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Koyaanisqatsi Hototo--wldman out of balance
Started:May 14th, 2012 (07:40 PM) by wldman Views / Replies:49,625 / 695
Last Reply:November 1st, 2016 (03:53 PM) Attachments:53

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Koyaanisqatsi Hototo--wldman out of balance

Old April 16th, 2014, 09:51 AM   #421 (permalink)
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srgtroy View Post
Before you do that, you may want to check out its wikipedia page which states the following:

"On March 1, 2013, following revelations that Lehrer has been caught in numerous falsifications in his œuvre of writings, Houghton Mifflin Harcourt announced the book was taken "off sale" after an internal review."

This, however, is considered a seminal piece of work on the subject.

I found "How We Decide" a great read, the guy can obviously right - just a shame he's a jerk.

Kahneman however is a Nobel prize winner and his book is encyclopedic in comparison to Lehrer's. Plus his writing's OK. I'm on 152 of 450.

I'd be glad to contribute to the "How We Decide" discussion. I've still got my notes on it.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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Old April 16th, 2014, 10:06 AM   #422 (permalink)
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Thanks..

@Adamus

I will purchase the recommended book and read that a couple times as well.

Yeah, I do not know what the allegations are or if they are true but I don't really care. If the content was fiction that does not kill the impact for me...it has to do with interpretation and application. For example, I'm pretty sure this is fiction. I mean the likelyhood of a talking crow? Or a talking fox that can reason with a crow to steal the cheese...unlikely. So the value or moral of the story must not be any good?

Actually the assertion by @srgtroy , especially in public goes a long way consistent with just they type of broadcasting, receiving and gathering, acting that I'm trying to share.


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Old April 16th, 2014, 10:23 AM   #423 (permalink)
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So...


If you apply what Dr. Santos suggests, how would that impact your trading? Study the vid until the answer is a conditioned response...how do you decide...how should you?

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Old April 16th, 2014, 11:13 AM   #424 (permalink)
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What authors like Mark Douglas and Brett Steenbarger say is that you don't try to suppress your loss aversion. You side-step it by framing the trading loss correctly in terms of just a single step in a variable but on average profitable series of trades.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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Old April 16th, 2014, 06:59 PM   #425 (permalink)
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Trades that suck...

Futures Edge on FIO

Are you a NinjaTrader user?

 
Busier than a cat burying shit, but wanted to get some of my weaker efforts into the light of day. I'll try to get back and post the charts and explain the bad discretion or plain foolishness at work against what should have been.

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I hope I can follow up tonight.

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Old April 18th, 2014, 12:48 PM   #426 (permalink)
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Modified Bands

@wldman,

I just wanted to say thanks for sharing the indicator you use and your settings for the modified bands. It's early but I believe it'll help me to refine my entries in conjunction with the squeeze. I'll continue to monitor as time and health permit.

emini

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Koyaanisqatsi Hototo--wldman out of balance-wldman_mod_bands_4-18-14.png  
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Old April 18th, 2014, 01:41 PM   #427 (permalink)
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Hey Man...


eminitrdr View Post
@wldman,

I just wanted to say thanks for sharing the indicator you use and your settings for the modified bands. It's early but I believe it'll help me to refine my entries in conjunction with the squeeze. I'll continue to monitor as time and health permit.

emini

First, be well.

Next, I'll chat it up anytime. Happy to explain my hallucination and the reasons that support it.

Dan

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Old April 19th, 2014, 02:16 PM   #428 (permalink)
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how we decide chapter1

it explain the way we make decisions, the brain have 2 main systems to make decisions,
system1 main functions, emotion, reptil,the system1, fast, automatic, unconcious, retrieve memory, emotion related, and make the decision very fast. it is when we react
in the case of profesionals, like the example of football player, the tv director, baseball player, they resolve the situation and make the decision ,guided for this system.
And the brain have the other main system system 2, analytic, cold, slow, conscious, when we think, we believed we made a rational decision
the profesionals can not wait this slow system to make their decisions
The two systems are related, when we use the first one, we do not know why we have made that decision
when we use the rational system we believed the opposite

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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Old April 19th, 2014, 03:20 PM   #429 (permalink)
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Hey alejo

@alejo

Happy to see you are reading. I hope you are enjoying the book.

Yes, my favorite segment is the one about Tom Brady, the american football quarterback. I am hopeful that you understand that as our "football" is not a part of european culture.

To sumerize what I was hoping for you to understand.

The formulation of our method, all our homework, our reading, our gathering of context, market fundamentals etc. are part of the analytic consciuos side. This is the foundational basis for our beliefs about the market and the trading environment.

Within that "the other side" as you state...is the automatic unconscious side, where trade decisions must become like a conditioned response to what our picture is showing us. Like Tom Brady, I had a conditioned check down based on visual information when I played football. The down and distance, the personel, the formation, the score the time remaining...those all frame up the "slow side" and allowed me to respond to dynamic visual data...just like Tom Brady. This then narrows respons as an automatic response to "conditions". Then if I'd see a player in motion or a change of the formation that further limits the offensive attack and moves me toward my response. Motion, guard, fullback was a primary read for me. If the guard crosses my face I go with him and now have one primary and one secondary read. If you practice that thousands of times, you get into a situation, like Tom Brady, where the process happens faster than the non conditioned persons cognative process. This is a conditioned response and, I believe, what a discretionary trader is trying to accomplish with their trading. Respond in a predetermined way as a conditioned response to emperical stimulus.

Does that make sense?

So like the quarterback we respond based on thousands of hours of practice, to emperical stimulus, a hierarchical or confluence of indicators, with a cognative process that is drilled down to a conditioned response.

Let me know if that american football analogy is something that you can relate to. But what Ive described here is the essence of discretion. Applied well and in a consistent manner, we traders would recognize it as discipline.

Be well friend.

Dan

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Old April 19th, 2014, 04:08 PM   #430 (permalink)
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yes dan you are clear



wldman View Post
@alejo

Happy to see you are reading. I hope you are enjoying the book.

Yes, my favorite segment is the one about Tom Brady, the american football quarterback. I am hopeful that you understand that as our "football" is not a part of european culture.

To sumerize what I was hoping for you to understand.

The formulation of our method, all our homework, our reading, our gathering of context, market fundamentals etc. are part of the analytic consciuos side. This is the foundational basis for our beliefs about the market and the trading environment.

Within that "the other side" as you state...is the automatic unconscious side, where trade decisions must become like a conditioned response to what our picture is showing us. Like Tom Brady, I had a conditioned check down based on visual information when I played football. The down and distance, the personel, the formation, the score the time remaining...those all frame up the "slow side" and allowed me to respond to dynamic visual data...just like Tom Brady. This then narrows respons as an automatic response to "conditions". Then if I'd see a player in motion or a change of the formation that further limits the offensive attack and moves me toward my response. Motion, guard, fullback was a primary read for me. If the guard crosses my face I go with him and now have one primary and one secondary read. If you practice that thousands of times, you get into a situation, like Tom Brady, where the process happens faster than the non conditioned persons cognative process. This is a conditioned response and, I believe, what a discretionary trader is trying to accomplish with their trading. Respond in a predetermined way as a conditioned response to emperical stimulus.

Does that make sense?

So like the quarterback we respond based on thousands of hours of practice, to emperical stimulus, a hierarchical or confluence of indicators, with a cognative process that is drilled down to a conditioned response.

Let me know if that american football analogy is something that you can relate to. But what Ive described here is the essence of discretion. Applied well and in a consistent manner, we traders would recognize it as discipline.

Be well friend.

Dan

yes, it is clear, and i can see the time i need to practice and training

also i think it is hard to accept that, because when we try to hit a ball under pressure or imaging to play lke a pro we realize inmediatly our limitation (phisical, training, body,..), but to click buy mkt it is easier, and the illusion is worse when in one of your first trades go up+9000 in 10 min (by luck of course, and with a assumption of big risk, thinking, oh ...)

also another difficult thing with the training process to "Respond in a predetermined way as a conditioned response to empirical stimulus.", is to try to receive stimulus from 6 screens and 20 charts with a lot of markets
the brain get shocked and crazy , and the multitask kill the focus and the quality of decision

i was thinking, when i watch 1 market, oh, i lost other s opportunities...but at the end i do not get nothing here nothing there

i receive the advice...only one market
i read that recomendation
slow thinking and logical says 1 market

but then how i decide?watch 6 mkt.....impulse and irrational, because i do not want to lose the opportunities,

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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