Think of it in terms of what do humans do the most. They fear the unknown, they fear the future, so they concoct a delusionary religion which they cling to which comforts them and convinces them they are right, that the illusionary god they concocted is saving them. Strangely enough there is truth weaved into the illusion. Those without fear accomplish more in life than the fearful.
Hello themickey, I disagree with you. Nobody not scared of nothing or fear nothing, people just do not have money. Money overrules ALL logical and belief systems. Being poor is the only problem in life. Being rich is the only answer in life. It is best to get rich and get it over with.
Well I disagree with that assertion. a) There are always going to be poor people, just like there will always be traders who can't trade due to numerous reasons. b) Many people don't care about money, they either spend it quickly or give it away. Their reasons could be as diverse as "god will bless the meek and poor so I'm happy to be poor". c) The third reason I can think of, some people are physically, mentally, geographically handicapped, they could never be self sufficient no matter how hard they tried. So fear has nothing to do with poverty and poverty has nothing to do with fear. Poverty will hamstring a person and so will fear and the two are for the most part unrelated. Poor people can have no fear and still be poor. Fearful people can have money gained somehow, but I bet the majority of them won't accomplish much with their money as it will be locked away in a bank somewhere gaining 3% interest.
Your brain makes an ego. That ego has created your persona. That persona is how you see reality. As soon you begin to question that what you think is not real, your ego will do everything to justify it self of his existence and will create fear. That fear is for most people so real, that they will not change or question the thoughts about who they really are. They are afraid of what would be, if their thoughts do not exits or create reality. Ego would be useless. That can not happen, ever. So fear will make sure that it will not happen.
Good evening @SimpleMeLike I see the point of challenging assumptions, having a zen mind, seeing with your own experience and challenge assumptions, bear markets, revenge trading, fear of trading compounded capital and frustration of REALLY having lost money were the best tuition fee to me so far so you are right, but some systems based on 10-20 sacred books everyone knows can be backtested and see they work in proper moments and to me books help to THINK over facets of the reality you could not have seen. Because one of the best teaching I learned from trading in my daily life is that in the simplicity is the key of everything.
Observing airline stocks falling before 911, pharma stocks rising before covid, defense stocks rising before Hamas paraglinding, etc. teaches you critical thinking skills and immunizes you to fear/greed based mind control.
Good Evening @Ivano, I never read a trading book before, seems like a stupid idea when I can simply ask questions on ET forum and get instant help for free. Why on earth would someone making millions of dollars write a trading book to help someone else make millions of dollars? Seems dumb to me. This just my opinion. Just makes me no sense to me read a trading book when I can click all day and stare at the chart. Sorry, I do not see why anyone would read trading book, when the Buy and Sell button and chart is free. Just click. Easy too