[daVinciLite]

Originally Posted by Tradewinds »

People can also choose to be aware of the influences that affect how and why they act in a specific way. There is indeed, random outcomes, and non-random outcomes. Most people are totally at the mercy of randomness. But it goes even deeper than that. Most people don't even know that they don't know anything. We first need to become aware that we are constantly being influenced by randomness. If a person does not know or believe that they are being influenced by randomness, then it's unlikely that they will do anything about it.

You may also enjoy "What If?: The Challenge of Self-Realization" by Eldon Taylor. Taylor has a lot of other books about the mind. This stuff is basic neurology with a psychological spin. I used a basic form of biofeedback 20 years ago to calm my nerves during basketball games. Rande Howell is on the right track. Just ordered the book.

DVL

[johnw]

Sorting out who you are, what makes you tick and detaching your ego sufficiently to allow your "Back Office" to kick into gear is essential to enjoying life to the fullest.

But in reference to Trading, do not overlook the need to get to the essence of what makes markets move, otherwise you will be out of control whilst you think you have control ... a nasty place to be.

Here is what seems to happen, when you read Posters stories here on TL.

A person hooks into a Trading Software program full of bells and whistles all
coupled through what they consider to be a high powered PC.

They bring with them an attitude from the manipulated world, a world in which they believed that they were successful.

Read a few books, talk to other lost souls on Forums and away they go.

The first thing that happens is they lose money and the second thing that happens is they lay blame on everyone and everything around them.

Now, peel back the illusions to reveal the reality of what happened...

They stepped onto an elevator thinking they are heading to the 43rd level Penthouse ...they ASSUMED they were at the ground floor, whereas they entered at level 39.

It is a long fall down, but thankfully it was only money and ego that suffered.

The key is to establish you are at the ground floor before you begin the journey up.
That will require honesty and hard work.

[Richie1977]

Constant self awareness is the key, if you are aware that you are bidding to low, or not hitting the set up when it occurs. If you say out loud you are doing this to yourself, you have the chance to correct. I did it on NFP on friday, I must have missed 4-5 reversal trades, I made myself aware, changed and then started to make money. This fear of loss, plagues most traders from my experience, I have friends in hedge funds that keep tin pots for all their, "should of, would of, could of trades...." for all those missed opportunities. The key is awareness....

[johnw]

Originally Posted by Richie1977 »

Constant self awareness is the key, if you are aware that you are bidding to low, or not hitting the set up when it occurs. If you say out loud you are doing this to yourself, you have the chance to correct. I did it on NFP on friday, I must have missed 4-5 reversal trades, I made myself aware, changed and then started to make money. This fear of loss, plagues most traders from my experience, I have friends in hedge funds that keep tin pots for all their, "should of, would of, could of trades...." for all those missed opportunities. The key is awareness....

Excellent thoughts ...

But how do you know that you are self aware.
Your self awareness just might appear to be a self delusion to others.

[Tradewinds]

Everyone is prone to self criticism. This internal criticism can go mostly unnoticed by our conscious mind. Inner criticism limits our potential. It's important to be aware of and test our inner criticism. One characteristic of destructive criticism is that it makes global assessments with little or no evidence to support the bias. Something I learned from the book.

[steve46]

OK so I have a limited amount of time, and I want to bring my participation in this thread to a close

Seems to me folks decide to do this for a variety of reasons, with money the foremost motivator...thats clear...
Also clear, most folks approach this business thinking they can get their charts up, learn about the markets, find an indicator or a setup that works and voila they have a magic ATM machine on their dining room table....
The fact is, unless a person makes a conscious decision to think and act in an adult manner, they won't get to their goals...unless they learn to take responibility for themselves and their actions, they will aways be watching from a distance, looking for an explanation "why they can't get where they want to go"..
Everyone is entitled to read all the books they want...take all the seminars....pay people to tell you why you are doing what you do....but in the end it comes down to YOUR DECISION TO TAKE ADULT RESPONSIBILITY FOR YOUR ACTIONS.

Next week I intend to start working with a group of folks willing to make that decision and go for it...I intend to show these folks what it takes to get to their financial goals with trading....I expect to win some and lose some, but in the end I also expect to make a positive difference in their lives....

I hope you all reach your goals as well..
Seeya

[MightyMouse]

Originally Posted by steve46 »

OK so I have a limited amount of time, and I want to bring my participation in this thread to a close

Seems to me folks decide to do this for a variety of reasons, with money the foremost motivator...thats clear...
Also clear, most folks approach this business thinking they can get their charts up, learn about the markets, find an indicator or a setup that works and voila they have a magic ATM machine on their dining room table....
The fact is, unless a person makes a conscious decision to think and act in an adult manner, they won't get to their goals...unless they learn to take responibility for themselves and their actions, they will aways be watching from a distance, looking for an explanation "why they can't get where they want to go"..
Everyone is entitled to read all the books they want...take all the seminars....pay people to tell you why you are doing what you do....but in the end it comes down to YOUR DECISION TO TAKE ADULT RESPONSIBILITY FOR YOUR ACTIONS.

Next week I intend to start working with a group of folks willing to make that decision and go for it...I intend to show these folks what it takes to get to their financial goals with trading....I expect to win some and lose some, but in the end I also expect to make a positive difference in their lives....

I hope you all reach your goals as well..
Seeya

Bravisimo!

Great advice from a guy who was read every book and used every single sort of moving average known to man. After all that, he decided to take responsibility for his own actions.

[Tradewinds]

Originally Posted by steve46 »

The fact is, unless a person makes a conscious decision to think and act in an adult manner, they won't get to their goals...unless they learn to take responibility for themselves and their actions,

The book describes a calm, confident, impartial, and courageous state to trade from. This is the objective for the trader to achieve. One way to move towards this state, is to allow ourselves to take a look at the things that often get pushed to the back of our minds. This process takes effort and willingness. I would say that the effort and willingness to face these uncomfortable inner issues can only come from an adult, responsible action.