zdo

lazy, sloppy entries, avg price ~54.28 (horizontal cursor line on (hard to see) attachment) and a very ugly spread but ka ching on the daily interest payments - for over a month now

Hey peeps the term 'mammilian brain' is acceptable, but 'monkey brain' is offensive and hurtful For one, I doubt there are very many monkeys on this planet that want to short the ndx's as much as I do right now... and the ones that do would probably have as much patience as most humans about timing it, and could remain remain more detached from either 'positive' or 'negative' results in the 'trees' than most humans, and could almost certainly recover from a serious lost faster than most humans... ... we're getting too PC to be able to compare emotional vulnerabilities btwn each other / within the humans ? ... so we now have to go out and compare and dis the monkeys ? /// From the article What does "redevelop it" mean?

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From the article The message you have entered is far too short... please add more bullsht

After all that's been said, at this point in this thread I can honestly say I wish Rande's article really was "Psychological" But it's not, it's 'baptist budhism' from the article

from a friend ‘out there’ – Mitsubishi, during these years, be careful what you let ‘crystallize’ in this stage of your life… wishing you all the best. zdo

It’s system dependent. Without knowing either we can be pretty sure that the whole of PoP’s system is quite different from the “Stay in the trade until your target is reached” trader’s system. Very loosely, (and without really knowing ),it’s likely the first (PoP’s) guidance on exits is for ‘surprise side’ trades while the second guidance is about ‘surprise side trades NOT!’, etc etc. Be careful of authors who, via ‘ass umptions’,etc., don’t bother to specify what the whole system is that justifies the exit criteria they are expousing. It does a huge disservice to many, if not all, readers. Moving on ... re: “Does passage of time alone constitute a reason that an entry would no longer be valid?” Again, it’s system specific! I have ‘breakout’ oriented systems where the passage of time alone literally strengthens a reason that an entry would be valid… and I have ‘reversion' based systems where the passage of time alone does constitute a reason that an entry would no longer be valid… we always have to ask 'does this exit advice align with the essence of my whole system?' hth

This thread certainly has taken the blunders off the trading mind! Thanks all. Great job. Have a wonderful weekend. If a psychologist "showed up at my door", I'd hire her on the spot... she's also a psychic...

Johnw “desire” Rande Howell “manage feelings” Mitsubishi just do it, etc... MightyMouse “think” hep me geezus Posters named and labeled for illustrative purposes only! I’m not really restrictiing or pigeon holing any of the individuals named to just those things… but What would it take for us to discuss how it is all of the above and more?

.. continuing with more how about this? a great mentor needs to fully understand the specific 'game' a great coach doesn't need to know anything at all about the specific 'game' ...back on topic From the article "...beliefs that stay beneath the radar of their awareness... Traders avoid dealing with these hidden self-limiting beliefs because they are uncomfortable to acknowledge..." zdo, UUC

Vienna Does this knock any holes in the JH’s original (volume and container) tenets? If not, how not? Many thanks.. (and also thank you very much for … yesterday) zdo

Mitsubishi, You don’t have to be a trader to be fascinated with and / or need to understand how the humans typically deal with an environment that presents continuous uncertainty. You don’t have to be a psychologist either. We become more proficient in an arena as we raise our awareness. We become more proficient in an arena that we hone and leverage our focus … We become more proficient in what we “measure”… Bringing a "threat orientation" instead of an "opportunity orientation" diminishes our chances of doing any of the above. Rande simply offers some ways to destroy some 'threat' patterns and create some 'opportunity' patterns. His is a niche. In fact, all trading vendors, even the ones who believe they have the solution for everyone, only have a tiny niche ...and only a tiny 'success' rate too. After all they are dealing with ... traders :doh: All the best, zdo

Mitsubishi, …I haven’t got much use for ‘trading psychologists’ either… too focused on pathology, what’s wrong, etc…“We do not have to visit a madhouse to find disordered minds; our planet is the mental institution of the universe.” – Johann Wolfgang von Goethe …so, on to ‘trading sychology’ ... focused on strengths, what is working, etc - I know what you're thinking, punk. Did I light up 7 chakras or was it only 6? Now to tell you the truth I forgot myself in all this excitement. But being this is a leveraged contract, the most powerful small scale debt instrument in the world and will blow your account clean up, you've gotta ask yourself a question: 'What's my inner truth?' Well? What is it punk? ...We truly have a Universe within … zdo

:haha: "or had taken up cross dressing" last time I tried cross dressing I was five years old and it was with a girl and my mother's bra's... just a few minutes later I got my identities straightened out again and we played doctor re: I'm curious, what percentage of traders consistently "act from a(n) impartial state of mind because they were lucky to be born into this circumstance"? I know a bunch who are able to make it look that way at a persona level, but only one or two who really seem to have it naturally. Even ~80 % of the 'market wizards' didn't. M. Douglas may have encountered someone else by now, but for years and years he reported he had only met one client so far who was thoroughly ready to operate like this out the gate... Neither of these are basis for good stats... wonder what the real percentages are? Is it possible theres a three way split those who are "lucky" those who are aren't "lucky" but can do something about it those who are aren't "lucky" and can't do something about it (yet) ???

Denise... Denise??? :missy:

Haven’t been reporting because I took a long holiday… just now getting back into the swing … Progress Report: Still implementing Session 2 – mindfulness Bringing into awareness dimply what IS - some in terms of insights into the archetypal framework presented in the classes and some in an inner framework that uses no language / verbiage. Watching the pre-existing level s of the (archetypical) energies, identities, etc of those archetypes identified in the course as strengths to be brought to the fore, etc. … Also took the PMAI. Nothing really surprising there. Would also be interested in what the others are doing with this... thx

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This topic brings back memories… the last real ‘job’ I had was running a brokerage and I was trying so hard to fit in adequate, or even barebones, personal trading time and couldn’t… sold my stake and started managing money… and again I was trying so hard to fit in adequate personal trading time (for income)… and couldn’t. So I quit all my ‘jobs’ and traded full time … working out my own interpolation of the Omega Strategy* - pretty clearly demarcating the time and action spent on ‘daytrading’ for income and ‘trading’ for building wealth… and some of that ‘trading’ did include ventures into property development which went ok but were not fun and were ultimately not liquid and fast enough for me. Don Bright mentioned “start your trading career one step at a time” to which I would reply “but don’t lollygag around too long” - especially if you are TOTALLY COMMITTED to trading and everything else is frustrating… * Amazon.com: The Omega Strategy (9780446326346): William Montapert: Books http://www.biblio.com/9780884961871\ The omega strategy : how you can retire rich by 1986 by William David Montapert (Used, New, Out-of-Print) - Alibris btw, I don’t remember the exact strategies presented in that book… I doubt I even read the whole thing… in case you don’t want to buy the book, the essence is something he got from his ‘Swiss’ mentors – split your workweek, roughly half into producing to cover living expenses, etc and half into producing and building capital / wealth. PS… somewhat related to running things in a way as if you are already successful – the most important lesson I ever learned was to capitalize and size the trades in each account to where risk of ruin is so-o-o miniscule it’s completely negligible, where no one trade or even a series of bad trades matters in the slightest. That is freedom… freedom to even fvck up and still be ok, to still stay focused on what’s working, etc… No one taught me this directly, but I will be eternally grateful to the traders who hinted at less extreme versions and to the one ‘really rich guy’ who unknowingly modeled these concepts for me… … and, even though the huge majority of them come in as futures index, financial, and or energy traders, this is why I point all sub 6 figure accounts I mentor towards Oanda for at least 6 months - until they get their ‘identities’ (and physical, behavioral, and passion issues) straightened out … and I recommend the same for all TL noobies who are starting out with sub 25k accounts ... and also, noobies and beyond, be careful to really question that word "professional" - it's a subtle trap

Would A Ponzi By Any Other Name Smell As Bad? | ZeroHedge Diabolically continuing with the "there is no next" theme... "...it reflects a peculiarly American trend of burying-in-the-sand Ostrich Think, so prevalent among mainstream publications: An unwillingness – bordering on inability – to look at financial news in a cold light, and see what it actually means, rather than what we hope and pray it might be." – GONZALO LIRA

This is a moving on from the Italy is Going to be Next thread at http://www.traderslaboratory.com/forums/market-analysis/11067-italy-going-next.html and related threads and discussions ...I hinted over there that it’s not Greece, it’s not Italy,… etc…. it’s not Europe … it’s the whole Earth bound up into one big continuing ‘next’ disturbing micro news http://www.zerohedge.com/news/previewing-nars-humiliating-multi-year-existing-home-sales-downward-revision http://www.zerohedge.com/contributed/greatest-risk-retail-commercial-real-estate-sovereign-debt-macro-headwinds-popping-bubbl The system is being forced to acknowledge (but not really deal with) the debt, private and sovereign. It still only has to give occasional lip service to how the players will deal with each other when the derivatives issue must be contended with. (you know… the one with all the extra 0000000000’s on the end) For now, the assumption is that the taxpayers (that’s you) will pay for the mistakes of the governments and businesses… even if you may have to be enslaved… http://www.washingtonsblog.com/2011/12/constitutional-expert-president-obama-says-that-he-can-kill-you-on-his-own-discretion-he-can-jail-you-indefinitely-on-his-own-discretion.html but ‘he’ should remember… if ‘he’ can, so can ‘we’. http://blogdredd.blogspot.com/2011/10/germ-theory-of-government.html http://blogdredd.blogspot.com/2011/12/germ-theory-of-government-2.html just in case you want to think… http://www.safehaven.com/article/23738/mainstream-economists-monetary-insanity and finally having worked through all that micro crap setup... at minute 6: etc From within - killing 4,5, or 6 of the killer apps http://www.zerohedge.com/news/how-readtip-zero-hedge-without-attracting-interest-human-resourcesthe-treasuryblack-helicopt

Tasuki, Dude! where have you been? re emini watch Nothing ‘wrong’ with these products. Reasonably priced. but… Are the “Better_” ‘s really better? Better Sine Wave… it’s going to have to be tremendously better to overcome the over- simplification of ‘sine wave’ crap to begin with… randomly it will be in-synch (like in the cherry picking screenshots) about 10% of the time …not to mention lag… and not to mention…. ie it may be a better sine wave, but it will always be a very, very stupid solution for cycles work. Better Volume… He released the code way back when… it’s “better” … but better than what?  … not even better than the most rudimentary VSA, etc Better Trin… ok. but again. better than what? If one is really into Trin, it’s better to roll your own ‘better’ indicator Better Momentum… it’s probably not nearly as adaptive as it is billed… ie it’s better sometimes… Better ProAm … definitely better than nothing… still it’s rudimentary VSA … might be a good place to start but, speaking from experience, ultimately he’ll have to roll his own if he’s really into transaction (size, etc) analysis Better Trendlines… are better than nothing at all. (… and what happened to the Better Triangles? ) If your friend knows these are the tools he will be using then (for all but a tiny few), they are definitely more cost effective (and easier) to buy than they are to code from scratch. It’s probably better for him to buy them a la carte instead of the package because most likely will never use more than two of them consistently… I would suggest the last two on the list above have any value at all to the noob or developing trader… zdo

… and thank you Tim … discussed this earlier in the thread – I’ve watched many noobs think they get this but they really don’t get it… ever :haha:… as for dealing with future ‘flames’ Future Riot Shields Will Suffocate Protestors with Low Frequency Speakers coming to a thread near you… First Amendment Under Attack: 18 Examples Of How They Are Coming For Our Free Speech - BlackListedNews.com

Hm, seems to me about 90% of new traders show up already thinking that. TITZ (and 98% of books, the internet publishing, and forum posts also) may reinforce that thinking, but “lead”? You’re right, TITZ doesn’t really fish out “edge” properly. Positive expectancy across a stat significant sample, etc… while these concepts and terminologies click cognitively to sufficient degree for most, they don’t ever become ‘real’ for most. For many, the ways in which he describes 'risk acceptance' will also make sense, but never really click... TITZ misses covering one important point for sure. "Edge" management. MD doesn't really get down to the imbedded emotional components involved in real 'probability thinking'. In every “sample” of trades, there are going to be one or two that present unusual challenges that most are not prepared to handle… for most beginners, it never really gets to “across the whole sample” because of those one or two make or break trades etc etc.

…Tams, you bring out the worst in me … these attac - excuse me “opinions” - are coming, in essence, to warn traders away from diverge…in the topical posts, using premises from the ‘institutional’, ‘professional’ , etc world… The warnings are not necessary - just as no warnings, attacks, or ‘opinions’ from those not of your orientation were or are really necessary in your threads. Steve46, weren’t you recently seeing the added resistance of unnecessary “opinions” in your own thread? ...and they usually sprang from out of place premises? The few that are attracted to diverge will be the few that are attracted to diverge, period. … and a few will learn how to use and enjoy them to profit consistently.

“...professionals rarely trade them...” ignorant putz question: Can most traders and managers at “…top tier firms…” “…longer term portfolio managers…” “institutional…” levels utilize any methods /edges that only work in certain conditions or are they generally (culturally, 'institutionally') limited to approaches that have been shown to be edges in all conditions?