Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

jpennybags

Inspirational Reading...

Recommended Posts

Good gawd this forum sucks, and I'm about to introduce something that is destined to die in the weeds...

 

This forum used to be kind of a fun place to hang out; not so much anymore. The "golden C's" have filled the void. If you are a new trader, I would advise that you run... not walk from this place. For those that would choose to continue... some levity may be a good thing.

 

After fifty some odd years, I went back to read (reread) Jack London's "Call of the Wild". I couldn't say that my first reading was a pivotal moment in my life, but there are some parallels to learning to trade that may be of some small value to beginning traders... or not... it's more a matter of my own amusement...

 

Anyone else got anything of mention to add (for my amusement... or your own)?

Share this post


Link to post
Share on other sites
You sound really pessimistic... Can nothing save this website at all?

 

Well... first off... you are not amusing me. Do you have a bit inspirational reading that you may want to add? What you may add to the conversation doesn't have to be earth shaking, just a matter of joining a conversation about something other than "trading" is at hand. An act of creative thinking that may catch the interest of other thinking humans.

 

There was at one time a community of aspiring traders (some who had achieved) who frequented this site. The reasons for why this site has devolved into what it currently is, could be attributed to the notion: "everything good comes to an end". It may be that it just couldn't support it's own weight. It may come back, but I see no indication of that... thus far.

 

If you are an aspiring trader, or you have achieved, I think it would be agreed that this business can be a tough nut to crack. From a personal perspective, I feel no need to talk trading all the time... it's kind of boring (I love this shit... I know my objectives and I don't need to waste time with yours) but, it is a pleasant thing to interact with others of a like mind. If one were to check out "the pic of the day" thread, there were people interacting around something other than trading. This was a good thing... it's a community thing, and something sorely missing.

 

I'll close this all too unamusing statement by saying that in all honesty, I have not learned a damn thing from anyone on this site (save a couple of key interactions...you know who you are because I've thanked you). It's just good to have like minded folks to converse with. Nothing more...

Share this post


Link to post
Share on other sites

One 90-year-old woman is proving that age is just a number as she was filmed water skiing in an Oklahoma lake.

 

Millie Sullens turned heads as she glided on the surface of Lake Tenkiller on Tuesday.

 

Sullens was invited come to the lake by marina owner Kevin Dudley after he saw video of her water skiing.

 

"It's such a remarkable feat to be 90-years-old and doing this. I don't know very many people in the world that could accomplish that," he told KFSM-TV.

 

Dudley took control of the boat as Sullens went for a ride on her skis. She waved to people around, even giving a thumbs up.

 

She learned how to ski when she was 34 from her husband, who has since passed.

 

She now teaches her great-grandchildren how to water ski.

 

“It's like you got the whole world by yourself and when you get a new skier you live that same thing,” she told KFSM-TV. “I just have fun teaching everybody and following them across the waters.”

MSN UK | Latest news, Hotmail sign in, Outlook email, Skype, live scores

Share this post


Link to post
Share on other sites

How about some inspirational writing ? I'll go first

 

UNTITLED

It was the summer of 1961 and already long past midnight when Ivor Novello Vestor arrived at the home of his late, great aunt Agnes to begin the process of winding up the affairs of the dearly departed and preparing her uninhabited estate for sale.

 

The great mansion that had stood in it’s 400 acre grounds for centuries was perfectly silhouetted against the full moon, a symbol it seemed to him, of defiance against the rapidly expanding modern world of commerce he had just left behind in the City of London.

 

And yet, as the taxi that had brought him from the station made it’s way back to the front gate, Vestor also knew that this house was the result of commercial endeavour undertaken in a bygone age. An era where trading in commodities occasionally involved the discovery of parts of the world previously unknown.

 

How exciting it must have been, he thought as he searched for the front door key. But the key was not to be found.

It had been many years since Vestor had last visited the house and he remembered it well..But one thing he couldn’t recall was the sign by the doorbell which read ‘ Thinking of opening the door’

 

Well, quite, he was indeed thinking how to open the door when, suddenly, the door did just open, seemingly by itself. And yet, it had only opened once Vestor had focused on the problem and had been guided by the sign by the doorbell. A sign that was a clue. And clues dear reader, are what eventually lead to conclusions. The problem being that clues are all around yet conclusions too often come from within and not always are they correct. Still, on this occasion it had worked perfectly well.

 

Now that Vestor had opened the door without using the key he thought he needed, indeed a key he never possessed, he was ready to begin his journey. …

 

To be continued

Edited by mitsubishi

Share this post


Link to post
Share on other sites

2

 

It wasn’t until the following morning, that Vestor decided it was time to explore the house in it’s entirety, room by room. Little did he know that the more determined he was to familiarise himself with every facet of this great mansion, the chances were he would be better off taking up permanent residence rather than putting up the house for sale, such was the scale of the task before him.

 

Having fallen into a fitful sleep on the rug in front of the fireplace in the great hall the previous night, he was determined to discover why he had found every single room in the house was locked. Perhaps this morning he could repeat the success that he had had with the front door.

 

And so it was that he soon found himself standing in front of a door that had his name written all over it. Trying the handle Vestor found that the door opened easily into what appeared to be an ante room. Had he been compelled to describe this room in one word he would have chosen the word ‘simple’. Although looking around the room it did appear to have some elegance to it that was in keeping with the rest of the house, or so he imagined, as he was yet to find another room that wasn’t locked. However, he was soon bored with it and was keen to discover something far more lavish, exotic even, that would meet with his expectations.

 

It was the sound of a piano playing ‘Come all ye faithful’ that drew him to the west wing of the house and, having turned down the hall he was immediately confronted by the sight of a crowd of people gathered around a large grand piano.

 

It must have been a very elegant instrument at one time, but unfortunately someone had painted it in a pathetic attempt to make it appear as though it were gold plated. From a distance it may have fooled many, but more disturbing for Vestor was the distinct impression he had that everyone in the room was waiting for their turn to give a rendition of ‘Come all ye faithful'. That and the fact that they all appeared to be wearing baseball caps with the word ‘Coach’ written on them.

 

As he made his way back to the great hall he passed a constant steam of people who seemed to be in a desperate hurry to reach the room he had just left. They all had another thing in common. Each held a cheque book in one hand and a large crayon in the other. They also had a sign on their back with the word 'sucker' though it was written in many different languages.

 

To be continued

Share this post


Link to post
Share on other sites

3

 

Two years had passed, though Vestor had lost track of time ever since he had first entered the house. He had learned some interesting lessons, yet his trading account continued to dwindle and he feared that unless something turned up soon he would no longer be able to continue on his current path.

 

His creditors were pressing for the sale of the estate and the pressure often drove him to seek solace in the small ante room he had discovered in the early days. Sometimes he wished he had never arrived at this house, and at other times he hoped he would never have to leave. If ever a man was so close to the truth, yet so far away from realising it, that man was Vestor.

 

Whenever he saw success in the market it gave him hope. Yet whenever he saw failure his first instinct was to try unlocking the doors that still remained firmly shut. It is sometimes said in life that when one door closes another one opens, which is a way of saying opportunities abound. But for Vestor, doors and the rooms they gave passage to, were often the cause of his endless frustration.

 

On rare occasions he encountered what he initially thought was his twin brother, usually upon entering the library. But he soon realised it was merely himself in a previous incarnation deep in study and completely unaware of his future presence.

 

In his frustration one overriding thought always remained, he must either reach a workable solution or be forced to leave the house forever.

 

“The answer is somewhere in this house god damn it” he heard himself shouting down the telephone to his broker who had informed him that he was now low on margin. Vestor was right. The answer was indeed in this house, for Vestor was there himself.

 

To be continued.

Share this post


Link to post
Share on other sites

This recommendation for something to read would fall into the category of “it may not cure what ails you, but it won't kill you”…

 

If I were to take on students, a precursor to receiving my instruction would be several months of learning the practice of meditation and mindfulness. I don't think formal instruction is necessary, but just an introduction through your own reading, and daily practice would suffice.

 

I've heard the claims that “pure” systems traders make about trading with no fear: “I trust the system, and there is no fear in trading the system”. I would not (could not) dispute that claim; if it's true for you then it's true. I have no argument one way or the other (though I do question the assertion). Regardless, as I mentioned at the top: “it won't kill you”.

 

I approach most everything in life and learning in a practical and pragmatic manner, and I would not encourage devoting a great deal of time to meditation; thirty minutes a day is all it takes to begin to understand mindfulness. There are a great many claims about the benefits of mindfulness, but I think (in a practical sense) for traders, the benefit comes in learning to listen to the thoughts that stream into your consciousness in a passive rather than reactionary manner.

 

For what it's worth, it has helped me; not so much in dealing with fear, but in my thought process leading up to trade entry, managing the trade and making the exit. For the record, my problems came with being a little too fearless and aggressive. It has helped with that aspect too… though I'm still a work in progress. I've read all the books that are listed, and while I claim no expertise on the subject, it is where I started…

 

Meditation: An In-Depth Guide

https://www.amazon.com/Meditation--Depth-Guide-Ian-Gawler/dp/1585428612/ref=sr_1_1?s=books&ie=UTF8&qid=1469810805&sr=1-1&keywords=meditation+an+in+depth+guide

 

As to trading and mindfulness:

Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting Edge Psychology

https://www.amazon.com/Trade-Mindfully-Performance-Mindfulness-Psychology/dp/1118445619/ref=sr_1_1?s=books&ie=UTF8&qid=1469811004&sr=1-1&keywords=gary+dayton

Edited by jpennybags

Share this post


Link to post
Share on other sites

radingmotion is like a store of many trading systems, through it, people can buy systems that fit their needs, the cost of some systems is very high, that after waiting to see if the situation improved did not happen, that the losses exceed 60%

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Renko Full Throttle PRO IndicatorUSDCHF 1H Chart: Recorded Success rate is 95% in the last year with  
    • True. I can't say how much money I lost over the years on crappy signal providers. Take as much time as necessary googling on any one before spending your money there.
    • Date : 6th December 2019. Happy Non-Farm Friday – 6th December 2019.Happy Non-Farm Friday – The Dollar majors have remained comfortably within their respective ranges from yesterday, ahead of trade talks, NFP and the OPEC+ decision.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • GBPUSD Eyes Further Upside Pressure On More Bull Pressure   GBPUSD with the pair remaining biased to the upside more strength is expected in the days ahead. Support lies at 1.3100 area with a break below that level turning focus to the 1.3050 level. Further down, support comes in the 1.3000 level where a violation will shift focus to the 1.2950 level. Below here will open the door towards the 1.2900 level. On the upside, resistance is located at the 1.3200 with a break above there allowing for morel strength to build up towards the 1.3250 level. Further out, resistance stands at the 1.3300 level followed by the 1.3350 level. On the whole, GBPUSD retains its broader upside pressure.    
    • Yes, AMP is a good and reliable broker. Almost all FCM brokers and their IBs provide a similar service (the main difference is commission per side or per round, min deposit. Also, margin requirements, but commonly they are similar) Quantower platform allows to trade futures with AMP via Rithmic technology with full market depth data (!)
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.