Australian (ASX) Stock Market Forum

Dump it Here

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sptrawler said:
Skate a lot of investment boils back to personality, a friend of mine is a great believer in the market and has been all in for 10 years.
I'm much more conservative and always carry enough cash, to be able to afford to lose everything in the market.
ATM he is braking out in hives, I'm enjoying Chrismas.
Like I said it boils back to personalities, you still have to be able to sleep at night.
Having said that, my new year resolution is to become more proactive, and that is due to your thread.
So thankyou, it has been a great Xmas present.
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@sptrawler may I quote & echo your words please.

I would like members not to flipantly read your post without unpacking the gems you just dropped in here.

Gems to remember
1. Investment boils back to personality
2. Your positions should be at a size where you able to sleep at night
3. Be proactive when it comes to the markets & thread carefully at first.

Skate.
 
Why start trading

@sptrawler it should not matter how much money you have or how old you are. It also doesn’t matter how much you know about trading, or whether you’re worried about what the markets are going to do, you have made a plan - a News Years resolution.

Caution
Only be proactive when the market is heading in the right direction. Otherwise be a wimp like me.

Skate.
 
@sptrawler I forgot to mention the freedom you can achieve by being an active participant in the markets.

Freedom
Trading isn’t about getting rich, but more about having the financial independence, being able to support yourself without an income.

I've only been trading for 3 1/2 years & I've been lucky. I studied for 3 years before making my first trade and it was with the help of others giving their advice so freely without expecting anything in return made the difference for me.

Skate.
 
As a partially reformed thinker, I'd recommend Alan Watts on 'stopping excessive thinking'. YT.

In my chosen field of work, I thought a lot. I gained incredible insight, and I can debate professors and 'experts' under the table...easily. But the pinnacle of my insight was this: I must stop thinking. Not stop altogether, but cut it right back. Wisdom, peace, connection and creativity are far more valuable than insight, no matter how profound the insight. And these good things only appear when thinking stops.
 
Gringotts Bank said:
As a partially reformed thinker, I'd recommend Alan Watts on 'stopping excessive thinking'. YT.

In my chosen field of work, I thought a lot. I gained incredible insight, and I can debate professors and 'experts' under the table...easily. But the pinnacle of my insight was this: I must stop thinking. Not stop altogether, but cut it right back. Wisdom, peace, connection and creativity are far more valuable than insight, no matter how profound the insight. And these good things only appear when thinking stops.
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@Gringotts Bank I have trouble letting thoughts go and till I put them on paper they won't leave me.

I can't control my thinking & the mental gymnastics is indescribable.

When I write I don't even have time to read what I've written.

I'm compulsive about most things & I study & write everyday - Dumping it here has been therapeutic - it's been a release.

Skate.
 
Skate said:
@Gringotts Bank I have trouble letting thoughts go and till I put them on paper they won't leave me.

I can't control my thinking & the mental gymnastics is indescribable.
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yeh, addiction. Not a metaphor for addiction, but a true representation of it. No judgment here, btw. I have the same tendency.

I wouldn't call it a release to write it down. What you get (and what I'm getting right now as I type), is a misniscule hit of feelgood brain neurotransmitters in response to yet another thought which says "well aren't I clever!". And you are clever, but at what cost? Thinking uses up massive amounts of energy and will always have a negative bias. The reason for the negative bias is that most excessive thinking revolves around problem solving. Focussing on 'what's wrong' or 'what needs fixing' or 'what needs to be understood' will overload your processor pretty quickly.
 
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barney said:
You are an interesting Chap indeed Mr. @Skate :cool::D
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@barney I measure everything I say here on ASF.

I've pulled right back..

If this wasn't a trading tread I would start to post about other topics
1. Religion (Religious views are similar to what people think about Trump - you are on one side or another - there is no middle ground)
2. Boxing & fighting (they are two different sports - two different type of people)
3. Debt collecting (people are always interested in that profession, but relating stories - some find it a bit too much) Most want to know if anything bad ever happened - Knife pilled on me, Pistol in the face, some prick put a slug in my back, but that was another life. I had to give it away, it was put to me that the job was too dangerous for myself & others)
4. Back in the 80's litigation was so bad the NSW Courts system backlogged.

Imagine from a Debt collector to being a Financial Judge (similar to Judge Judy - her cases had a limit of $5k - my limit was restricted to $25k & under (I was know as the Maverick) I normally made my decisions on the brief - heck it wasn't rocket science to established who had been wronged.

I'm a Jack of all trades master of none - I'm got a ton of qualifications to prove that.

Skate
 
Gringotts Bank said:
yeh, addiction. Not a metaphor for addiction, but a true representation of it. No judgment here, btw. I have the same tendency.

I wouldn't call it a release to write it down. What you get (and what I'm getting right now), is a tiny hit of feel good neurotransmitters in response to yet another thought which says "well aren't I clever!". And you are clever, but at what cost? Thinking uses up massive amounts of energy and will always have a negative bias. The reason for the negative bias is that most excessive thinking revolves around problem solving.
Click to expand...

Let me talk about the bad Skate if I may

Some jobs I've had required extreme communication skills - its the only tool in the toolbox. (my communication skills)

Like any profession you had to train & train to hone those skills. I call it the skill of Conditioning people - other see it as manipulation.

I'm thinking if I should tell you about my training exercise..

Let me think ..

Skate.


 
Without "thinkers" we would still be clubbing Bisons to death for a feed;) ……

For example, I'm damn sure my maths ability wouldn't put a man on the Moon ….

… even though I got a grade 1 in Maths:p ….. "knowledge evolves from thinkers thinking"
 
@Gringotts Bank as no one reads this thread let me indulge..

Exercise #1
I purposely offend & upset some, I'll bring them to a rage (I'll milk that rage for all its worth)
Then I set out to condition them & have them apologise for misunderstanding me.
After a fair bit of their grovelling - I gracefully accept there apology while letter them know how hurt I was.

Now that takes skill.

I won't bore you with the others examples..

Skate.
 
 
@barney another job I've had - Relief Resort Managers (now that's a profession in big demand - but boring, I don't know how It did it for 5 stints)

Management Rights
Know anything about management rights - I've advised & written software for that industry. That was a creamy job.

I turned sales people in to sales professionals
In another life I was a Sales Trainer - I didn't train the company staff, I trained the business owners directly or I trained their head trainer. (Train the trainer is a real title - go figure)

Ford Motor Company
I've fix two major issues for the Ford Motor Company (diagnostic engineer is my field) - they appreciated my input to solve two issues that escaped them.

I master somethings then I get weary/bored then move on.

Skate.
 
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Still curious about the type of person you might purposely offend and bring to a rage … and why;)
 
barney said:


[COLOR=#000000]Curiously …. Is there a typical type of person you will try and administer this process to?[/COLOR]

[COLOR=#000000]And is there an underlying reason for your manipulation … ie. Their benefit or yours?[/COLOR]

PS No idea why the above came up as Bold … not intended lol ….
Click to expand...

@barney its a means to an end.

Its not a want its a must (people must do what I want them to do without them knowing - its in my best interest)

If people realise what I do, I lose, its that simple (people don't feel the conditioning)

Formula
Perception = Reaction

So..

I setup their perception & get the reaction I want (simple formula)

It's all about money..

Honing my skills - sometimes I do it for fun but mostly so I keep on top of my game.

Skate.
 

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