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Showing content with the highest reputation on 06/24/18 in all areas

  1. 1 point
    zdo

    Why Buy Trading Education?

    Thanks for the text. We would appreciate a post. Here’s a sample (of size, not quality ). By the time you are ‘mature’ (maturity can come at any age) enough to trade, you have typically completed standardized ‘education’ and should drop the model asap. In other words, conventional education model will not be effective for learning in trading and seeking a general education in trading, whether curriculum based or not, is a waste of time and of whatever costs are incurred. Instead, anyone ready for trading should also be ready for SELF education. Basically , to really thrive as a trader, I blve you move beyond the currently failing ‘educational’ paradigm founded on the premise that humans can only make sense of the world via communication with each other. On the objective knowledge front that means seeking out only the specific information about instruments, data, exchanges, transactions, orders, etc etc you personally need to fill gaps in your understanding. The beginning trader typically only has about 3 really (seemingly) ‘stupid‘ questions. Ask them. Get it over with. The rest of things are easy to access and learn. You don’t need no fkn ‘education’ in it. On the ‘sychological’ front, that means studying the opportunities and limitations of your own neurological and temperamental tendencies, your sympathetic and parasympathetic balance and tendencies, your own limbic system, and the degrees to which you are susceptible to each trading ‘bias’ (see Daniel Kahneman, etc.)..., your desires and what you do with them, etc. etc. It takes deep self-study. Reading about, taking courses, or even getting degrees in psychology won’t help you a fkn bit. On the methods front, that means getting in the cockpit and getting real experience with real money so you will actually learn what methods best suit your true nature. Do that before any outside training. Once you have almost mastered your method then you will also know what exactly what you need to work on. Get sufficient experience in your own best method(s), then seek an expert in that method for further increases in leverage. With trading educators there is no transference of ability or capacity. As I’ve said many times now, a teacher can never really teach you his method because there is simply too much differences between your perceptual maps and cognitive processes and his. He will be unconsciously competent at things that he will never be able to ‘share’ with you, etc etc. Wycoff could not teach you wycoff, etc. Their students can certainly not teach you wycoff, elliot, whoever. etc. Trust serendipity / synchronicity -"when the student is ready, the teacher will appear". ‘Education’ becomes a useless relic. The ‘voice of trading’ IS trading education that says you need to move more and more into just running scripts instead of ‘playing’ at trading ‘creatively’ . If you think you’re the special exception that can pull off changing yourself to match up with a ‘system’, which likely you do if you’re reading this, go for it - odds be damned. Fail forward as fast as you can. Maybe then you’ll realize you need to get beyond ‘education’. Maybe it will dawn on you that the ‘voice of trading’ has vast areas that nothing is allowed to be spoken about. But, YOU need not to wait until old ‘voice of trading’ deteriorates completely and new media, etc. emerges. Sorry I don’t have time to be queer this up or make it gender indeterminate for our precious ‘student’ snowflakes... or to be very respectful. Bluntly - if you have to be ‘educated’, you’re not ready to trade.
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