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Help with trading

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Blaz

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9 July 2013
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I am new to trading and have not much knowledge on it so I am offering to pay anyone who is willing to teach me how to trade and help me use commsec. If anyone's interested please contact blake.boothby1@gmail.com

I can pay via bank transfer or PayPal.
 
How would you plan to assess the usefulness of any replies you might receive?
 

Ay Blaz,

Feel free to ask any questions about commsec and al be glad to help....

U can keep ur money
 
Blaz, don't open yourself up like that to sharks. CommSec is easy to learn and any question you have can be answered here.

As for learning to trade, that's a long process and before you spend big bucks on someone at least learn the basics by reading some books and the many free resources all over the Internet.
 
Where is GB he finally might be able to make some money out of the markets.


 
Julia said:
How would you plan to assess the usefulness of any replies you might receive?
Click to expand...

Thanks for commenting. I would make sure first that the replies and questions I ask are relevant to what I want to know
 
Blaz said:
Thanks for commenting. I would make sure first that the replies and questions I ask are relevant to what I want to know
Click to expand...

Before you pay anyone anything, you will need to learn about yourself.

Are you an investor or a trader (or a speculator/prospector/gambler)?
Commsec is so expensive, I assume you're not a day trader.

What about your aversion or otherwise to risk?

That is just some of the stuff you need to get sorted before you pay for assistance.
 
It is same thing like a normal shopkeeper sell valuable goods to the customer, In my opinion trading is very simple and it is learn through daily lifestyle examples as what we look everyday.

there are many websites and quotes that guide how to become a good trader especially i would recognize to go with the Forex.
 
Gringotts Bank said:
There are clues in the recording that he likes to make things sound more complicated than they really are. This desire to make things sound complicated is probably one of the most pervasive and crap aspects of forums/education.
Click to expand...
1. Basically, one bets on the price going up or down.
2. One wants to 'identify' an entry point which is supposedly not random (personal probability belief) with following price moving in their favour.
3. The variables are position size, time in trade and amount willing to win, lose or draw.

Is it that simple?
 

I guess so. Depends what you're defining there.

When it comes to individuals, the most reliable indicator of future performance is past performance. In year 7, the kid who was dux in maths was still getting high grades in year 12, right? And the kid who struggled in year 7 still struggled years later, despite all that expensive tutoring, right? Same with sport. Same with artistic pursuits, music ... everything.

As a prop shop you couldn't get more basic than to say "Ok everyone, just start. Do whatever you like, but if you lose too much we will let you go". Talent will emerge naturally. On rare occasions, if someone manages to change his mindset, he might go from zero to hero.
 
As an employer I would not be employing the wrong mindset. If during probation the employee exhibits the talent required then the relationship will continue. Some of them make it. It goes without saying the right mindset is important. Everyone needs it to function in life and we all have great variations in ability. Like the dude said it is like a sporting competition. You do what it is required to win.
 
Wow

You guys really think that's how it works!
 
tech/a said:
Wow

You guys really think that's how it works!
Click to expand...
As a leader, boss or educator, you can transfer confidence, support and encouragement, but you can't teach anything. It's up to the student/employee himself, and past performance is always the best predictor of future performance. Even if you just ran a probabtion period for a week, you'd know all you need to know about who will succeed.

The guy who will become successful will be relaxed, engaged and having fun. The guy who will never succeed will be frustrated, saying things like "In every trade I did exactly what you said, but it went against me!". The second guy thinks it's all about following process. The first guy knows that things work out when you're confident, loose and enjoying the process.
 
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This is pretty much it. The boss gives them the tools too, lightening fast execution, great work environment, state of the art platforms. then they guide you, but its up to the trader to find thier own way, find and develop thier edge through identifying and trading plays. Keeping whats good, chucking what isn't. They usually know fairly quickly...
 

You're happy with this statement? "In every trade I did exactly what you said, but it went against me!". What I'm saying here is that edge/system/process really doesn't matter that much, perhaps at all. The student who makes such a statement is providing proof that success cannot possibly be about the edge/system/process, otherwise he would have profited. These are the sort of students who infuriate guys like Bellafiore, because they follow all the rules to the letter and it still doesn't work. In the end, such students cause the 'educators' to throw up their hands and say "oh... I don't know!", and it's true... they don't know.

In reality, if someone can consistently make money without risking too much, then he increases size. That's all. They make money if they have the right mindset.
 
i was agreeing with you....
 
So mindset and attitude can’t be taught/altered?

Better tell Anthony Robins
 
tech/a said:
So mindset and attitude can’t be taught/altered?

Better tell Anthony Robins
Click to expand...
I have Unlimited Power by Robbins. When I got to the NLP part I stopped reading and the book now sits in a box in the garage like a captive voodoo doll. Something about manipulating people that did not sit well with me at all. Add the part of modelling people and before you know it you are studying, mocking and faking other people.
 
tech/a said:
So mindset and attitude can’t be taught/altered?

Better tell Anthony Robins
Click to expand...

It's possible but difficult for the following reasons:

  • our beliefs provide us with a sense of identity, and identity is inextricably linked to our sense of worth and safety. So we don't allow belief change easily. Plenty of examples in the political threads.
  • In the case where someone is skilled at hypnosis, enormous change can be affected very rapidly, but there tends to be a price to pay in some cases, and it relates to the above point. It's rarely a positive thing to change someone's beliefs unless you go really deep and even then there's risks. The things we say we want in life often have other fears attached to them of which we are unaware. This the cause of self-sabotage in trading.
  • Lasting change is about releasing the negative. This is hard slog and involves skill. It's a very straightforward process but it's still hard to do. I only know a few guys who can do it well (not Robbins. imo, Robbins is a well-intentioned cheerleader with a big voice).
Here's an example of a well known person [Howie] with a well known health complaint [OCD], who wants to hang on to his illness. Now you'd think "why would anyone want such a difficulty in life when clearly it's curable?" Then you look under the hood and see the competing drives and motives at play. What the hypnotist does here only needs a few tweaks and Howie would be cured of a life long affliction, but no, he doesn't want a bar of it.

 
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