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


To: Dominick who wrote (317)1/21/2001 11:17:43 AM
From: Threei  Read Replies (1) | Respond to of 867
 
Dominick,

this is very deep and very correct analysis, IMO. This process of translation, converting of new info into your own language is probably what determines success when one learns the method or system.
You helped me to define this difference I see every day. There are people that manage to ingrane info they are presented to in their perception. They adjust both their thinking and system itself in a way that becomes their own understanding. The most successful of them in a while don't need any instructions how to handle particular trade. It's enough to bring the opportunity to their attention and they turn it into actual trade.
And there are traders that try to go mechanical about method. It never becomes something deeply understood and adopted for them. As a result, they need detailed explanation for each move even after months of using the system. Core of the method remains as you put it foreign for them.
One more very interesting detail. For those who translate the method into their own language emotions become their friend and helper, effectively working for them, helping to deepen their intuitive perception. For those who percieves the context as foreign emotions remain enemies, undermining their trading.

Thank you, great post! You guys bring incredible value to the thread.

Vadym



To: Dominick who wrote (317)1/21/2001 4:43:32 PM
From: chris-  Read Replies (1) | Respond to of 867
 
Dominick,

There are a few things that I enjoyed in the post:

First, the part of senses creating information for subconcious. I read in McCall's book the exercise of making your mouth dry, picture the lemon, it's texture, taste, etc. Even without the lemon in my hands or mouth at the time, the sides of my mouth still tingled and the salivary glands filled my mouth with fluid. Amazing.

Also, the two words, react and respond (you used "body rejects) but it made me think of this. I talked with McCall on the phone a couple weeks back in description. He mentioned that "reacting" to something isn't necessarily a positive, much like the body has a negative reaction to some allergy. However, the body "responds" to some type of medicine or treatment.

I wish to respond to signals as it seems more natural for the body/mind to act to situations in trading. The stock acts in a certain way that makes me respond, many times without even knowing it. In some stock action, I find myself watching it, my finger presses the button a split second before I realize I'm doing it. Something in me had to respond to something I was seeing for me to be able to do this (and it's not happened just once).

Along with my other regards for the other contributors this weekend, I'd like to extend my thanks to you as well for yours and look forward to the continuation.

Chris



To: Dominick who wrote (317)1/21/2001 6:45:29 PM
From: Moving Sphere  Read Replies (1) | Respond to of 867
 
Dominick,

Great analogy!

>>"And because you created "your own way" of swimming there is no rejection, therefore, no emotional conflicts or indecision, because it was developed from within. Like growing a new organ."<<

The only caveat in this "no rejection" is that there is a danger of blocking out new information that may contradict the recent acceptance of information after a long burn-in. Thus, as in your "swimming your own way" example, let's say you learned to swim your own way for awhile and now could manage to swim a mile in xx minute before you burned out. Then come a friend of yours who decide to show you a more"efficient" way to swim the same mile for a much shorter time frame than your xx minute. In other words, for the same xx minutes, you could swim more than a mile before you burned out. Because your body was used to your own way, the new way would have a hard time getting acceptance without some sort of resolve between your mind and your old habit. Depend on how much time you spent on training with "your own way", you could find it extremely difficult to accept a new way simply due to old habit and your innate reluctance to throw away all the effort you just made on "your own way".

However, I believe that our mind could bypass this time-consuming lesson of creating a new habit by using a process called visualization. This is a whole new subject to discuss and there are many books out there that are more qualified to explain its power than I can.

There is one book that I highly recommend because it helps me to train my mind in a very simple and efficient way. You will be surprised about the title but the principles behind it is definitely applicable to trading.

amazon.com

Thanks.

Cheers!