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Advised #15: Hello lovely, amateur trader
Many points of contention remain between an amateur entry into trading and a professional trader’s entry.
My trading circle reminds me of the high stakes arena of early world war II fighter pilot forces. Those with the best, eccentric and daring method (and machine) won leagues above untrained, fellow pilots.
Character, fortitude, skills, education are not what results are produced from in this business.
For instance, even though its easy to enter with discount brokerages and cheap option products available to the amateur, it is not enough.
This business is something that is usually not available to amateurs unless they have a nest egg or a main income of support at least thats what I see from traders around town.
For the large majority, scraping by at low levels of capital is only a thing that can be done by amateurs with a system that has a positive expectancy combined with Livermorelike discipline.
It wasn't until the 70s (JM Hurst) was the market analyzed in the interest of amateurs and actual, scientifically designed rulesets and a way to trade with visual and clear principles, set up for amateurs. Those with low levels of capital could now easily trade due to this new information from their home office.
As with history, sometimes its difficult to maintain a legacy and things disappear very easily.
But things dont die easily when they’re great… and it wasn't until the early 2010s was the information now rediscovered and made available to amateur traders in the AGE OF THE INTERNET.
Might ask yourself what is this and how difficult is it to learn and can YOU do it?
The answer is yes and as with every great thing that's been invented by man it is actually useful for everyone. Only can something so great meet that need of utility to everyone.
Personally I've talked and demonstrated these principles and rule sets several times to people of great knowledge power and capitalization.
Responses have been meek. I used to get pissed at the nonchalance taken to these principles Ive used to gain freedom for myself and many other people. But then I just realized something and it's just the way it is with this industry. Relative nonchalance taken by professionals that find my information was and is not due to any fallacy… but it's just psychology related, and if I know traders, its STATUS related.
So if you see me approach you whether you're a professional or an amateur and I try to describe these rule sets and principles to you, I have to contend with two things: the status that I reflect on to you and the utility of what I'm talking about.
So who do you think is more receptive of this reflection of status and of the utility that I'm presenting?
Amateurs are receptive. Only (vast majority) those traders that can feel a good reflection of status and the utility of what I'm presenting will follow me and take action.
And I believe this is because another thing usually hurts traders.
Various types of bias.
Not all traders have the same background as me. Im aware.
But the thing to remember for professionals that read my blog is that you were once a beginner or amateur as well. And it's quite possible that you picked the wrong methodology and that you should review your trades to see if you get the clarity and understanding that I get as I speak to you on this blog. NOT PERFORMANCE. Its not the metric I used to create my mission statement here.
Mission: Clarity and Understanding Are Everything in Life and Trading
A few questions for professionals
Do you actually get this clarity and understanding in your daily method?
Can you find short to long-term trends and see them develop in real time, and quantify them, get entries, exits, targets, stops and backup plans, etc?
And can you do that for across all markets using a general rule set and with exacting principles?
Time will tell.
So for now I speak to the amateur and frustrated trader.
Allow me to tell you something.
It's going to be the most emotionally liberating as well as thought provoking experience when your clarity and understanding does as I mentioned before and increases leaps and bounds over that of your professional and macro friends. Those that you used to follow will not be able to keep up with your level of clarity and understanding. And it is you who is the lucky one in the end and in not too much more time from NOW, you're performance will tell the tale.
And for all readers regardless of financial caste… your clarity and understanding is here. Right now. Its just us. Its gonna be great. Join the movement of cyclical trading.