One thing i've been well aware of from a very young age is how those in charge don't give a shit about the average Joe. There are those that believe everything they see and hear from the mass media. My Irish friend gave up long ago.
Ain't that the truth. I am sure many other people have had a similar thought at some point. I myself at various points may have had a similar thought, at least that I knew what the obvious was, but eventually in short order I was able to more or less rule it out. BUt... if you wouldn't mind, just for the sake of discussion, let's just assume you have realized what you need to. Do you think there is anything in particular that is significant to YOUR life experiences that may have allowed you to see what others may not? Do you think things like: intelligence socio-economic status level of agreeableness various trading experiences or anything else ...may have had an influence on you?
i suppose as we get older..we take a lot of things for granted! i remember..back in 1987..i met with a foxy haired chap in a suit..and glasses..he asked me was i sure i wanted to put my money into a managed fund.. of course..i said..as if i had a clue about what they were going to do with my money ! it was a nice bit at the time..half the price it cost me to build my house.. would have bought a nice few acres with it.. then..we had the 1987 crash..i think it took me the best part of 10 years to get my money back..not a penny profit..at a time when interest rates were as high as 16%.. what a dumb ass redneck i really was..as thick as 2 planks put together.. those starting out today are no different..everyone thinks that they know everything..when..the reality is that they really know sweet f all unfortunately..there are no short cuts..for..no matter how hard you try.. "you can never put a young head on old shoulders" or is it the reverse it really must have been awful for the likes of Montaigne and Socrates many years ago..knowing what they knew and understood..and knowing that they could really do nothing about it..for..did Socrates not take his own life to prove a point!
Sure but first, i know there are no experts (life experience) just people that know a bit more. Intelligence ? i don't really know. I come from low economic status. High trading experience. Learned to stick with simple.....simple is best. I believe there isn't just one obvious, but the obvious ONE thing on a chart has been hinted many times by the author/authors. Generally when i have failed it is because i thought i was smarter so i went against the obvious, however very occasionally with all the ducks lining up it is possible to jump in very early without confirmation..if that makes any sense. I have in the past disregarded what everyone else thought was the "right" way to trade and was ridiculed but what i did actually worked, despite going against all the "rules".
Oh Socrates yes he did, what a rare and admirable thing to do..stick to your principles even if it means you have to give up the most precious thing you have. The Athenians send to Delphi asking who was the smartest man and the answer came back Socrates ! So they send again asking why is Socrates the smartest man? and the answer came back : because he says he knows nothing !
correct.. there is ALWAYS someone out there that knows a good bit more than yourself..but..the key is to understand what it is you really need to know.. again..take the dumb ass redneck as thick as 2 planks..80 winners in a row..YES..in case you think you read that wrong..in fact..i still have them all in a little notebook alongside my bed..i keep it just in case i ever do decide to try the Golden Hedge then..in one day i gave about 90 to 95% of it back..i never forget it..it was one of the worst days of my life..and..i swore it would never happen me again..but..of course it did..not as bad mind you..but it happened twice more!! then..i remember what a GOOD TRADER had told me..as we had traded together for a while..he said.. "you have to lose big 3 times before you finally get it" and of course..he was right..i could never understand what he really meant..until it actually happened to me..then i really did understand..what a dumb ass redneck i really was..and if i wanted to make some money..and hold on to it..i better sort out the thick brain stuck between my 2 ears.. the rest is HISTORY !!!!!
i worked in a major pharma company some years ago..my boss..who was very shrewd and was the kind who would have no trouble blaming you for his mistakes..said to me one day.. "guess who the cleverest man at our daily meetings is" i said Mr so and so.. he said No..it is "Dan" i said " but Dan never opens his mouth" "EXACTLY" he said.."when the rest of us are shouting over and back at each other, Dan is noting everything that is being said and taking notes..in all my years here i have never seen Dan in trouble for anything"
So all-in-all, do you have any idea why you may have figured out something that so many others following this material have not? I.e., do you think there are any life experiences, or a way of thinking that YOU may have been privy to that others have not? Or do you think it is may just be blind luck that you happened to have realized what you need to? MP