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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?


To: Threei who wrote (97)10/22/2000 3:14:12 PM
From: Threei  Respond to of 867
 
Unexpected reaction: I got several private messages and e-mails in response to this post, and no public ones. Is it weekend or topic strikes as esoteric and intimate? :)

Vadym



To: Threei who wrote (97)10/22/2000 3:34:28 PM
From: aldrums  Read Replies (1) | Respond to of 867
 
Threei, I think you accurately described the learning experience. One interesting point is: If you excel at something, that does not necessarily mean you are good at explaining it or even can explain it. By the way, I am not referring to you personally, I think you are GREAT at explaining things! :>)
I once saw a musician put on a clinic for some students at the college I attended. He is a Jazz bass player (his name escapes me) and one of the best in the world, he grew up playing with Jan Hammer in Europe and had played since a very young age. He was asked many questions regarding playing techniques by the students in the audience. His answers were all the same...they were like, "Well, I don't know, I just do it like this", then he would proceed to play some amazing melody on his bass. He had no problem playing things, but he couldn't explain how he was able to play them or even remember the thought process or practice regimen that led to the development of that ability. My conclusion was he had been playing since such a young age that it was all subconscious. It was such a part of him he couldn't explain it, no more than you would be able to explain how you developed the ability to brush your teeth.
My goal in my trading is to get to that automatic and subconscious state. I think it really is magical (the learning process that is) your mind starts to subconsciously recognize the correct patterns you must follow to learn and filters out the rest. But you are so right, this process cannot be rushed and it must run it's natural course, (the trader's tuition!) I think for some the learning process might be faster than others. But I think all humans have this innate ability to learn and with perseverance, patience and determination any skill or art can be learned by anyone barring any physical or mental limitations. BTW, it is the mental limitations we are dealing with, isn't it? Hehe.
I believe if someone else is doing it, I can do it at least as well or maybe even better. It's just a matter of time.

Alex



To: Threei who wrote (97)10/22/2000 3:54:40 PM
From: Steve Felix  Read Replies (1) | Respond to of 867
 
Threei,

I thought it was a great post. I appear to be in the
mid stage. Sometimes I act when I "know", even though the
chart doesn't exude confidence yet. I think it becomes a
matter of trusting yourself, which takes time.
Sometimes I talk myself out of acting with excuses
about breaking my own rules, risk/reward just not there,
etc. Majority of the time I am sorry later that I did not
act.
The market has a way of making me hesitate. I will know
and act, be stopped out with a small loss and think I did
something wrong. The next three times I "know" I will just
watch. Drats!! Of course the next time I act it will cost
me. I will be much further ahead when I learn to fully trust
myself.
Actually, when I "know" the spread between my buy
price and where I want to put my stop is usually much
smaller. In essence it is less risky.