NexusFi: Find Your Edge


Home Menu

 





THE GAME


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one zmaj with 207 posts (177 thanks)
    2. looks_two jokertrader with 4 posts (0 thanks)
    3. looks_3 Grantx with 4 posts (6 thanks)
    4. looks_4 IraCira with 2 posts (0 thanks)
      Best Posters
    1. looks_one mmaker with 2 thanks per post
    2. looks_two Grantx with 1.5 thanks per post
    3. looks_3 danielk with 1 thanks per post
    4. looks_4 zmaj with 0.9 thanks per post
    1. trending_up 52,807 views
    2. thumb_up 189 thanks given
    3. group 43 followers
    1. forum 222 posts
    2. attach_file 88 attachments




 
Search this Thread

THE GAME

  #41 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083

Combinations, Push=Pull





Official website for Arnold Schwarzenegger: Film, Fitness, Politics




Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #42 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083

SELF+DISCIPLINE + CONSISTENT EFFORT = BIG RESULTS



https://www.bodybuilding.com/fun/jesse-shand-the-incredible-shrinking-man.html?mcid=youtube_8svuSIYQu74

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #43 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083




https://en.wikipedia.org/wiki/Jemele_Hill

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #44 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083

Freerunning "if i don't overcome, i will not become" Love that.



Home - Sébastien Foucan: the official website | Sébastien Foucan: the official website




https://en.wikipedia.org/wiki/Sébastien_Foucan





[yt]https://www.youtube.com/user/FreerunningTVDotCom[/yt]

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #45 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083



https://en.wikipedia.org/wiki/James_Harris_Simons

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #46 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083




Top 10 Investment Movies & Documentaries - Market Index

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #47 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083

https://www.marketindex.com.au/videos



Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives by Satyajit Das ? Reviews, Discussion, Bookclubs, Lists

https://en.wikipedia.org/wiki/Satyajit_Das

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #48 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083

To identify where i am is the first step on my trading journey.
To identify where i am and where should i be going.






https://en.wikipedia.org/wiki/Elisabeth_Kübler-Ross

https://en.wikipedia.org/wiki/Kübler-Ross_model

https://www.businessballs.com:443/elisabeth_kubler_ross_five_stages_of_grief.htm

https://www.ekrfoundation.org/

Attached Thumbnails
Click image for larger version

Name:	five stages.jpg
Views:	250
Size:	72.5 KB
ID:	212957   Click image for larger version

Name:	denial.jpg
Views:	303
Size:	16.6 KB
ID:	212959   Click image for larger version

Name:	Anger.jpg
Views:	240
Size:	19.3 KB
ID:	212960   Click image for larger version

Name:	Bargaining.jpg
Views:	395
Size:	32.5 KB
ID:	212961   Click image for larger version

Name:	Depression.jpg
Views:	225
Size:	24.7 KB
ID:	212962   Click image for larger version

Name:	Acceptance.jpg
Views:	324
Size:	36.9 KB
ID:	212965  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #49 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083

Self Confidence / Reframing Anxiety



https://100dayswithoutfear.com

Attached Thumbnails
Click image for larger version

Name:	MP.jpg
Views:	347
Size:	28.1 KB
ID:	212981   Click image for larger version

Name:	mfear.jpg
Views:	352
Size:	80.5 KB
ID:	212988  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #50 (permalink)
 
zmaj's Avatar
 zmaj 
Ojai, USA
 
Experience: Advanced
Platform: Abdominal Plank
Trading: Energy
Posts: 770 since Jan 2016
Thanks Given: 472
Thanks Received: 1,083


Shoshin: This Zen Concept Will Help You Stop Being a Slave to Old Beliefs | James Clear

https://en.wikipedia.org/wiki/Shoshin


Shoshin: This Zen Concept Will Help You Stop Being a Slave to Old Beliefs
By James Clear | Life Lessons, Self-Awareness, Self-Improvement
I played baseball for 17 years of my life. During that time, I had many different coaches and I began to notice repeating patterns among them.

Coaches tend to come up through a certain system. New coaches will often land their first job as an assistant coach with their alma mater or a team they played with previously. After a few years, the young coach will move on to their own head coaching job where they tend to replicate the same drills, follow similar practice schedules, and even yell at their players in a similar fashion as the coaches they learned from. People tend to emulate their mentors.

This phenomenon—our tendency to repeat the behavior we are exposed to—extends to nearly everything we learn in life.

Your political or religious beliefs are mostly the result of the system you were raised in. People raised by Catholic families tend to be Catholic. People raised by Muslim families tend to be Muslim. Although you may not agree on every issue, your parents political attitudes tend to shape your political attitudes. The way we approach our day-to-day work and life is largely a result of the system we were trained in and the mentors we had along the way. At some point, we all learned to think from someone else. That’s how knowledge is passed down.

Here’s the hard question: Who is to say that the way you originally learned something is the best way? What if you simply learned one way of doing things, not the way of doing things?

Consider my baseball coaches. Did they actually consider all of the different ways of coaching a team? Or did they simply mimic the methods they had been exposed to? The same could be said of nearly any area in life. Who is to say that the way you originally learned a skill is the best way? Most people think they are experts in a field, but they are really just experts in a particular style.

In this way, we become a slave to our old beliefs without even realizing it. We adopt a philosophy or strategy based on what we have been exposed to without knowing if it’s the optimal way to do things.

Shoshin: The Beginner’s Mind
There is a concept in Zen Buddhism known as shoshin, which means “beginner’s mind.” Shoshin refers to the idea of letting go of your preconceptions and having an attitude of openness when studying a subject.

When you are a true beginner, your mind is empty and open. You’re willing to learn and consider all pieces of information, like a child discovering something for the first time. As you develop knowledge and expertise, however, your mind naturally becomes more closed. You tend to think, “I already know how to do this” and you become less open to new information.

There is a danger that comes with expertise. We tend to block the information that disagrees with what we learned previously and yield to the information that confirms our current approach. We think we are learning, but in reality we are steamrolling through information and conversations, waiting until we hear something that matches up with our current philosophy or previous experience, and cherry-picking information to justify our current behaviors and beliefs. Most people don’t want new information, they want validating information.

The problem is that when you are an expert you actually need to pay more attention, not less. Why? Because when you are already familiar with 98 percent of the information on a topic, you need to listen very carefully to pick up on the remaining 2 percent.

As adults our prior knowledge blocks us from seeing things anew. To quote zen master Shunryo Suzuki, “In the beginner’s mind there are many possibilities, but in the expert’s there are few.”

How to Rediscover Your Beginner’s Mind
Here are a few practical ways to rediscover your beginner’s mind and embrace the concept of shoshin.

Let go of the need to add value. Many people, especially high achievers, have an overwhelming need to provide value to the people around them. On the surface, this sounds like a great thing. But in practice, it can handicap your success because you never have a conversation where you just shut up and listen. If you’re constantly adding value (“You should try this…” or “Let me share something that worked well for me…”) then you kill the ownership that other people feel about their ideas. At the same time, it’s impossible for you to listen to someone else when you’re talking. So, step one is to let go of the need to always contribute. Step back every now and then and just observe and listen. For more on this, read Marshall Goldsmith’s excellent book What Got You Here Won’t Get You There (audiobook).

Let go of the need to win every argument. A few years ago, I read a smart post by Ben Casnocha about becoming less competitive as time goes on. In Ben’s words, “Others don’t need to lose for me to win.” This is a philosophy that fits well with the idea of shoshin. If you’re having a conversation and someone makes a statement that you disagree with, try releasing the urge to correct them. They don’t need to lose the argument for you to win. Letting go of the need to prove a point opens up the possibility for you to learn something new. Approach it from a place of curiosity: Isn’t that interesting. They look at this in a totally different way. Even if you are right and they are wrong, it doesn’t matter. You can walk away satisfied even if you don’t have the last word in every conversation.

Tell me more about that. I have a tendency to talk a lot (see “Providing Too Much Value” above). Every now and then, I’ll challenge myself to stay quiet and pour all of my energy into listening to someone else. My favorite strategy is to ask someone to, “Tell me more about that.” It doesn’t matter what the topic is, I’m simply trying to figure out how things work and open my mind to hearing about the world through someone else’s perspective.

Assume that you are an idiot. In his fantastic book, Fooled by Randomness, Nassim Taleb writes, “I try to remind my group each week that we are all idiots and know nothing, but we have the good fortune of knowing it.” The flaws discussed in this article are simply a product of being human. We all have to learn information from someone and somewhere, so we all have a mentor or a system that guides our thoughts. The key is to realize this influence.

We are all idiots, but if you have the privilege of knowing that, then you can start to let go of your preconceptions and approach life with the openness of a beginner.

Shoshin.



Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on December 7, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts