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Has anyone ever heard of eminisniper.com?

  #290 (permalink)

Elite Member
Bala, PA, USA
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
monpere's Avatar
Posts: 1,858 since Jul 2010
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trendisyourfriend View Post
You're not serious, are you ? Anyway, i still prefer a system where my common sense plays a role and which helps me make money than a simple straight forward and objective system that makes me lose money, don't you ? However, i don't really like the term discretion as it has some pejorative connotations. Common sense conceals almost countless different skills. Common sense is not a simple thing. Instead, it is an immense society of hard earned practical ideas of multitudes life-learned rules and exceptions, dispositions and tendencies, balances and checks.

Here is what Marvin Minsky has to say about common sense:
If common sense is so diverse and intricate, what makes it seem so obvious and natural? This illusion of simplicity comes from losing touch with what happended during infancy, when we formed our first abilities. As each new group of skills matures, we build more layers on top of hem. As time goes on, the layers below become increasingly remote until, when we try to speak of them in later life, we find ourselves with little more to say than "i don't know."

Traders are not immune to that. They need to take the time to build that society of hard earned practical ideas, rules and exceptions, dispositions and tendencies, balances and checks.

I have no problem with common sense, or discretion however you may call it, but if you tell me my success depends on it after you take my money, I'm gonna ask you for a 25 point itemized list of it means to you. To me common sense means buy 40 contracts every time I see a blue bar, to you it's probably totally ludicrous. Write it down for me please. There's a town somewhere missing a perfectly good idiot... that's me

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