What are your trading objectives?

[CanOz]

What has most of the post in this thread to do with trading objectives. Some people will find any reason to start an off topic criticism of what others say. Main reason why I do not participate in these type of threads, someone will start an argument about 2 words in what I have said, regardless of what I have said.

Yeah, this is true unfortuntely. Honestly we could moderate the fourms hard like some overseas forums, but this is not the culture here. We tend to let the discussion evolve back to the topic.

Speaking of, please get back on topic.

I'll do some cleanup....

Please don't be offended if i delete off topic posts...

 

[Ves]

To try and make it a bit more explicit (or confuse you further with my crap communication)
I was talking about an inner mongrel – the bit of you that just keeps getting up and going again when you have no earthly right to do so and is cocky enough to still crack a smile in the process.

I think your first post was fantastic by the way and I wouldn't say it was poorly communicated, however, if you made a mistake it was choosing a word such as "mongrel" which has multiple uses in different contexts (both with positive and negative inferences). It's not so much it was the wrong word to use, and it certainly did convey the meaning of what you were trying to say when read in the appropriate context. But words such as this can easily be taken out of context and used to frame debate / discussion in ways that were obviously not intended. It's not really a reflection on you as such, but it probably reflects more on the audience if they choose the path of semantics.

I like Ralph Waldo Emerson's essay called Self-reliance. Resolve is also a good word choice.... but may not quite fit into your post.

The word "mongrel" in itself does not need to be mutually inclusive with terms such as "aggression" (at least not in the sense of action) and neither does it have to be mutually exclusive with mental states such as "calmness" and it certainly does not mean that you cannot follow a methodical route. As I understand it, in the heat of the moment and in the face of adversity / undesirable results, it's what lets you focus, because you have the inherent belief in the path that you are undertaking.

Steve Waugh used the word "mongrel" a lot to describe how he succeeded when the externalities were full of chaos and how his internal philosophical approach was able to be maintained and kept in complete contrast with what was going on around him.

It is a shame that it is possible for excellent insights into how successful people keep their temperament in check to be misrepresented / misconstrued because of word choice. CL's post above me hits the nail on the head.

Thanks again for the post(s), a breathe of fresh air to have someone trying to teach others, even if they don't have complete confidence in their ability to communicate or pass on their knowledge / wisdom.

 

[Ves]

I don't really have any grand objectives. I just do what I do because I like to do it. I love being right, it gives me a kick. I love doing the research, taking a position and then having my thesis proven correct. Doubly so when every "expert" is on the other side of me. Don't get me wrong, I do like the money that comes from being proven correct. But I'm not sure money in itself creates a passion for something.

I understand the point that craft is making. There are times, for me at least, when I'm sure I'm correct and the market is wrong even though I might be 30%, 40%, 50% down on an investment. At that point it is very easy to start double guessing your own thinking. We are, afterall, humans, and it's in our nature to "follow the crowd". I'm sure every successful trader or investor has a way of dealing with that stress.

+1 I've been thinking about this recently. Valuation / investment is a bit of an arcane art form for me at the best of times, it's a good way of expressing myself in ways that match my personality. I really enjoy the challenge, despite the work being hard at times. I've met some like minded people along the way too, for which I am ever grateful.