Originally Posted by
;
Hey guys,
I simply swung by this thread and thought I would clutter it with my ramblings
I trade for a living. I win I lose I really learn.
Stress I THINK comes from thinking this is a large scary intrie job that'll eat you alive and you need to have a complex method/system to win against the market. This IMO becomes a self fufilling prophecy I THINK. At its core a lack of knowledge.
I will take this out of trading and maybe put it in another light...
Take this as a livelihood a skill/art whatever, however use the premise you aren't born with it but you can be educated it.
This may not be valid however lets just use it. .
Take John and Tom. Both want to become a chef. Get some michelin stars and live that life. They can turn it and love the idea and both Have thought out it.
Both suck step one, but have drive and work ethic
Tom and john create their plans
Tom looks at restaurants, pours over menus move on a culinary whirlwind trip round the world actually so does John to get a feels to get the thing as an entire
Cooking on a world class level can be quite complex and daunting to the neophyte
Tom and John reunite the are willing to stone! Scared excited, broke! These items!! Hehe
Tom decides he is going to take the world by storm and immediately sets out to cooking course and has cookbooks and key recipes to learn the many gourmet, delicious dishes imagineable! He also busts hump!
Tom has no capability to cook but these recipes are proven and they were on ALL the best restaurant's menus. He has retired in his head a wealthy guy.
John, thinking it over realizes, like Tom, he can't cook but need to learn. He's fearful driven and has michelin stars in his eyes. World by storm whatnot
John thinks differently then Tom. He sees things otherwise, although he ate in the very same places same menus end goals. Rather than learning the french recipes out there day 1. .
John figures he better get a deal on the fundamentals... what exactly do components taste like? And just how do they combine? What causes bread to grow... how to use a knife. . .etc. . You know beginning at the start like the chefs did.
Fade that Tom States! A fortune has been spent by him,but has a menu that LOOKS mind. The Fat duck is in his sights. Wealth and fame!
You understand where this goes... neither Tom nor John could cook a world class meal right now. Difference is.
Tell you what though,John will slowly build confidence in his cooking and always grow as a Chef and lose all anxiety with experience and mastery of discipline and basics.
He could fix bad dishes and can make his own new ones from his own experience. . .in reality he uses he have personal variations or recipes.
John has a nice, rewarding and eventually very profitable career.
Tom, opened his restaurant and promptly shut it. The food was off. The recipes were being followed by him like he'd but it was simply not up to par! Off nights concistancy nope... overall blech. Chef Rey gives him a beating and burns off his restuarant down.
Tom doesn;t quit though. He goes outside and gets a new set of recipes and does his tweaking and repeats the cycle and fretting about how this business is so demanding.
If he could get some good recipes!!
Or a better hostess...?
Some better adverts?
Perhaps the whole theme was off...??
Perhaps it was the wrong city for his genius!
These recipes are gold they work! What is wrong?
He hears a few French wizard with three stars has some genuis recipes... maybe those will help?
Truth is Tom has no clue what wrong and likely won't ever understand. He'll amp up and burnt until he goes broke or changes his thinking Chef Rey will get him
At that exact same period, John has come to be quite handy and has his own menu and is doing quite well constantly learning and exploring. He learns from both and has bad and good dishes they were 16, and knows.
He's his star .
Through the years John realized that cooking was simple and got very EASY following A LOT of HARD WORK! It ended up being a mastery of the basics( wihich took time and work and it follows was that the HARD part), blended together with experiance and some personal technique thrown .
His most preferred dish is a very simple roast chicken that would peel off your face it's so excellent.
He CAN make all the fancy dishes aswell but realized the majority of those greatest ones are just simple things in different clothes. He could not see that until he knew HOW to cook.
John's fear steadily decreases together with his experiance and knowledge, Toms panic ranges from panic to calm with restaurant cycles. New one. . .calm ,. . .now it neglecting it's shut down CRIPES!! AHH!
Last thing.
Do you understand why your indiors /system is/are providing you a buy sell signal?
Do you know what the market is doing/did to activate them?
Can you trade without them?
If it stopped working could you fix it? Would you understand it failed?
Does this work better for you or the founder?
Do you / can you choose responsibility for all your wins and losess?
In the event that you answered no to any of them you MIGHT be Tom. If you are profitable who cares though? Not me.
That I THINK folks would be better served to learn HOW to trade( which I believe to be a worldwide skill across all pairs and markets), not to learn how to trade a SYSTEM. IMO
That is just my opinion and you shouldn't ever take anything at face value. Do your research be open to whatever, but test everything or not.
Sizz.