by eric-pal » Thu Dec 07, 2023 8:49 pm
I use the 2k on the ES.
While everyone may have a different perspective, trading isn't like becoming a doctor. To become a doctor, the coursework and knowledge is openly available as well as the "tests". Want to pass -> you gotta "know the books" inside and out, and under pressure. Also, work through the cadaver class, etc (which I imagine isn't too pleasant).
How does the public approach trading - - - ? I'll just pick up this book and walahhhh! Magic. . . . Now, most will not laugh at this point because (if they have tried it). . . what is the test? Yeah - the market which has no bias. Oops. That book didn't work. . . It must be in another book. . . or course. . . . or . . .
There are fundamentals that must be understood, independent of what market one finally ends up with. What are those fundamentals? That is what the course attempts to outline - - - some things many may not even have considered. There were a few points I didn't realize until year 4+ (yeah and working nonstop on it).
In the end an individual needs to match their personality to a market or system. Wanting to "change" something without understanding why certain things are set can lead to confusion. Without strong references of good perspective and accurate solutions, even most machines fail in training, and machines can beat the best humans in chess (note chess has a good reference to base decisions - who wins in the end). I give you an example. . . Al Brooks. If you read his books what moving average does he use on the 5m chart [20 ema]?. I think many were surprised to learn when he uses a 2m chart he overlays a 10ema - - -WHAT!???!? How can this be? . . . Is the public betrayed? Or how about when Mack has a sample video showing a limit order buy - - - What?!!!! How is that possible since all trades should be on stop orders!?? When the skillset is well understood, options become more apparent. Want to buy a strong bear bar - - - -possible. What is the context where this actually may make sense? Ahhhh! And afterwards, can one do that reliably?!!!! Aha! (maybe y, maybe n).
One might be 6'5" and can slam dunk a basketball standing next to the rim. That may not be translatable to a real game of basketball. One needs to have the basics down first, which includes dribbling, moving with that ball, potentially passing, etc.
Actually working through all the quizzes, many are surprised. Through the course you may find your vision of the market changes a bit.
I use the 2k on the ES.
While everyone may have a different perspective, trading isn't like becoming a doctor. To become a doctor, the coursework and knowledge is openly available as well as the "tests". Want to pass -> you gotta "know the books" inside and out, and under pressure. Also, work through the cadaver class, etc (which I imagine isn't too pleasant).
How does the public approach trading - - - ? I'll just pick up this book and walahhhh! Magic. . . . Now, most will not laugh at this point because (if they have tried it). . . what is the test? Yeah - the market which has no bias. Oops. That book didn't work. . . It must be in another book. . . or course. . . . or . . .
There are fundamentals that must be understood, independent of what market one finally ends up with. What are those fundamentals? That is what the course attempts to outline - - - some things many may not even have considered. There were a few points I didn't realize until year 4+ (yeah and working nonstop on it).
In the end an individual needs to match their personality to a market or system. Wanting to "change" something without understanding why certain things are set can lead to confusion. Without strong references of good perspective and accurate solutions, even most machines fail in training, and machines can beat the best humans in chess (note chess has a good reference to base decisions - who wins in the end). I give you an example. . . Al Brooks. If you read his books what moving average does he use on the 5m chart [20 ema]?. I think many were surprised to learn when he uses a 2m chart he overlays a 10ema - - -WHAT!???!? How can this be? . . . Is the public betrayed? Or how about when Mack has a sample video showing a limit order buy - - - What?!!!! How is that possible since all trades should be on stop orders!?? When the skillset is well understood, options become more apparent. Want to buy a strong bear bar - - - -possible. What is the context where this actually may make sense? Ahhhh! And afterwards, can one do that reliably?!!!! Aha! (maybe y, maybe n).
One might be 6'5" and can slam dunk a basketball standing next to the rim. That may not be translatable to a real game of basketball. One needs to have the basics down first, which includes dribbling, moving with that ball, potentially passing, etc.
Actually working through all the quizzes, many are surprised. Through the course you may find your vision of the market changes a bit. :)