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No, I have not worked with him yet. The cost is very high so I am trying to find someone who has worked with him for a reference. I will hop over to the other thread to read your input.
The following user says Thank You to reallypo for this post:
This simple idea has made a huge difference to my trading.............
This video also brings this idea out and that you don't need to catch those big trends to make really good money also illustrated in the spreadsheet image.
It is in the final stage all about risk and money management, regardless how good you are in what ever in trading. You can read Wizard Books and Wizard Comments on and on, at the end this will be the point as soon as you make real money with trading. Even in today's algo trading, the risk is more or less the first topic to look at.
"Knowing yourself", sounds very cool and very New Age, but an immensely hard goal to achieve. What's "yourself" anyway? Some Buddhist schools deny its existence altogether. As strange as it sounds, modern science has very little idea about consciousness. We know it is connected to the brain, but that's about it. There are plenty of theories that involve various neurotransmitters and anatomical structures, but at the end of the day they tell us nothing. Sure, you put a person in fMRI machine, show him a picture and his temporo-occipital zone goes from yellow to red. Now what?
There is a great book by Suzan Blackmore, Zen and the Art of Consciousness. She describes her experience with the practice of Buddhist koans. Koans are little riddles that don't make sense and cannot be answered by logic. Their goal is to transcend the logical thinking and "get it!" So the first koan was, am I conscious right now? As simple as it sounds, when you start paying attention and thinking about this, things start getting strange.
Anyway, it's a big topic. For those interested here is the link to one of her articles: Delusions of Consciousness
So what does it all have to do with trading? Well, I am not sure. I wish it was possible to dissect the mind and its functions and come up with some sort of a solution for not fucking up the trading account. Personally, mechanistic approach makes most sense to me. I don't necessarily mean algo trading, but rules in general. Look at the chart, make up your mind and make the decision. Long or short, stops and profit targets, whichever method makes sense, put the orders in and that's it. Don't change anything after that. Keep a diary and come back to it to see what went well and what went wrong.
Is it useful to analyse my childhood and try figure out if I cut the losses too early because I was worried about the integrity of my genitals while I subconsciously wanted to screw my mother, as per Ol' Sigmund? Even if it does turn out to be the reason, will it help me change my behaviour? I don't know. Strangely enough, we, humans, are so similar and so different from each other at the same time. The topic for another koan I guess.
The following user says Thank You to Small Dog for this post:
