The smartest thoughts about trading - page 8
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... the price goes both ways at the same time and then the history shows which way it goes ....
to artikul: alas - not easy, because the price goes both ways at the same time and only afterwards you can see on the history which way the price went more intensively
The art of analogies and rats
Losing a business (or losing a business, whatever) is just like any other. The important thing is to be able to grasp the analogies and the mechanics of how to proceed. The following phrase may sound a little blasphemous, but the phases of behaviour are similar, like, say, the loss of a beloved pet. What happens irreparably? We resign ourselves to the fact that we can never get it back. We grieve, and for quite a long time, because it is sincere, and then we decide whether or not to get a new one. We may not lick our hands, wag our tail cheerfully or purr on our laps. We can refuse, and it's our right.
What happens when we lose our keys, for instance. At first we frantically try to find them, wondering where we might have dropped them. But if we don't find them, we become resigned. We realise that we can't get into our car or flat without keys, so we have to make new ones and use them to replace the old ones. It would seem that we have only two types of behaviour after a loss: grieving or swapping. Meanwhile, this difference is not so important. What is important is another: consistency through a) humility and b) change.
This is roughly what Spencer Johnson writes about in his famous book "Where's My Cheese?" in which he tells the parable of the tireless rats and vain little men who lived in an endless labyrinth. In search of cheese, both found their piece, but under the influence of circumstances, it suddenly disappeared: instinctively, the rats, who never gave up work, rushed to search for more, and the little men began to think about what happened, not wanting to accept what happened. The little men spent their last nerve and energy waiting for things to change, but all they did was waste time. In the end, one managed to overcome the fear of new searches and - perhaps - of new disappointments, learned to laugh at himself and eventually found his Piece again. The fate of the obstinate second man remains outside the plot - an open ending for the doubters, if you like.
That said, it's not just the parable itself that's noteworthy in the book, which provides strategies for behaviour along the way, which we'll bring up later. Its second part is noteworthy: the discussion of the story in a circle of abstract friends. This discussion makes it clear that the allegory presented in the book describes any life process consisting of phases of Acquisition/Consumption/Loss/Reaction with a possible outcome in Overcoming. This chain is valid for business, family relationships, creativity, parenting, individual projects. The essence does not change. You can get into a marriage, take it for granted (without engaging in relationship maintenance) and eventually lose happiness in it. Or you can set up a business, stop keeping track of processes and end up losing it.
Without looking at maintenance strategies (as collapse prevention), let's turn to reactions to crisis and loss.
Everyone chooses for himself
Johnson's strategies are three: following his instinct for self-preservation, a highly conservative approach and a strategy for actually overcoming the crisis..........
http://www.cujournal.ru/index.php?option=com_content&view=article&id=210:rise-coup&catid=81:frilans&Itemid=197
As far as I can remember, it's called "flats" - a favourite excuse for catching a moose ))))
No, the moments when the price goes in one direction on all TFs are very rare, but when, for example, M5 goes down, M15 goes up, H4 goes down ... - very often, i.e. in fact on each TF the price goes in different directions in different time intervals
No, the moments when the price goes in one direction on all TFs are very rare, but when, for example, M5 goes down, M15 goes up, H4 goes down... - very often, i.e. in fact on each TF the price goes in different directions in different time intervals
That is why structural analysis of all incoming technical information is so important for successful trading (FA is not considered). And I am convinced that working only with the price is the way to nowhere, it's the way to losses )))
This happens in business: you've been going towards your goal for a long time, happiness more than once was "so-and-so is possible, and so-and-so", but somehow instead of the pinnacle of bliss around the corner there was a failure, if not a total collapse, then definitely a failure. Losing a business, or just losing a job, or having serious financial difficulties is not just a material loss. It is a serious psychological problem from which it can be very difficult to get back on your feet. But you have to get up, if you only knew how.
The art of analogies and rats
Losing a business (or losing a business, it doesn't matter) is just like any other. The important thing is to be able to grasp the analogies and the mechanics of how to proceed. The following phrase may sound a little blasphemous, but the phases of behaviour are similar, like, say, the loss of a beloved pet. What happens irreparably? We resign ourselves to the fact that we can never get it back. We grieve, and for quite a long time, because it is sincere, and then we decide whether or not to get a new one. We may not lick our hands, wag our tail cheerfully or purr on our laps. We can refuse, and it's our right.
What happens when we lose our keys, for instance. At first we frantically try to find them, wondering where we might have dropped them. But if we don't find them, we become resigned. We realise that we won't get into our car or flat without keys, so we have to make new ones and use them to replace the old ones. It would seem that we have only two types of behaviour after a loss: grieving or swapping. Meanwhile, this difference is not so important. What is important is another: consistency through a) humility and b) change.
This is roughly what Spencer Johnson writes about in his famous book "Where's My Cheese?" in which he tells the parable of the tireless rats and vain little men who lived in an endless maze. In search of cheese, both found their piece, but under the influence of circumstances, it suddenly disappeared: instinctively, the rats, who never gave up work, rushed to search for more, and the little men began to think about what happened, not wanting to accept what happened. The little men spent their last nerve and energy waiting for things to change, but all they did was waste time. In the end, one managed to overcome the fear of new searches and - perhaps - of new disappointments, learned to laugh at himself and eventually found his Piece again. The fate of the stubborn second man remains outside the plot - an open ending for the doubters, if you like.
That said, it's not just the parable itself that's noteworthy in the book, which provides strategies for behaviour along the way, which we'll bring up later. Its second part is noteworthy: the discussion of the story in a circle of abstract friends. This discussion makes it clear that the allegory presented in the book describes any life process consisting of phases of Acquisition/Consumption/Loss/Reaction with a possible outcome in Overcoming. This chain is valid for business, family relationships, creativity, parenting, individual projects. The essence does not change. You can get into a marriage, take it for granted (without engaging in relationship maintenance) and eventually lose happiness in it. Or you can set up a business, stop keeping track of processes and end up losing it.
Without looking at maintenance strategies (as collapse prevention), let's turn to reactions to crisis and loss.
Everyone chooses for themselves.
Johnson has three strategies: following his instinct for self-preservation, a highly conservative approach and a strategy for dealing with the crisis itself..........
http://www.cujournal.ru/index.php?option=com_content&view=article&id=210:rise-coup&catid=81:frilans&Itemid=197
Forgive me for writing in this thread, but I am interested in the opinion of the author of this post, where he was the topic-starter in this one - is there an answer and if so, what is it?
P.S. I asked the topic starter there - there was no answer...
Smart thoughts - your thoughts! (tested on a demo account for 3 months, very clever can be tested for 2 months).