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Dump it Here

Discussion in 'Beginner's Lounge' started by Skate, Dec 17, 2018.

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. Skate

    Skate

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    The Mind Map-Phases of personalities.
    Please remember we are talking about adult personalities, I use different ages so you can have a better understanding, it difficult for me to write about a complex subject & put it in a few words to keep you interested.

    Takeaway
    You will find this subject matter dull & totally boring or fascinated just like me

    1. The Amoral Phase.
    We all begin life as infants and because the behaviour of infants is neither moral nor immoral, we call this the Amoral Phase.

    Skate.
     
  2. Skate

    Skate

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    2. The Ego Phase.
    Infants move into this phase when they discover that they are individuals, unique and separate from their parents. In it, children perceive themselves as the centre of the universe and all other people are placed in their life to serve them.

    Skate.
     
  3. Skate

    Skate

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    3. The Pleaser Phase.
    At some point early in life, the mind learns that not only is it a separate ego, but that there are other egos in the world. Survival appears to depend on pleasing others. The common characteristic of this phase is the desire to please others. Your best approach with Pleasers is to be friendly, take a real interest in them and be somewhat assertive, since Pleasers tend to put off making decisions.

    Skate.
     
  4. Skate

    Skate

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    4. The Authority Phase.
    Characterised by its need for rules, in the teen years we realise that not only are we individual egos and that there are other egos, but that there are whole systems or groups of egos we belong to. The maturing mind now seeks the right way to do everything. Authority Phase people are not satisfied for very long because they've relinquished responsibility for their actions and relationships, turning them over to the experts.

    Skate.
     
  5. tech/a

    tech/a No Ordinary Duck

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    I was surprised myself.
    My main criteria was I wanted white with Black leather trim.
    There was only one and it was at the Car show in Adelaide and it was the Supercharged Race version.
    I wasn't fussed about a Supercharged race version. I could have another one in the same time 3 mths if I ordered it
    But then came the chance to take the Puppy home.
    I was happy now with this version.
    Retail with all the bells and whistles was $147k
    I really didn't have a figure as the Diesel version I wanted was $88k

    They wanted to keep the R version till Xmas as it was the only one in SA.
    So it was then a demo vehicle so $20K straight off.
    There was haggle over the trade in and managed another $10k on that.
    Then battering until I came up with a figure that equaled to amount I had
    add to the trade on to do the deal. Total $108k---Done!

    If It wasn't for that Phone call I doubt they would have done the deal and I
    doubt I would now be driving it. Time / Place / and Opportunity.

    They could now say to those who took it out and wanted it---sorry sir its sold
    but you can order one it will be 3 mths.
    They have sold a few I've seen at least 5 in Adelaide.

     
  6. Skate

    Skate

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    5. The Principle Phase.
    Around thirty something, usually after having been involved in a stable relationship, we may start to recognise that there are certain fundamentals that make life work, something more basic than rules. Once a mind can understand systems of rules and laws at the Authority Phase, it can begin to discern the more fundamental principles by which life functions. The general characteristics of the Principle Phase can be summed up in three words: fair, care and share.

    Skate.
     
  7. Skate

    Skate

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    6. The Responsible Phase.
    At some point, usually later in life, we finally recognise the inescapable truth of cause and effect, that everything that we've ever done, everything that we know, everything that we have, is the direct consequence of the choices we've made during our lifetime. The mind that is able to apply principles on a responsible basis enters the Responsible Phase. At this phase we accept accountability for our actions and outcomes. Our achievements are no longer attributed to conditions of birth, bad luck, or our parents' strengths or weakness.

    Skate.
     
  8. Skate

    Skate

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    7. The Universal Phase.
    The next phase is that of those who have mastered life and represents the Universal Mind. Nearly everyone has experienced this phase at least once. This is you at your highest potential, fully integrating both your logical and creative mind, integrating yourself with others and integrating the mental, physical and spiritual realms of experiences. The general characteristics of the Universal Phase are freedom and empowerment. This person maximises freedom for everyone by living and teaching correct principles and then allowing others to govern their own lives and handles their own responsibilities.

    Skate.
     
  9. Skate

    Skate

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    What Phase should I project ?
    Strive to operate out of the highest possible phases but have the flexibility to adapt to any one of 7 phases. Adapting the correct Phase enables you to dance to the music being played.

    I start with the Principle Phase
    I base all relationships on the ‘Principle Phase’, this Phase demonstrates leadership and it instills confidence in the mind of others. They will like you, trust you and want to talk & listen to you, because of who you are.

    You get to pick
    If you have the ability to pick which Phase at any given time will allow you to fine tune your conversation to cater to their phase. When you can connect to their Phase it allows you to form a person-to-person relationship with them.

    Very IMPORTANT
    I can’t stress this enough, sell yourself first.

    Skate.
     
  10. Skate

    Skate

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    First Rule
    The first rule is to sell yourself. If you do not like meeting people and learning what makes them tick, what I’ve just post might not be for you.

    Correct techniques
    With the correct techniques you will have a positive effect on people and receive an increased sense of achievement and control over any conversation.

    Skate.
     
  11. Skate

    Skate

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    Knowledge helps
    A knowledge of psychology helps. Remember everyone is different, the same person is different at 9.00 a.m. & at lunch, over a drink, cold sober, or talking about work or trading, on a Monday morning after a weekend with in-laws or on Friday after the markets close, or thinking about that holiday trip to Sydney on the Australian Day long weekend.

    This is the fascination of people & their phase changes with them depending on their mood or emotional state.

    Skate.
     
  12. Skate

    Skate

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    Reaction
    A persons reaction is driven by their perception, this is the most powerful statement I can pass on to any forum member. People are motivated to respond to you by their emotions. Always keep in mind that people are emotional critters.

    Dance to the music being played
    Get in sync with them quickly the rest is smooth sailing.

    Skate.
     
  13. Skate

    Skate

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    Fact (a timely reminder for the Australian Day long weekend)
    I want to post about a substance that is responsible for so many deaths each year in Australia.

    DHMO
    Dihydrogen Monoxide (DHMO) is dangerous if ingested in large quantities or not used correctly, it’s colourless and odourless chemical compound & it’s found everywhere.

    If you come in contact with it use these 3 rules to keep you safe
    (1) Use common sense.
    (2) Exercise caution when there is the potential for accidental inhalation or ingestion of DHMO.
    (3) Don't panic, do everything possible to keep your family safe around it.

    Chemical name
    The chemical name for water is "Dihydrogen Monoxide" (DHMO), and listing some of water's well known effects in a particularly alarming manner, such as accelerating corrosion and causing suffocation, fool most people into thinking the substance should be banned.

    Little understanding
    There are some words we have little understanding of & another word is "conditioning"

    Skate.
     
  14. Skate

    Skate

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    Now that I've got that off my chest.
    I've had my rant & now feeling much better, so lets talk about system development from my perspective.

    Instrumental in my system development
    I want to talk about 3 people who have been instrumental in my system development. Their methods formed the way I think & trade.

    1. Richard Donchian
    2. Nicolas Darvas
    3. John Bollinger

    All these guys were Trend Followers a theory I can associate with.

    Skate.
     
  15. Skate

    Skate

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    1. Richard Donchian (Donchian channels)

    Donchian channel breakout strategy

    I've traded a Donchian channel breakout strategy for a year with success. I no longer trade the Donchian Breakout strategy (not that's it's not a good strategy) it just didn't make the cut for my Hybrid Strategy.

    3 of my best
    My Hybrid strategy is a combination of 3 of my best strategies. I have 6 good trading strategies all highly correlated & I've traded them all at the same time a few years back, but with a series of highly correlation systems you tend to get the same signals just weeks apart.

    His rules were surprisingly simple
    1. Buy when the current price exceeds the highs of the previous four full calendar weeks.
    2. Exit when the current price falls below the lows of the previous four full calendar weeks.

    Simplicity
    It's a very simple strategy with a twist, that no longer works with standard settings. Also the strategy has been traded to death, the edge is gone.

    Out the box
    # The theory is still good but to trade it successfully you need "out the box" parameters.

    Stock standard moving averages
    Many traders have used the 5 and 20 day moving averages & it's not known why, however they do relate to the number of trading days in a week and a month, respectively.

    Volatility
    Richard Donchian idea was to use a volatility relative to the 20 day moving average, but with some added parameters. The 5 day moving average serves as a sell.

    Conclusion
    Richard Donchian was a true pioneer of technical analysis. The fact that the trading methods he developed form the basis of so many trading methods used today is an excellent indication of the value of his method.

    Skate
     
  16. explod

    explod explod

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    Skate likes this.
  17. Skate

    Skate

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    Some Graphics to explain why the Donchian channel breakout strategy didn't make the cut.

    Compare the results to my Hybrid Strategy posted on 17th January 2019 Post #871
    https://www.aussiestockforums.com/threads/dump-it-here.34425/page-88

    Hypothetical ONLY
    The graphic in the post are hypothetical ONLY for comparison purposes.
    The backtest dates are 1st July 2017 to 30th June 2018 (2017/18 FY)

    Actual Trading Result (next post)
    I traded Donchian channel breakout strategy from July 2015 to June 2016, which I'll post as well (so you can see how I went)

    Donchian channel breakout strategy
    I've traded a Donchian channel breakout strategy for a year with success. I no longer trade the Donchian Breakout strategy (not that's it's not a good strategy) it just didn't make the cut for my Hybrid Strategy.

    Hypothetical Trades ONLY

    Top Half of the Donchian Strategy 2017-2018 FY results Capture.JPG
    Bottom Half of the Donchian Strategy 2017-2018 FY results Capture.JPG
    Donchian 2017-2018 Portfolio Equity Capture.JPG

    Dochian Underwater Equity and Profit Table Capture.JPG

    Donchian 2017-2018 Monte Carlo Capture.JPG

    Skate.
     
    tyson2710, JimmyJames80 and willy1111 like this.
  18. Skate

    Skate

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    These graphics are my "Actual Trading Result" 2015-2016 FY

    I traded Donchian channel breakout strategy from 1st July 2015 to 30th June 2016, posted below (so you can see how I went)

    Donchian channel breakout strategy
    I've traded a Donchian channel breakout strategy for a year with success. I no longer trade the Donchian Breakout strategy (not that's it's not a good strategy) it just didn't make the cut for my Hybrid Strategy.

    Actual Trading

    Top Half of the Donchian Strategy 2015-2016 FY results Capture.JPG

    Bottom Half of the Donchian Strategy 2015-2016 FY results Capture.JPG

    Donchian 2015-2016 Portfolio Equity Capture.JPG

    Dochian 2015-2016 Underwater Equity and Profit Table Capture.JPG

    Donchian 2015-2016 Monte Carlo Capture.JPG

    Skate.
     
  19. Skate

    Skate

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    explod, after reading that exhaustive post, I failed to make the connection how "the-end-of-the-era-of-endings" article can be linked to any trading strategy let alone how you will link the article to your own intuitive approach to investing.

    I'm intrigued, you have aroused my curiosity, I look forward with interest to your post.

    Skate.
     
    tyson2710 and JimmyJames80 like this.
  20. Wyatt

    Wyatt

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    Hi Skate,

    Thanks for a getting back to trading. Some of that other stuff is a little too esoteric for me.
    And yes FY15-16 was a magic year for trend followers, I have my own hypothetical backtest to confirm this.

    15-16FY.png
    15-16FYMAE-MFE.png
    The bottom 2 graphs tell the story of cutting losses after giving the stock every chance of proving it's worth and letting winners run.
     
    willy1111 likes this.
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