Dump it Here

[willy1111]

In contrast I have put my entire net worth (Super + All Savings | I own no other assets) into my trend following system and have traded it religiously (no tinkering) for 5.5 years. Consequently, this has resulted in a doubling of my entire net worth and has pushed my retirement age down to 40 (FIRE).

It is mind boggling how much money you can extract from the market as a retail trader, with the right amount of discipline, fortitude and conviction.

I've read your thread numerous times, and your mechanical trend following approach is very much similar to mine and skates.

Maybe you have more conviction than us to commit 100% of your funds to it...but as @Skate has alluded to it is not a competition.

Thank you for sharing both here and in your thread

 

[tech/a]

I like these tools.
Including the guy who uses them.

 

[willy1111]

Finished doing the lawns & surprise 11 messages.

Before I read any of them I'll have a shower & lunch.

Whilst I was doing lawn care (mowing, edging that sort of stuff) I was musing how nice it was to have good tools to do a job giving with excellent results & how could I tie it into trading.

I'm going to post some pictures of my tools & the end result of the mow (I have taken a picture of the clock in the garage so you know the group of pictures are from today)

The Takeaway
You need the right tools whether you are doing the yards or Trading.

Skate.



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Thoughts when I see the pictures...classic profile from the book...a millionaire next door.

In what state do you live @Skate ?

 

[sptrawler]

Finally a study, that explains what traits are required to become wealthy, we have repeated them on this forum endlessly.
https://www.smh.com.au/business/the...wn-to-six-wealth-factors-20190122-p50ste.html

From the text:

• Frugality, or a commitment to saving, spending less and sticking to a budget
• Confidence in financial management, investing and household leadership
• Responsibility, which involves accepting your role in financial outcomes and believing that luck plays little role
• Planning, or setting goals for your financial future
• Focus on seeing tasks through to their completion without being distracted
• Social indifference, or not succumbing to social pressure to buy the latest thing

 

[Skate]

Here's something I've learned about myself as I have gotten older. The greatest (and possibly only) genuine limitation on ourselves and our potential (to be distinguished from artificial limitations we sometimes place on ourselves) is our own inherited temperament and personality. Some people are just not built to be masters of the universe: high powered lawyers, CEOs or politicians etc. We don't have the temperament for it. You cannot fit a proverbial square peg into a round hole. But that doesn't mean we cannot achieve great things within the niches we carve for ourselves that suit our own temperaments and personalities. Even if that just means being a great parent or partner. Sometimes our greatest achievement (or failure) will be the lasting impact we have on those around us.

Members TAG
@Joules MM1 - ...practice perfectly, to make what you do, a perfect expression of yourself.

Sums it up perfectly.

Skate.

 

[Skate]

Thoughts when I see the pictures...classic profile from the book...a millionaire next door.

In what state do you live @Skate ?

I live in NSW
The last 6 years we lived 4 meters off the water, the Boardwalk was between us & the water. (high-rise, complex living) suited us because we were overseas travelling 6 months of the year. (we never experienced a winter for 6 years)

Purchased a house
We moved 6 minutes up the road 13 months ago, now living in a modest home but in an affluent area 20 meters from the water - my wife is happy & that's my primary concern. (I'm the maintenance man again, I now have a deeper appreciation for strata fees)

Internet Speed
No matter where you are these days you can trade from all over the world. Russia has had the slowest internet whereas the internet speed in Copenhagen, Denmark was blistering fast)

Side topic
No matter where I was in the world I could still control any of the stores 'operate their 'Till' pull records, use the computers in either showroom or backoffice - technology is truly amazing (read Nicholas Darvas book & check the comparison)

A great memory
I had a scotch in one hand placing a trade while chatting to 'captain black' overlooking the White Cliffs of Dover (life doesn't get any better than that)

Skate.

 

[Skate]

Interesting interpretation, an alternative interpretation that what seems like a big almost unfathomable goal can appear much more achievable if broken down into simpler smaller processes. A bit like the way you post

A 1000 mile walk is a long long walk that could take a very very long time, but if one was to think all I need to do is take one step, I can do that, and just take another step, I can do that, and keep going until you reach 1000 miles.

To me it is acknowledging that the little things, the 1 percenters, that when put together can achieve something very big and worthwhile.

It is a bit like saying, How do you eat an elephant? - one bite at a time.

A waterfall can start with one drop of water, look what that can turn into.

willy1111, life is like a game of 'Pool' - it not about sinking the ball but lining up the next shot.

Skate.

 

[Gringotts Bank]

Is this what you do skate? Excerpt from The Mind Illuminated.

 

[Skate]

Mans search for meaning - Viktor Fankl.

Things only mean as much as the meaning we choose to attach to them. We all have this power, it may be liberating when one realises such.

willy1111, I believe in Nihilism and we are only remember by two generation. I belief there is no meaningful aspects to life, we are just a lucky animal living in a Goldilocks temperature zone. I've posted below so others can understand my position. All my posts are views that I hold & it differs widely to most)

Nihilism
Nihilism - from the Latin "nihil" = nothing.

Nihilism has many definitions, my philosophical positions suggests that I lack the belief that there is a meaningful aspects to life, meaning I believe that life is without objective meaning, purpose or intrinsic value. Just because we are the top dog in the animal kingdom our life has no higher value or meaning than any other animal in our kingdom.

Skate

 

[Skate]

Tell me more, please

Just for you willy1111, I'll write a short story you might understand - condensing a 4 hour course into a few words will be a challenge, holding your interest will be another but I'll assure you if you get to the end you might learn something. Give me a few minutes.

I'll do the "Holes in the bucket" I'll just shot from the hip & make something up - got it, the idea has just come to me - the story will be about 3 little boys. that will do.

Skate.

 

[Skate]

Just for you willy1111, I'll write a short story you might understand - condensing a 4 hour course into a few words will be a challenge, holding your interest will be another but I'll assure you if you get to the end you might learn something. Give me a few minutes.

I'll do the "Holes in the bucket" I'll just shot from the hip & make something up - got it, the idea has just come to me - the story will be about 3 little boys. that will do.

Skate.

@willy1111, the story I promised

Money Flow
I was reminded about the bucket and water story. The story is about how to make money and how to catch it in a bucket without spilling a drop. The example I’m using is filling a bucket with water (the water is the money flow and the bucket used to catch it) and the holes are the expenses which the money could leak out making filling the bucket so much harder.

Unavoidable expenses
Some holes are unavoidable as they represent fixed expenses of which none of us can control but the other holes are the ones we put in the bucket that represented our expense or spending’s and these holes are controllable. It's up to us how many holes we punched in the bucket as well as the size of those holes.

How long
The more holes and the size of those holes would determine how long it would take to fill the money bucket.

Here is a story
A Dad has 3 little boys & they said to their Dad “how do you make money in business dad ?”

I took them out the back & grabbed a plastic bucket (the Till) I use to wash the car & the hose is where the water (money) comes from.

I went on to explain making money is easy, it’s only takes a few steps

How
Turn the tap on & let the water (money) flow into the bucket (the Till) its that easy.

Eldest boy
My eldest boy said that’s simple enough, let me have a go (okay I said)
He went over turned the tap on to fill the bucket but the force of the water tipped over the empty bucket (analogy – not successful he just blew over the business)

Middle boy
My middle boy learnt from his brothers experience, he grabbed the hose & placed it over the middle of the bucket & told his brother to turn on the tap when he was in position. The water hit the bottom of the bucket with so much force we all got sprayed (analogy – not successful we all got splashed, the business got splashed)

Youngest son
Next it was my youngest son turn, learning from his brothers he said “DAD, SHOW ME HOW”

How its done
I removed the hose from the tap & the tap seal wasn’t the best, when closed tight the tap had a slight drip, good enough for the demonstration. I placed the bucket under the tap & let the bucket catch every drip.

That will take ages
The eldest boy said “that will take ages to fill the bucket” I said "don’t worry we are in no hurry, it's more important that we catch EVERY drip"

34 Years
One of my businesses has been in business continuously for 34 years come August, so we must be doing something right.

Important
It doesn’t matter how long it takes to fill the bucket. What's more important is how many holes we poke in the bucket taking care not to make those holes too large.

Skate.

 

[$20shoes]

@Joules MM1, I've created an eBook & posted a link if you are interested in a copy. It was much easier to reformat the posts & place them in a book form.

Thanks for the idea.

Skate.

Really nice compendium, Skate. I'll have a good read over the weekend.

 

[Skate]

Is this what you do skate? Excerpt from The Mind Illuminated.

Gringotts Bank, that's not exactly deeper level mindfulness, but the words in the photo tries to explain mindfulness to someone who has never heard the word before.

Mindfulness
Mindfulness is blocking everything out around you - it's the period between being awake, alert & clearing the mind, bordering on being in a trance state but being totally conscience.

An exercise
Easy exercise, close you eyes and look at your eyelids, then move your focal point & focus on the front of your eyeball, notice the lubrication floating on the eyeball, concentrate on the air bubbles, than manipulate the air bubbles, move them around, it involves heavy concentration.

Uncomfortable
Your mind will not like this state, it prefers having full control, your mind makes you a time traveler, this state is uncomfortable for your conscience state - once you can do this you are in the state of mindfulness.

Example
When you are reading a book, the mind is not comfortable with heavy concentration so it does everything to stop you from reading, trading books take a deep level of concentration, the mind will wander making you think into the future or back into the past (you mind is a time traveler).

Nothing state
Mindfulness is a "nothing state" something your mind can't cope with, that's the reason why you have to stop reading & go back & start reading all over again. Your mind has to be either side of nothing (never stationary)

Why again ?
You have to stop reading & go back over it again all because your mind took over and gave you "mental images" of the past or of the future it broke your consciousnesses. People don't believe you can control your heartbeat or your mind as its a inbuilt involuntary response, we don't even have to remember to breath - but we can control that, everyone knows that.

Mind get confused
By blocking the mind it get confused & projects memories "visual memories" that you can see displayed on the back of your eyelid (to break your mindfulness getting you back into consciousness. Once the mind breaks conscientiousness the mind has done its job taking you back over. (the mind never stops, even when you are sleeping)

An Explanation you may understand
Remember the craze where you purchase books that had images in them (out of focus) & to see the image you had to shift your focal point, some people can't do straight away but with practice you drop into the image easily. People can't see the picture till its explained to them how to do it .

Skate.

 

[willy1111]

I live in NSW
The last 6 years we lived 4 meters off the water, the Boardwalk was between us & the water. (high-rise, complex living) suited us because we were overseas travelling 6 months of the year. (we never experienced a winter for 6 years)

Purchased a house
We moved 6 minutes up the road 13 months ago, now living in a modest home but in an affluent area 20 meters from the water - my wife is happy & that's my primary concern. (I'm the maintenance man again, I now have a deeper appreciation for strata fees)

A great memory
I had a scotch in one hand placing a trade while chatting to 'captain black' overlooking the White Cliffs of Dover (life doesn't get any better than that)

Skate.

It's nice to be close to water

And one of the many great things about living in Oz is all the great places in the Northern Hemosphere we can go to when the weather ain't as we like it here ; )

Where are some of the great places you've been to or that you keep going back to, I'm sure there are many, if it's easy maybe just the top 3 or 5.

 

[willy1111]

willy1111, I believe in Nihilism and we are only remember by two generation. I belief there is no meaningful aspects to life, we are just a lucky animal living in a Goldilocks temperature zone. I've posted below so others can understand my position. All my posts are views that I hold & it differs widely to most)

Nihilism
Nihilism - from the Latin "nihil" = nothing.

Nihilism has many definitions, my philosophical positions suggests that I lack the belief that there is a meaningful aspects to life, meaning I believe that life is without objective meaning, purpose or intrinsic value. Just because we are the top dog in the animal kingdom our life has no higher value or meaning than any other animal in our kingdom.

Skate

I would think most people would ask themselves at some point in their life, what's it all for, what is the point of it all.

And similar to you I can't come up with any logical objective answer. Thats not to say there isn't one, but what does it matter.

It also doesn't mean that I can't create meaning in my life, a purpose to live for...but it is something that I get to create or choose.

 

[Skate]

It's nice to be close to water

And one of the many great things about living in Oz is all the great places in the Northern Hemosphere we can go to when the weather ain't as we like it here ; )

Where are some of the great places you've been to or that you keep going back to, I'm sure there are many, if it's easy maybe just the top 3 or 5.

willy1111, it would be easier to say where I haven't been.

Reminds me of the song
"I've Been Everywhere" by Lucky Starr

List of 5 places
St. Petersburg - Russian
Sydney Nova Scotia, Canada.
New York City, United States. (New York)
Stockholm, Sweden
Riga, Latvia (a beautiful place)

Skate.

 

[Skate]

My feedback, preference would be to break up into multiple posts as you previously have been doing

willy1111, thank you for taking your time to give me your feedback it indicates you have read my post.

Jokes (or why I don't tell them)
I'll let you into a little secret, when you are telling someone a joke they aren't really listening to you, they are thinking of a joke to tell you in return.

Messing with people (the bad Skate)
When I want to have some fun I mess with peoples mind, something I find personally amusing.

I always square it off by telling people exactly what I've been doing to them, that's the fun part it allows me to control the conversation & most find the conversation interesting, it usually leads to them saying "tell me more"

Example 1 (funny joke)
Someone tells me a very funny joke, funnier the better, once they deliver the punchline & the joke is over (they are extremely happy with themselves, they are now in a happy state)

I let the joke go through to the keeper, I remain expressionless (I put on my poker face) I quickly do a 180 degree turn & ask a irrelevant question.

I'll watch their expression, their mind races, confusion takes over, they are searching why after telling one of their funniest jokes it didn't work this time, they are frowning searching for answers, "Did I tell the joke right ?", "Did I mess up the punchline ?", "what the hell went wrong"

A one on one joke
Doing this to them being one on one - it's funny & before others want to tell me why its not I'll pre-empt an answer - I assume they are telling me a joke to make me happy, its had the desired effect, not just the way they intended. (at this stage my mind is doing cartwheels with the excitement of it all)

Group joke
With others around it's even funnier (for me)

Funnier than the joke itself
Messing with people when they're telling jokes is always funnier than the joke itself (we are always polite to others when they are telling us jokes, we even laugh when the joke isn't funny at all)

Example 2 (Accents & Jokes)
When a person tells me a joke using an accent (to the joke teller it add extra funniness) I will break their rhythm & ask if that's their real nationality as the accent doesn't match. Once their rhythm is broken they have trouble picking up where they left off & the funniness of the joke has evaporated.

Now I observe their jocular spirit change, they switch off being jovial.

Disclaimer
As I said, I always let them know what I was doing to them, it's a conversation starter, allowing me to take control of the conversation in tempo & direction.

Controlling a conversation is the name of the game.

Cryptic message
The story is a cryptic message, I now better understand the 'Dump it here' thread.

Skate.

 

[qldfrog]

willy1111, I believe in Nihilism and we are only remember by two generation. I belief there is no meaningful aspects to life, we are just a lucky animal living in a Goldilocks temperature zone. I've posted below so others can understand my position. All my posts are views that I hold & it differs widely to most)

Nihilism
Nihilism - from the Latin "nihil" = nothing.

Nihilism has many definitions, my philosophical positions suggests that I lack the belief that there is a meaningful aspects to life, meaning I believe that life is without objective meaning, purpose or intrinsic value. Just because we are the top dog in the animal kingdom our life has no higher value or meaning than any other animal in our kingdom.

Skate

I was once named/called? the absolute nihilist.welcome to the brotherhood

 

[tech/a]

Skate
With mind games like that
I’m sure I was married to you!

 

[captain black]

Skate
With mind games like that
I’m sure I was married to you!

Yep. +1