That was good-- haven't seen the Count in years. Wondered what he was up to. I like you more now. You garden and have a clever sense of humor. I like the part where he's asking what happened to the balloons and confetti. BTW Ed Seykota has a new book out. It has a picture on every page. He joked that at a thousand words per picture that's over 300 thousand extra words. Haven't read it but sounds interesting based on interview with Mike Covel.--Swimr
You might check out his interview on YouTube--that's free. Not an endorsement by any means. I'm familiar with his,work and have read Trading Tribe. He has devoted much time to helping traders without charge and I'd like to work with him. . Again just sharing my experience. There's text as well in new book.
I don't mean to be smart C63, but at this stage I truly believe that looking to others is really a hindrance more than a help, and I will tell you why I think that way. General - trading is all about making money, and not about liking this person or that person because you might think that they can help you along. The "real" truth, same as in the "holy grail", is that the "key" to success is, has been , and always will be from within. In essence, what this really means in relation to trading, is that you have to stop arsing around and get down to business, which is "the act" of trading. Many fail to realize that in order to win, you must keep trading, or, play the "numbers game". It really is simple maths, as our Indian friend on youtube rightly pointed out - Trading Is Math, It Is Not Magic. If one has but a simple stratgey, and can stick to it, day in and day out, or whatever time/s the strategy call for trades to be executed, then, with proper risk management that person will make money - unless of course the person in as thick as 2 planks put together, which in that case he/she should "obviously" not be left near any form of gambling. We have sorta drifted off topic here, and that is why I am posting most of the stuff in the obvious thread, as I have been told I can post whatever I like there J_S
Right. I agree with you. When I said I like his work that means his ideas. There's two sides to this trader--_the guy who watches the tape, and the guy who watches the world looking for change. The latter is more of an equities trader, and isn't mathematical. I spent 15 years learning the inference process as it applies to the markets, under a guy who devoted his life to that field. Unfortunately he passed in 2010, and I don't trade that way for the most part. But I love a good idea. When I have some insight into the mystery of the world, It makes living enjoyable.--Swimr
going thru some old stuff and deleting most of it..don't know where i got this one..but can relate to it! J_S 38 steps to becoming a trader They are as follows: 1. We accumulate information - buying books, going to seminars and researching. 2. We begin to trade with our 'new' knowledge. 3. We consistently 'donate' and then realise we may need more knowledge or information. 4. We accumulate more information. 5. We switch the commodities we are currently following. 6. We go back into the market and trade with our 'updated' knowledge. 7. We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in. 8. We start to listen to 'outside news' and to other traders. 9. We go back into the market and continue to 'donate'. 10. We switch commodities again. 11. We search for more information. 12. We go back into the market and start to see a little progress. 13. We get 'over-confident' and the market humbles us. 14. We start to understand that trading successfully is going to take more time and more knowledge than we anticipated. v MOST PEOPLE WILL GIVE UP AT THIS POINT, AS THEY REALISE WORK IS INVOLVED. 15. We get serious and start concentrating on learning a 'real' methodology. 16. We trade our methodology with some success, but realise that something is missing. 17. We begin to understand the need for having rules to apply our methodology. 18. We take a sabbatical from trading to develop and research our trading rules. 19. We start trading again, this time with rules and find some success, but over all we still hesitate when we execute. 20. We add, subtract and modify rules as we see a need to be more proficient with our rules. 21. We feel we are very close to crossing that threshold of successful trading. 22. We start to take responsibility for our trading results as we understand that our success is in us, not the methodology. 23. We continue to trade and become more proficient with our methodology and our rules. 24. As we trade we still have a tendency to violate our rules and our results are still erratic. 25. We know we are close. 26. We go back and research our rules. 27. We build the confidence in our rules and go back into the market and trade. 28. Our trading results are getting better, but we are still hesitating in executing our rules. 29. We now see the importance of following our rules as we see the results of our trades when we don't follow the rules. 30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better. 31. We continue to trade and the market teaches us more and more about ourselves. 32. We master our methodology and our trading rules. 33. We begin to consistently make money. 34. We get a little over-confident and the market humbles us. 35. We continue to learn our lessons. 36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size. 37. We are making more money than we ever dreamed possible. 38. We go on with our lives and accomplish many of the goals we had always dreamed of. found it by a little search..would not bother buying the book..as mentioned..99.99% of stuff is just repeated..the "real good stuff" will never be printed..when you "know" this it lets you see what all the books written are really about - making some money for the authors!