zdo

If you’re really going to embody - > “Be more prepared than the challenges you will face” then sim has EXTREMELY limited benefits. Get real… BEFORE the markets force you to get real... For all but a few, sim = how to train yourself to be a non survivor. Before you have developed genuine resilience and toughness, sim is ‘undertraining’. After you have developed some resilience and toughness, then sim has a viable, but still limited, function. jmo... not expecting to change the minds of the 80% pack that disagrees ... but maybe help one trader move out of the pack... and get real

“… a mere USD 5.8 billion” Is Cyprus deposit levy the first sign of widespread wealth tax? | Tradingfloor.com “… a mere USD 5.8 billion” fkn BenB could show a little kindness and fix that with a few mouse clicks...

No doubt Cyprus is a hot spot for untaxed 'black money' and 'they' would love to get their hands on some of it to help with the 'bailout'. But most likely going after the 'black money' has just been part of their 'cover story' from the beginning... to cover that this is extreme, desperate, and blatant socialist theft - period. Imo, no matter what the stories and reasons provided, there is no way this can be authentically justified... To illustrate…what if I live in Miami and I have (criminal) Russian and Columbian neighbors? When ‘they’ go after them for their ‘black money’, my Walcoveru checking accounts get 'Cyprusted' too ... because I happened to have over the threshold balance in the account that week? ... back to the larger perspective... [ame=http://www.youtube.com/watch?v=8BZzrls480E]Why We've All Been Cyprus'd Already & How We Can Stop Being Cyprus'd in the Future - YouTube[/ame]

re: and re: this whole 'package' / 'bail-in' Anyone who ‘deposits’ money in a bank is ‘loaning’ the money to the bank… and the bank can leverage, looze, it,,,whatever… however, this particular haircut is that gov’t taking ‘depositer’s property … it is theft … whether the intent is to ‘save’ the bankrupt banks or not… imo crime to offset crime is still crime… and imo this is also not a "solution to stop the repetitive circular flow of money from one bad investment to the next" at all...

SUIYA, This time , I wasn’t trying to ‘twist words’ or even fret you … and … Ok, I will accept laziness as an ‘explanation’ above those three thinkings for why most traders fail…but … … I don't find that either of these really address the real issues of ‘trading psychology’ …especially for the small subset that is neither (initiatlly or subsequently) lazy nor dumb … also, most posts on the subject seem to actually be intent on inhibiting awareness rather than raising awareness … deactivating connections to it… etc. zdo :doh: more ps "I like maxims that don't encourage behavior modification" … Just before the rapids and waterfalls, a she wolf jumps into the boat and attacks your neck. You break your paddle over its head. The boat capsizes. You grab onto the wolf’s tail. That helps you barely swim to shore just before the class 5 rapids ... That’s real subtle Sdoma. Thanks a lot. :rofl:

More from Cyprus ? Oh the Irony!? - Hinde Capital Think it can't happen in a 'province' near you ?? Add to the list of recent 'precedent' - In the US, this long running creditor structure was broken in the GMC restructuring...bond holders got knocked out of the line for the unions in the name of "shared sacrafice" The USg is positioning to 'buy out' your 401k and other 'retirement funds'... 'buy out' is the propagandiz nice way of saying 'take over'

Infections With 'Nightmare Bacteria' Are On The Rise In U.S. Hospitals : Shots - Health News : NPR

...€5.8bn will be stolen (yes, stolen) from 'savers' in Cypriot banks... Cyprus ? Oh the Irony!? - Hinde Capital ... not one gd thang has been fixed in EU... or in JePaN ... or in USSA... or in PRC... or in... my quo- trust has long been low... more and more people will 'suddenly' come upon reasons for their 'trust' to drop... like more Cypressioning... quo requires a quorum... the 'matrix' requires a quorum... dropping past a certain 'quorum' threshold of distrust and... charles hugh smith-What's Supposed to Happen, and What Might Happen: 3 Baseline Scenarios or worse ...and locally, 80% of the readers will walk away from this post thinking I'm sour and negative

Some of the benefits of self profiling/understanding are found in "The paradigm determines the research design"

SUIYA, re "I think everyone should be able to do all three." percentages ??? ..so are you basically saying that 100% could "think" their way to trading success? Thx. zdo ps "I like maxims that don't encourage behavior modification" :rofl: You're on a boat, on a narrow river, in a deep allegorical valley. Overhead between the cliffs you see a white horse jump the gap and then it's gone. Astonishing! Where has it gone? You contemplate ... you “think” about why you got into the boat... You hear the expanding sound of rapids ahead. Just before the waterfalls, a she wolf jumps into the boat and attacks your neck. You break your paddle over its head...

charles hugh smith-The Deeper Meanings of Cyprus Now, Would You Rather Have Your Deposits Confiscated, Or Used By JPMorgan's Prop Trading Desk To Buy Stocks? | Zero Hedge

What does that mean? What percentage of people do you think can really do these 3 ? Thanks.

, daytrada, First, profile yourself Like - 1) I see myself making trades A by selecting the ‘best’ instruments from many instruments B by focusing on a relatively small set of instruments 2) I see myself taking trades based on A economic information B technical information C ___% of A and ___% of B 3) I see myself taking trades based on the A Fundamental values of an instrument B Technical worth of an instrument 4) I see myself taking trades to capture A reversion to the (hypothetical ) ‘mean’ B departure from the ‘mean’ C time decay from the occurrence of neither. 5) I am most energized by the concept of detecting A the beginning of (hypothetical ) 'momentum' B the ending of 'momentum' 6) I like the idea of staying in trades for durations of A minutes to hours B days to weeks C ... 7) 8) 9) 10) 11) 12) …add more questions to the profile…or start all over with a new profile... … then take it. ... then post your analysis of your proclivities… Then our recommendations can be more specific, targeted, productive…and caveat have a better chance of being truly helpful instead of dead end or worse... and btw :helloooo: if you can't quite drop the consensus 'mercon educational paradigms, then simply just drop this post ie a good trading education does not look at all like a good regular education Have a great weekend all zdo

Three (cognitive?) ‘sticks’ "To the uneducated, the 'A' is just three sticks." Eeyore ..................Really???? My questions remain… Does the 'cognitive' emphasis on these three REALLY work across the board? or… even… Does an emphasis on the ‘potential corrective feedback’ between these three REALLY work across the board? … and by ‘REALLY work’ I mean - can the 'normal' noobs and persisters (be able to) just do it? For most, for the 'many', does this apparent simplicity of canonized trading psychology belie the actual obstacles? ie with traders you 'know', you don’t encounter an endemic ‘slumber’ when it comes to effectively 'connecting' and 'implementing' these three ...? Thanks. zdo PS whatever this has to do with Welz' material is fading fast... if he doesn't show up soon, maybe we should move to another thread...

Across all these "different personality profile"s, "responses", etc the mind creates apparent variabilities in our 'problems'... but does mind engender variabilities in real 'solutions' ??? heck, does mind engender real 'solutions' at all - ever ??? thx such as ... , ... ??? :hmmmm:

daytrada, Thanks. And yes - whether it seemed like it or not - my questions were about performance goals, not outcome goals. Before it burns out, maybe use the flame from the original fire that was put in you … to start another fire within… re: Not making you ‘wrong’ here… but I would suggest that you internally question how you have that framed. Food for thought - since starting in this business in the mid 80’s, I have seen just about as many ‘go’ as I have seen ‘come’… and the few that didn’t ‘come and go’ ie the few that thrived typically did not use “most successful” as criteria for ‘style’ selection. This does not necessitate – especially at this stage - that you have a ‘clear vision’,etc. of your ‘style’ at all. It merely suggests that you fully engage in very explicitly questioning how each way you discover and explore is aligned with your true aptitudes and interests … ‘one’ of these ‘styles’ ( which will ultimately be a self created conglomeration from many ‘styles’) will really be more than worth all the work to you…and give you real staying power… All the best, zdo

daytrada, Seriously now ... I get the impression you have a real fire in your belly for this stuff. Where do you see yourself 5 years from now? What is your vision of the type of trading you see yourself doing then? zdo

Go directly to GoldmanSachs. Do not pass Go. Do not collect $200.

Dylan Grice Explains How "Crackpot" Central Bankers Are Destroying Society | Zero Hedge

and... please accept my apologies for that brutal “pre-judging” post about your post and link 'over there'… … I’m routinely shocked at the mistakes I’ve made… lessening the quality of others’ lives... zdo

... and it appears your way is rather humorless too... The post was for grins... mean and jaded, zdo

... no argument here (ie :haha:you're right!) 'trading psychology' (and god do I hate that term) ostensibly is about making those "hard" 'changes' ...careening onward... so I have questions / doubts about 'trading psychology' as it relates / pertains to traders making the nec. changes, etc. DBP's quip triggered questions about the tools Welz and all the canonized trading psychologists and alternative trading 'psychologists' (like me) actually have... to repeat from an earlier post whether 'trading psychology' just has the one 'hammer', has multiple hammers of various sizes and shapes, or has multiple and varied tools? now, if we only have one tool - word - does that mean that in each session the 'right' words have to be said to keep both parties 'right' ? like When the only tool you have is word, every problem begins to resemble saying the right thing in every utterance. ?

SIUYA, Thanks. But, if we could, let's keep the scope to inter and intra personal application of trading psychology - one on one human transactions, in the interest of one or both 'developing a trader's brain'... instead of expanding the answer out to the dynamics of open public forums... Maybe your 'to be right' answer will remain the same... for the 'one on one human transactions' as it does for public internet discourses... If so, how this apply to the issue of 'changes' that so many traders seek and need? Thx. zdo

... starting to get into whether 'trading psychology' just has the one hammer, multiple sized and shaped hammers, or multiple and varied tools... but... maybe my first fill in the blank ‘question’ should have been - When the only tool you have is word, every problem begins to resemble ________________ (3 People Unfriended You) SEE WHO

charles hugh smith-Inequality and the Decline of Labor You know what wobbles my mind, Ingot? … that you are discussing it more in terms of what gov’t could or should do instead of in terms of who really ‘owns’ and exploits gov’ts and peeps … that you are not discussing gov’t in terms of the video link you closed your contributions to another thread with… that wobbles my head, Ingot