Dump it Here

Gringotts Bank · 18 December 2018

Communication is so difficult, isn't it? It's extremely hard to understand and be understood when the topic has any degree of complexity or subtlety.

Someone makes a statement like: "technical analysis is better than fundamental". And before you can reply meaningfully, a hundred assumptions need to be unpacked and just as many terms need to be defined in detail. That's if you want to take part in a proper debate. Such a statement as the one above could take a few hours to unpack, but who could be bothered? Even a very astute reply is likely to be met with "yeh but I still think it's better...", and then you realize you've wasted your time trying to help.

I have a few books that I've had to read 10 times before I really got the message. So yeh, change is hard and it happens slowly! One has to be willng to make oneself uncomfortable...over and over again. Inertia equates with safety, so there's some in-built evolutionary resistance.

Skate · 18 December 2018

Gringotts Bank said:
Communication is so difficult, isn't it? It's extremely hard to understand and be understood when the topic has any degree of complexity or subtlety.

Someone makes a statement like: "technical analysis is better than fundamental". And before you can reply meaningfully, a hundred assumptions need to be unpacked and just as many terms need to be defined in detail. That's if you want to take part in a proper debate. Such a statement as the one above could take a few hours to unpack, but who could be bothered? Even a very astute reply is likely to be met with "yeh but I still think it's better...", and then you realize you've wasted your time trying to help.

I have a few books that I've had to read 10 times before I really got the message. So yeh, change is hard and it happens slowly! One has to be willng to make oneself uncomfortable...over and over again. Inertia equates with safety, so there's some in-built evolutionary resistance.

Hi @Gringotts Bank

I want to follow my own advice..

Tell me more..

There is always a contest of ideas on ASF but when someone offers value it’s in our best interest to listen.

I’m not saying everyone should agree, we should be civil & just say “tell me more”

Your post displays complexity & value..

Your dump will resonate with so many members..

@Gringotts Bank - tell me more..

Skate.

Gringotts Bank · 18 December 2018

Skate said:
Hi @Gringotts Bank

I want to follow my own advice..

Tell me more..

There is are always a contest of idea on ASF but when someone offers value it’s in our best interest to listen.

I’m not saying everyone should agree, we should be civil & just say “tell me more”

Your post displays complexity & value..

Your dump will resonate with so many members..

@Gringotts Bank - tell me more..

Skate.

If you want to communicate effectively and get your message across, these would be some pointers. You're sort of already doing them!

1. show genuine interest in others - tick
2. add some genuine recognition of others' contributions - tick
3. have a positive and easy going vibe - tick
4. be trustworthy*
5. keep it brief or break it into bite size chunks - tick
6. make it relevant (trading) - tick
7. begin with easy-to-digest facts to create a 'yes set' - tick, everyone is nodding along
8. insert the thing you really want to say as if it's just another fact (aka 'bury the lead').
9. quickly add more uncontestable and easily digested facts

Points 7-9 are manipulative, so will tend to backfire in multiple ways. Points 1-6 are do-able if one can be bothered.

*Point 4 is a huge topic in itself and is by far the most important. You can actually do the whole thing with number 4 alone, imo.

Skate · 18 December 2018

Gringotts Bank said:
If you want to communicate effectively and get your message across, these would be some pointers. You're sort of already doing them!

1. show genuine interest in others - tick
2. add some genuine recognition of others' contributions - tick
3. have a positive and easy going vibe - tick
4. be trustworthy*
5. keep it brief or break it into bite size chunks - tick
6. make it relevant (trading) - tick
7. begin with easy-to-digest facts to create a 'yes set' - tick, everyone is nodding along
8. insert the thing you really want to say as if it's just another fact (aka 'bury the lead').
9. quickly add more uncontestable and easily digested facts

Numbers 7-9 are manipulative, but the rest of it is do-able if one can be bothered.

*Number 4 is a huge topic in itself and is by far the most important. You can actually do the whole thing with number 4 alone, imo.

Hi @Gringotts Bank

You have hit the nail on the head - trust & being trustworthy is our most precious gift we can give anyone.

Are you up for an example ?

Skate.

Gringotts Bank · 18 December 2018

Skate said:
Are you up for an example ?

Yes. Let's hear it.

Skate · 18 December 2018

Let’s set the scene..

The daughter is jumping from the lounge into dad arm, the bond is trust is strong.

Image if her Dad was distracted & failed to catch his daughter - do you think her trust in her dad would be broken?

It sure would.

Skate.

Gringotts Bank said:
Yes. Let's hear it.

Let’s set the scene..

The daughter is jumping off the lounge into dad arm, the bond & trust is strong.

Image if her Dad was distracted & failed to catch his daughter - do you think the daughters trust in her dad would be broken?

It sure would.

Skate.

Skate · 18 December 2018

Hi @Gringotts Bank I want to dump another..

Imagine this..

Every time you break someone’s trust - go & hammer a nail into a piece of wood.

When you restore that trust - go & pull the nail out.

You will notice there will be a hole left in the piece of wood - trust can never be fully repaired.

Skate.

Skate · 18 December 2018

Gringotts Bank said:
4. be trustworthy*

Rome wasn’t built in a day...

I’ll do my best to gain yours.

Skate.

Skate · 18 December 2018

Stress

It’s worth remembering..

“Sometimes good enough is good enough”

Skate.

explod · 18 December 2018

Skate said:
Exercise in psychology

Many people make the mistake of thinking that what move the market are financial statements, economic reports, and news. Those things may all have some impact, but ultimately the market is primarily an exercise in psychology.

Skate.

True but sentiment (yeeeehaar) is the real driver which to my mind is just excited the feeling of the day. Psychology is implanted, sentiment is more the infection of the moment. True however one could write a book just on this single point.

Gringotts Bank · 18 December 2018

Skate said:
Hi @Gringotts Bank I want to dump another..

Imagine this..

Every time you break someone’s trust - go & hammer a nail into a piece of wood.

When you restore that trust - go & pull the nail out.

You will notice there will be a hole left in the piece of wood - trust can never be fully repaired.

Skate.

My way of repairing broken trust is to punish them and let them know why. Withdrawal is a good punishment. Then I look at why they did what they did, which is usually out of some buried fear. When I know the reason, it's much easier to be ok with trusting again. And I might question them about it later to see if they actually have any insight about it. If there's no insight, look out!... because it's going to be repeated.

But I'm starting to sound like a school teacher here, and that bothers me. I just don't want to be f'd around - that's all.

Skate · 18 December 2018

explod said:
True but sentiment (yeeeehaar) is the real driver which to my mind is just excited the feeling of the day. Psychology is implanted, sentiment is more the infection of the moment. True however one could write a book just on this single point.

Hi @explod

Now that’s a deep dump..

You have expressed your views so succinctly and so accurately.

Traders are so moody at the moment - @peter2 will give his summary shortly about the drivers of the recent yo-yo volatility..

Members will read your post and if they take the trouble to read it again - they will unpack some gems.

You & @Gringotts Bank have hit on a topic of being tribal, without realizing it.

Now that’s a subject you could fill a book with. (Our beliefs are very tribal)

Im sure your post will encourage others to start to dumping their gems.

Thank you..

Skate.

Skate · 18 December 2018

Gringotts Bank said:
My way of repairing broken trust is to punish them and let them know why. Withdrawal is a good punishment. Then I look at why they did what they did, which is usually out of some buried fear. When I know the reason, it's much easier to be ok with trusting again. And I might question them about it later to see if they actually have any insight about it.

But I'm starting to sound like a school teacher here, and that bothers me. I just don't want to be f'd around - that's all.

Hi @Gringotts Bank

Now that’s a strong passage, thank you for expressing your view that’s what this thread is all about.

Trust is a precious gift but there is one gift that carries more value..

Do you want me to tell you what is the most precious gift you can give someone?

Skate.

explod · 18 December 2018

Skate said:
When do we sell a position

Investors frequently wrestle with whether they should dump a weak position or wait it out and hope for a rebound

Selling is one of the most underrated and unappreciated tactical tool any trader has.

Skate

A very bloody difficult situation, though "when in doubt get out"

Gringotts Bank · 19 December 2018

Skate said:
Hi @Gringotts Bank

Now that’s a strong passage, thank you for expressing your view that’s what this thread is all about.

Trust is a precious gift but there is one gift that carries more value..

Do you want me to tell you what is the most precious gift you can give someone?

Skate.

Lurve. Not the kind you clean up with a mop and bucket, but the other kind. I don't walk to talk about it though... too shy.

explod · 19 December 2018

Skate said:
Exercise in psychology

Many people make the mistake of thinking that what move the market are financial statements, economic reports, and news. Those things may all have some impact, but ultimately the market is primarily an exercise in psychology.

Skate.

Interesting point here, is sentiment, "everyone pushing behind a flowing ball", psychological (mind imprint from experience) or just follow the trend, as it goes. Hard to categorise this in my view.

Skate · 19 December 2018

Hi @explod

I don’t want to overstep the mark but stickybeak Skate would like to ask if your avatar is a photo of you?

Avatars go along way to express who you are..

Skate.

explod · 19 December 2018

Skate said:
Personal structure

I know a little bit about human nature, people are just like water and as water tracks the easiest path so do people, they always take the easiest path, personal structure is something that is lacking in most people today, they want everything and I mean everything handed to them.

Skate.

Don't agree. From a child my path was hard, as a result I couldn't stop trying to ease the path of others. In the end my sociological understanding cleared my head/heart.

Skate · 19 December 2018

Gringotts Bank said:
Lurve. Not the kind you clean up with a mop and bucket, but the other kind. I don't walk to talk about it though... too shy.

Hi @Gringotts Bank

I don't walk to talk about it though... too shy. [/QUOTE]

This is the thread you can dump whatever you want & feel comfortable doing so.

The most precious gift you can give to another is your time.

Skate,

Skate · 19 December 2018

explod said:
Don't agree. From a child my path was hard, as a result I couldn't stop trying to ease the path of others. In the end my sociological understanding cleared my head/heart.

Hi @explod

I’m tempted to say “tell me more” but it’s package in something so personal.

Skate.

Dump it Here

explod

explod

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