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Scattered thoughts...
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Created: by Lornz Attachments:26

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Scattered thoughts...

  #171 (permalink)
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zt379 View Post
Dearest Lornz...well I've enjoyed your arrogance, it's always made me smile...
so thank you..
and thank you too for starting that music thread "song(s) of the day"..
One of my favourite threads...!

kind regards

Wow, thanks for the kind words! I like to think that there is an intelligent, sensitive human being buried beneath all of flaws; I'll never give up my search for him...

That thread is one of the main reasons I visit this place. I want to thank both you and the other contributors for broadening my musical horizon. Music is such a beautiful thing!

Cheers!

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  #172 (permalink)
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Lornz View Post
Thanks! I had to put that in there because I can't know for certain. I can think of a poster or two on ET that might fit the latter description.

It's very clear that nearly everyone that posts on these boards are not making consistent gains, excluding the premium sellers that works for scraps.

How's your Dual N-Back training going? Are you still experiencing positive effects?

What about your paid thing, @Deucalion? Is it worth it?

I'm thinking on getting my parents to start doing some mental exercising, and I'm contemplating which one to chose. Does the IQ Mindware require a certain level of English proficiency? I saw a screenshot of stuff like "Lornz is to cool as @Deucalion is to uncool"...

IQM's High IQPro is not bad. A better "stone" for sharpening the WM (it claims to target Gf, I don't agree with that since Jaeggi's original study already made a disclaimer about targeting Gf indirectly), but a stone nevertheless. All these games try to help you remember "more" things. Rudimentary English is required. And hope that it sticks...crudely speaking. Very inelegant.

So my reco is none of them. Instead I found the toy that I prefer....and it's Merzinch's Posit Science. More elegant. Does it work?...I believe it does.....quality over quantity......more sensory.

Brain Training Exercises & Program Goals | Posit Science

As for positive effects, my renewed test revealed minor changes only with IQM - so either my brain is hopeless, or already optimised for these plebeian games. Can't improve perfect...

Video: InSight Brian Fitness

Let me add - at the very least their blog is an illuminating bookmark on my browser....http://www.positscience.com/blog/


Last edited by Deucalion; May 1st, 2012 at 09:32 PM.
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  #173 (permalink)
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Lornz View Post
But, after trading for nearly 10 years, I am bored with trading. I feel that I've mastered it, and I've been struggling with my motivation for the past year.

This pretty much describes me, but in regards to poker. Hence why I'm here trying to learn a new field


Lornz View Post
But, to be serious for a brief moment, I doubt I will discuss my trading in more depth. I really tried, but I just don't have it in me. This thread has had far more readers than I intended, and I don't feel that my secrets would be safe here...

Fair enough. Perhaps I can ask some things and you can just respond how you want..

Lornz View Post
Do your own stinkin' research!

I've done a fair amount of reading. I struggle to find anything worthwhile. At the same time, who am I to decide what is worthwhile? Its just that nothing I find can provide me with a foothold to grab onto and form a base for trading the market.

In past posts, both you and Fat Tails have recommended learning the structure of the markets instead of reading worthless TA material. The ONLY thing that has made sense to me that I've read so far is this pdf: Larry Harris - Winners and Losers of the Zero Sum Game (gonna move onto the Market Microstructure book next). Probably because of my poker background, it just makes sense to me to look at things from an exploitive point of view. Who am I exploiting? Where does the money come from?

So the pdf was very interesting explaining the different types of participants and what their goals in the market is. However, I'm still finding it difficult to use this information to put together a trading plan. The stuff about price/volume relationship, reading the tape and the dom, that has made the most sense to me. But when it comes time to define entries or interpret the structure of the market and which is more likely long/short, I find all the information about the participants kinda goes out the window.

Any guidance would be appreicated


Last edited by mikusha; May 1st, 2012 at 09:40 PM.
 
  #174 (permalink)
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Deucalion View Post
IQM's High IQPro is not bad. A better "stone" for sharpening the WM (it claims to target Gf, I don't agree with that since Jaeggi's original study already made a disclaimer about targeting Gf indirectly), but a stone nevertheless. All these games try to help you remember "more" things. Rudimentary English is required. And hope that it sticks...crudely speaking. Very inelegant.

So my reco is none of them. Instead I found the toy that I prefer....and it's Merzinch's Posit Science. More elegant. Does it work?...I believe it does.....quality over quantity......more sensory.

Brain Training Exercises & Program Goals | Posit Science

As for positive effects, my renewed test revealed minor changes only with IQM - so either my brain is hopeless, or already optimised for these plebeian games. Can't improve perfect...

Video: InSight Brian Fitness

Let me add - at the very least their blog is an illuminating bookmark on my browser....Posit Science Blog - Brain Fitness & Brain Training | Posit Science Corporation

Thanks! One thing is improving a well-functioning brain, another is to try to prevent mental decline. I'm primarily interested in the latter. Just doing simple stuff like mental arithmetic, or trying to remember, after glancing for less then a second, the license plate, both forwards and backwards of each car that pass by while driving. I also enjoyed arriving in a new city, studying a map in my hotel room and then take a taxi to somewhere deep in the "jungle". It's fun trying to find one's way home. Even more fun if there's a few bars on the way. Thankfully a few beer doesn't hurt:
Creative Problem Solving: Forget the Focus

Neurotechnology | High Resolution EEG | Neuroimaging

I'll check out the Posit blog later!

@Anagami Still waiting for your thoughts on the matter. Are you still doing Dual N-Back?

 
  #175 (permalink)
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mikusha View Post
This pretty much describes me, but in regards to poker. Hence why I'm here trying to learn a new field

OK. I used to play a little poker, but my focus was mainly on sports betting before I switched to trading. I like playing live, but I prefer trading to playing poker on the internet.

Fair enough. Perhaps I can ask some things and you can just respond how you want..

I'm not making any promises, but generally it doesn't hurt to ask.

I've done a fair amount of reading. I struggle to find anything worthwhile. At the same time, who am I to decide what is worthwhile? Its just that nothing I find can provide me with a foothold to grab onto and form a base for trading the market.

Yes, I get what you're saying. Most of what is out there is junk written by salesmen who never managed to trade.

In past posts, both you and Fat Tails have recommended learning the structure of the markets instead of reading worthless TA material. The ONLY thing that has made sense to me that I've read so far is this pdf: Larry Harris - Winners and Losers of the Zero Sum Game (gonna move onto the Market Microstructure book next). Probably because of my poker background, it just makes sense to me to look at things from an exploitive point of view. Who am I exploiting? Where does the money come from?

So the pdf was very interesting explaining the different types of participants and what their goals in the market is. However, I'm still finding it difficult to use this information to put together a trading plan. The stuff about price/volume relationship, reading the tape and the dom, that has made the most sense to me. But when it comes time to define entries or interpret the structure of the market and which is more likely long/short, I find all the information about the participants kinda goes out the window.

Any guidance would be appreicated

Yes, Harris has written some good stuff. It's important to think about these things, but not necessarily easy to put into practice. There are several approaches to trading. My trading is mainly based on getting a read on the market and only trade when truly feel that it's worth it. People trade too much. Trade less and try to ride the winners for what their worth. Get out quickly if it doesn't work out. As you are a gambler, try to find a pdf of this book: Amazon.com: Secrets of Professional Turf Betting (9780685137529): Bacon: Books

I also included a collection of articles by Toby Crabel. That's a decent place to start.

Just to clarify, I'm not revealing anything about how I trade or claim that the specifics of the material is any good. But I think it might be a better place to start than all of the standard TA mumbo jumbo.

I started by reading this: Amazon.com: CBOT Handbook of Futures and Options (9780071457514): Cbot: Books , but it is now better to read this: Amazon.com: The CME Group Risk Management Handbook: Products and Applications (Wiley Finance) (9780470137710): CME Group, John W. Labuszewski, John E. Nyhoff, Richard Co, Paul E. Peterson, Leo Melamed: Books

I only read a book on balance sheet analysis and one about macroeconomics when I first started. Then I read Klarman's "Margin of Safety". Later I enjoyed reading some of the old books from the early 1900s -- mostly for historical reasons. Jesse Livermore's original 1940 "How I Trade In Stocks" truly captures the essence of being a speculator.

I find great parallels between sports/horse betting and trading. Ziemba has written a lot of stuff that applies to all speculative ventures, but his stuff requires some mathematical knowledge.

Also try to find Mark Fishers seminars. They have been posted before, and maybe a kind soul will reupload them. I'm not sure where I have my copies, but I'm pretty certain @Fat Tails or @mfbreakout have them available. I challenge them to give something back to the community. Especially @Fat Tails! He has always tried his best to avoid helping people...

Attached Thumbnails
Scattered thoughts...-trading-stocks-commodities-toby-crabel-orb-articles.pdf  
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  #176 (permalink)
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Lornz View Post
I find great parallels between sports/horse betting and trading. Ziemba has written a lot of stuff that applies to all speculative ventures, but his stuff requires some mathematical knowledge.

Also try to find Mark Fishers seminars. They have been posted before, and maybe a kind soul will reupload them. I'm not sure where I have my copies, but I'm pretty certain @Fat Tails or @mfbreakout have them available.

No I don't. I have only worked through his book "The Logical Trader".


Yes, there are parallels between trading and gambling. I recently bought an interesting book, think it was recommended by Edward O. Thorp, requires a bit of mathematics. Have only started to read it, too early to make a substantial comment, but I really like it.

Amazon.com: The Theory of Gambling and Statistical Logic, Second Edition (9780123749406): Richard A. Epstein: Books


Lornz View Post
I challenge them to give something back to the community. Especially @Fat Tails! He has always tried his best to avoid helping people...

Do you really think that self-declared speculators and philosophers can have any impact on my well-being?

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  #177 (permalink)
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Fat Tails View Post
No I don't. I have only worked through his book "The Logical Trader".

Hmm, now you made me do a search for the post: https://futures.io/traders-hideout/6742-acd-trading-mark-fisher.html#post82348 . I guess I assumed this meant that you downloaded them. I apologize for the faulty inference.

Yes, there are parallels between trading and gambling. I recently bought an interesting book, think it was recommended by Edward O. Thorp, requires a bit of mathematics. Have only started to read it, too early to make a substantial comment, but I really like it.

Amazon.com: The Theory of Gambling and Statistical Logic, Second Edition (9780123749406): Richard A. Epstein: Books

Thanks, I'll check it out. I have a great deal of respect for Mr. Thorp. I've posted it a few times before, but he has put up all (?) of his articles and books on his website: Edward O. Thorp . Like I mentioned in my post, Ziemba's work (Publications and Book Chapters) is excellent. I've been trying to hunt down all his old books and articles, but my collection is incomplete. If anyone reading this thread has some of the rarities, please inform me promptly! Parimutuel betting is my hobby...

Do you really think that self-declared speculators and philosophers can have any impact on my well-being?

Not the slightest! I still wanted to pay you a compliment, though!

Please write a review of the book when you're done....

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  #178 (permalink)
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Lornz View Post
Thanks! One thing is improving a well-functioning brain, another is to try to prevent mental decline. I'm primarily interested in the latter. Just doing simple stuff like mental arithmetic, or trying to remember, after glancing for less then a second, the license plate, both forwards and backwards of each car that pass by while driving. I also enjoyed arriving in a new city, studying a map in my hotel room and then take a taxi to somewhere deep in the "jungle". It's fun trying to find one's way home. Even more fun if there's a few bars on the way. Thankfully a few beer doesn't hurt:
Creative Problem Solving: Forget the Focus

Neurotechnology | High Resolution EEG | Neuroimaging

I'll check out the Posit blog later!

@Anagami Still waiting for your thoughts on the matter. Are you still doing Dual N-Back?

Hey @Lornz,

still doing N-backing.

After Dual 3B, I graduated myself to Triple 3B... which proved to be tough and I dropped back down as I felt it wasn't optimal training. So I'm back at Dual 3B, though I feel I mastered that one (around 90% hit rate when I concentrate hard)... not sure if I should go to Triple 3B or Dual 4B next. I'll probably try triple again as I'm interested in improving my 'width' thinking rather than 'length'.

The interesting part is the effects.

Dreams are quite vivid, I remember them in detail... which I find annoying when I wake up in the morning. Instead of being happily oblivious about my subconscious issues, I am now aware. Probably good for me. Also, sometimes I dream in bright colors now and remember numbers in my dreams (4 8 15 16 23 42 ).

Huge improvements in short term memory. I casually glance at license plates while driving and remember them effortlessly days later. As for IQ I'm not sure. I'll do a test after a few months of practice and see if there's some points gain (typically, I've read people reporting 5-10 point gains).

Will post an update in a couple of weeks again.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #179 (permalink)
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Speaking of creating thinking... most people reading this thread would likely enjoy:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


The book is all about 'out of the box' thinking processes. Useful and entertaining.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
 
  #180 (permalink)
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Many parallels between trading and gambling. I have done a little bit of research on sports betting, and they are very close as well. Especially since most of the real winners (sharps) at sports betting have extensive models which they've backtested. These are the 'value investors' who pounce on bad lines that the books offer. You have steam-chasers who basically wait for those sharps to move the lines, and then look for a bookie that is slow to update his in line with the broad market. Those players are the 'front runners'. You have arbers who keep money on all books. You have traders who buy/sell odds on betting exchanges. Its interesting because I just got into sports betting maybe 6 months ago but I'm glad I did, because it helps me make comparisons with trading.

thanks for the links, I'll check them out.


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