambitions.
Van Tharp has a saying: You do not trade the markets, you trade your beliefs about the market. I found out that you do not live your life, you live your beliefs about life. And then I found out we are not what we think. What we think is a dream of an experience and you can wake up to see and experience the reality that is happening right now.
And that can be a very scary moment. Had one like that, it's as if you face a shark in dark waters. It was a realization of how wrong i was a reality that i got no plan ahead. Two years has passed and 3 new plans emerged. Even better. Human experience. Those who never takes risk, will never experence it. Playing it safe :|
The majority of traders and investors are losing money because when they place a trade, they have a strong belief in the position when putting on. The reality though is an outcome polar opposite to their initial belief which is holding a losing trade. What does that tell me, well it's a reflection of life in general, we think we are right when we're actually wrong, humans are suckers for bs but we love it and we keep doing it. The other thing is denial, everyone else loses money but not me.
Good Morning Ivano, Trading has also taught me that a lot of Scammers, Liars, and Thieves exist in the trading industry that hustle traders for their hard earn money. It is VERY easy to scam people out of their hard earn money in the Trading Industry. There are SO many Liars and Pimps and Hustlers on social media, YouTube, Amazon selling trading methods, trading books, trading systems in ALL trading markets. All the SELLERS are natural born LIARS and SCAMMERS and THEIVES. ALL OF THEM. Once I discovered that everything for sell in trading is a LIE and SCAM, my trading started making money. If you struggling with trading, the first thing to do is stop spending money on any one trying to teach you trading or sell you trading tools, they are lying or DO NOT READ TRADING BOOKS. If you currently own trading books, save some money and use the trading books for toilet paper.
Good Morning Businessman, I never read a trading book or any other book before. Why would I waste my time reading a trading book, when the author is a Liar and Scammer and just making up trading stuff to make his/her own money? Waste of my time. Do you really think if I am making +$1 million a year in the ES futures market trading, I would waste time sharing my secrets selling trading books? Only loser traders write and sell trading books to get rich to sucker people from their hard earn money.
I'm with SML on this one, since surviving (barely) the trading world I no longer listen to anyone's advice unless they can put up some proof. The world is overflowing with fakers, posing like they're something they're not. They tell little lies for fun!