EVERYTHING That Is - That isn't

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MightyOne
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Postby MightyOne » Sun Jan 08, 2012 8:42 am

"What would you do if you knew that you could not fail" - Robert H. Schuller

"Women make the best traders, women are good listeners" -Ken Roberts

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Braathen
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Postby Braathen » Sun Jan 08, 2012 8:54 am

"Focus on Process --

Not on Outcomes"

Set and forget orders would equal outcome seeking
MM/space managment would equal process focusing

So i believe alot in the whole failure thing.. u gotta make
the mistakes to gain the experience etc etc.. so lets say u "backtest" something.. did u really learn anything? Im not saying the idea your backtesting is bad.. just you might not be seeing the whole picture....

I believe the same kinda goes for live and demo trading.. you might not be as focused on the process due to low risk/emotions.

But if your in the pit.. with your big ass sword swinging at the other trades
yelling "Get back up off me man!" that must be where the experience is.. the failure.. the success.

Just a thought! :)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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PebbleTrader
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Postby PebbleTrader » Sun Jan 08, 2012 5:12 pm

"Focus on Process --

Not on Outcomes"

Let's expand Prochargedmopar's example:

Ala' Chris Lori,
As He describes in his journey down a bobsled track at HIGH speeds. His focus was not on gold/women/money/fame, ect. Or even breaking track records. His life (and teammates) depended on him staying "FOCUSED ON THE TASK, AND NOT THE OUTCOME"!!!


Process

Listen to how he talks about each turn...:

"Corner 6 let it get high" ... "Parallel into 7" ... "Wait" ...

There is not outcomes in his thinking. It is all about the now moment details.

He's not thinking about his competitors times, how good that gold metal is going to feel, the women at the after party, etc.
Life is just a journey

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PebbleTrader
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Postby PebbleTrader » Sun Jan 08, 2012 5:25 pm

So i believe alot in the whole failure thing.. u gotta make
the mistakes to gain the experience etc etc..


Failure is the opportunity to begin again more intelligently.

Failure should actually be something we embrace, because failure, believe it or not, is the best teacher.

Trading success is not an all or nothing proposition. Your only choices are not to be a colossal failure or a colossal success. It doesn't work that way.

Real success is made up of smaller successes and achievements that build confidence and slowly get rid of that fear of the unknown. Which kind of means that you need to let yourself ride the wave, rather than looking only at the end goal. You're never done growing, so you might as well let yourself enjoy the journey, rather than looking at everything as a fight for you to win or lose.

The person who makes no mistakes does not usually make anything.
Life is just a journey

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PebbleTrader
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Postby PebbleTrader » Sun Jan 08, 2012 5:29 pm

Traders capitalize on the emotions of others AFTER they CONTROL THEIR OWN.
Life is just a journey

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RicG
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Postby RicG » Sun Jan 08, 2012 5:37 pm

Michael Jordan said it best:

"I've missed over 9000 shots.

I've lost over 300 games.

26 times I've been asked to take a game winning shot at the buzzer and missed.

I've failed over and over and over again.................

And that is why I succeed."



PebbleTrader wrote:
So i believe alot in the whole failure thing.. u gotta make
the mistakes to gain the experience etc etc..

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PebbleTrader
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Postby PebbleTrader » Sun Jan 08, 2012 5:39 pm

Space & Cascading Windows Of Opportunity

:)

Image
Life is just a journey

dchappy
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Postby dchappy » Sun Jan 08, 2012 8:43 pm

Recently heard that M. Parker passed away this fall ..

Quite an interesting guy ..and exceptional trader ...I will miss him .

Humble
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Postby Humble » Tue Jan 10, 2012 12:51 am

FF still have him in the Recycle Bin. Unfortunately they messed up the order in which post where made, making it very hard to follow.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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bettlebox
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Postby bettlebox » Thu Jan 12, 2012 1:58 am

1. Right Thinking + Work = Small result.
2. Small Results + Work = Confidence.
3. Confidence + Work = Big Results.

Now its simple process asking yourselve, where do i fit into above picture?

Am i getting small results?
yes- then i just need to work some more to build my confidence.
No- then i need to make sure i am thinking right and keep working.

Am i getting small results but not building my confidence?
yes - just need to do more work, keep going.

Once you have confidence and small results just with some more work the Big result will follow.

BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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