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Philosphy

30 Quotes From Philosopher That Will Make You ThinkQuotes, man. I love them. Excerpts, proverbs, quips, riddles, koans, aphorisms, limericks, snippets, and lyrics— I’m not the type to discriminate. I love them all. Since In Latest TradingView Post About "Traders Gaining Momentum : Fall Edition" to Compile Great Authors To Read And I Will Try To Compile Great Quotes From Philosopher For Traders And Investors. TradingView Listing Great Users To Read On. Okay In this week’s post , I’d like to share with you a few quotes that I think will benefit you. They deliver potent, pithy shots of clarity, insight, and/or motivation that can help you gain perspective, especially if times are tough. Read, contemplate, and maybe note these, as if they were personal notes left to you by some of the greatest minds –past and present. 1.– “ Man only likes to count his troubles; he doesn’t calculate his happiness .” ― Fyodor Dostoyevsky In trading: Basing your happiness on trade outcomes —events that are in themselves ever-changing— is self-imposed suffering. Let go. Trust the process, and let yourself enjoy unconditional happiness. 2. — “ If you look for perfection, you’ll never be content .” ― Leo Tolstoy In trading: Trade entries or exits are rarely going to be perfect. Make peace with that. 3.– “ I want to sing like the birds sing, not worrying about who hears or what they think .” ― Rumi In trading: Don’t let other’s opinions shake you out of your trades. Learn to trust your system/ your process/ your opinion. 4.– “ Out of suffering have emerged the strongest souls; the most massive characters are seared with scars .” ― Kahlil Gibran In trading: Beginner’s luck often stifles growth. Losses and failure are good for you. 5.– “ You could not step twice into the same river .” ― Heraclitus In trading: Change is everywhere. Even in the market it is a constant. The market generates patterns and even though those patterns seem to repeat themselves with a certain degree of consistency, they’re never completely the same – they don’t share the same intensity, momentum, and duration. 6.– “ Let everything happen to you; beauty and terror, just keep going. No feeling is final .” ― Rainer Maria Rilke In trading: Following your plan should be viewed as an essential act, even though it’s a struggle most of the time. It’s so important to believe that it will be worth it in the end —rather than doubting and judging how it feels in each moment. 7.– “ The only way to make sense out of change is to plunge into it, move with it, and join the dance .” ― Alan W. Watts In trading: Never be afraid of change or uncertainty. Embrace them by being as open/flexible/adaptable as possible. 8.– “ A good traveler has no fixed plans and is not intent on arriving .” ― Lao Tzu In trading: Trading can be a ‘one-hit wonder’ thing, where you eventually land one trade that changes everything for you. But instead, I urge you to think of it as a lifelong journey. The psychological implications are very different. 9.– “ Life’s under no obligation to give us what we expect .” ― Margaret Mitchell In trading: There are no guarantees in trading. The sooner you accept that, you sooner you can release your expectations and focus unconditionally on a proven process that’ll raise your probability of success. 10.– “ Flow with whatever may happen, and let your mind be free: Stay centered by accepting whatever you are doing. This is the ultimate .” ― Chuang Tzu In trading: Do not bring emotional struggle into trading. Everything changes -outcomes, markets, circumstances, states of mind… There is nothing to cling to. Go with the flow. Trade in the moment. 11.– “ You can feel an emotion; just don’t think that it’s so important .” — John Cage In trading: When you let your emotions come to the surface; when you embrace them, no matter their content or intensity, you transcend them. When you deny them and try to push them down, they afflict you even more. 12.– “ The instant you speak about a thing, you miss the mark .” ― Zen Proverb In trading: Don’t bother showing to the world that you’re a good trader. Just act like one. 13.– “ You must let what happens happen. Everything must be equal in your eyes, good and evil, beautiful and ugly, foolish and wise .” ― Michael Ende In trading: In trading, whatever is going to happen will happen, whether you want it or not. Your job is not to react blindly… This game is all about strategic maneuvering. 14.– “ Worry is preposterous; we don’t know enough to worry .” — Wei Boyang In trading: A simple way to prevent thoughts from turning into worrying (overthinking) is to trade while remaining open to all possibilities. 15.– “ The longer I live, the more uninformed I feel. Only the young have an explanation for everything .” ― Isabel Allende In trading: The more you stay in the game, the more you’ll realize that there are no real ‘pros’ in trading. We’re all just perpetual students of the market. But some losing traders think they have all the answers. They can’t learn because they’re busy telling everyone what they know and what to do. 16.– “ Nothing is more wonderful than the art of being free, but nothing is harder to learn how to use than freedom .” — Alexis de Tocqueville In trading: Some people get into trading to escape the rat race, but then they feel the need to sit in front of their screen all day to watch the market. They think they have to trade all the time. It’s a big mistake. 17.– “ It’s more difficult to rule yourself than to rule an entire city. ” ― Jordan B Peterson In trading: Trading can be easy. The real problem is the worrying, the expectations, delusions, the inability to let go… For those reasons, it’s not. That’s why working on your mindset day in and day out is the most important thing you can ever do if you want to stay in the game long enough to experience success. 18.– “ Consistency is contrary to nature, contrary to life. The only completely consistent people are the dead .” ― Aldous Huxley In trading: Humans are fallible and perfect consistency is virtually impossible. Even expert traders make mistakes from time to time. The only difference between them and the amateurs is that their mistakes aren’t deadly because money management is their number one priority. Expert traders also recognize early on that they’ve made a mistake and they are quick to correct their course of action without hesitation. 19.– “ In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule .” ― Friedrich Nietzsche In trading: The herd mentality is a contagious phenomenon. To prevent it from sneaking up on you, it can be useful to train yourself to read, feel, and understand your emotions and urges. 20.– “ That which does not kill us makes us stronger. ” ― Friedrich Nietzsche In trading: Everything that happens is an opportunity for growth. Nothing is placed before you that you can’t handle. So spend no time on blame, bitterness, or feeling sorry for yourself, and you put everything towards learning and growth. 21.– “ Your mind will answer most questions if you learn to relax and wait for the answer .” ― William S. Burroughs In trading: You missed a trade? Frustration comes when we want things to be different from how they are. Why waste time in fantasies and what could have been? Why not just relax and wait for the next trade opportunity? There’ll always be one… 22.– “ Anything which is troubling you, anything which is irritating you, that is your teacher. ” ― Ajahn Chah In trading: You must expect failure as part of your trading journey. Failure and success go hand in hand — you cannot have one without the other. 23.– “ If you don’t have a strategy, you’re part of someone else’s strategy . ” ― Alvin Toffler In trading: In this field, lots of fake traders are after your money. Make sure you learn from the right people. This is critical. 24.– “ Disillusionment in living is finding that no one can really ever be agreeing with you completely in anything. ” ― Gertrude Stein In trading: You are only trading your opinion, which is a relative truth. Price is the absolute truth. 25.– “I know there is no straight road; no straight road in this world, only a giant labyrinth of intersecting crossroads.” ― Federico Garcia Lorca In trading: The path to market success is not a straight one. You will fall along the way. But losses and failures eventually get you wisdom. Without wisdom, durable market success is simply not possible. So learn to enjoy the journey. 26.– “ All of humanity’s problems stem from man’s inability to sit quietly in a room alone .” ― Blaise Pascal In trading: Meditation helps you know yourself. You can’t trade well if you don’t know yourself. 27.– “ We are our choices .” ― Jean-Paul Sartre In trading: Take responsibility for your losses and work on bettering the quality of your decisions. 28.– “ Man can will nothing unless he has first understood that he must count on no one but himself .” ― Jean-Paul Sartre In trading: Don’t wait for trade ideas from others. Work on being completely self-reliant. 29.– “ Maybe it’s not about happy ending. Maybe it’s about the story.” ― Albert Camus In trading: See trading as a kind of journey in which you will transform yourself, rather than a mere money-making endeavor. 30.– “ Ask yourself at every moment, “Is this necessary? ” ― Marcus Aurelius In trading: In some sense, trading mastery is simply noticing your patterns of thought, emotions and behavior that are not skillful, and having the strength of mind to say “no… I’m not gonna do that.” -END- I Hope You Have Nice Days And Wishyou Profitable Weeks!! Hot Baked Pumpkin Is Really Nice In This Time. 🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁🍁 Source : Yvan
NYSE:TWTREducation
by Zestiria
35
The Philosopher : Invisible HandsMarket sentiment is a fuzzy concept. In its most basic sense, it’s the aggregate beliefs and moods of actors that comprise the total market. It’s tough to measure, gauge and test. And so, it’s often discarded completely or superfluously used to confirm one’s own biases. But learning how to play the player (market sentiment) is vitally important because in the end, it’s these beliefs that move markets. from 𝖳𝗁e Philosopher interview in Steven Drobny’s book The Invisible Hands : "By sentiment I do not mean some kind of vague general feeling or emotion. I mean the reflection of people’s beliefs, which are based on something real and tangible, which will change their actions. Although beliefs tend to be driven by fundamentals, people and markets are very slow to fully incorporate macro information, and when they do the results can be overly dramatic." Our beliefs drive our actions but our opinions don’t always properly reflect reality — they are often based on faulty logic. This is especially true when dealing with the extreme complexity inherent in markets. Soros remarked on this concept when he said: "If you consider our position as human beings trying to understand the world in which we live, you will find that we cannot confine our thinking to subjects that are independent of our thinking. We must make decisions about our lives and in order to do so we must hold views that do not qualify as knowledge, whether we recognize this or not. We must have recourse to beliefs. That is the human condition" . Through heuristics and various mental models (some purposefully constructed, many passively adopted) we form a lens and filter in which we distill the information of the world and markets. And because the quality and accuracy of these mental filters differ significantly from actor to actor, market mispricings and Soros style false trends occur. Here’s 𝖳𝗁𝖾 Philosopher again: "The uncertain nature of the economic future and our flawed attempts to understand it are a permanent source of market mispricing. The economy is not easily predictable, but the reactions of policymakers and the persistent errors in human expectations are. The natural extension of Keynes’ beauty contest is that animal spirits are not irrational and because they are not irrational they can be anticipated." "To illustrate this idea let’s imagine there are two states of the world, and although each is quite reasonable, one is more likely than the other. Unfortunately, the human brain is not wired to understand probability very well. We are particularly bad at understanding low probability events, which we tend to think of as either inevitable or impossible. Therefore, a very small change in the underlying fundamental probability can sometimes cause wild swings in sentiment because the potential outcome went from impossible to inevitable, whereas the underlying fundamentals did not move substantially. Shifts in sentiment cause markets to move much more frequently and violently than shifts in fundamentals do." "Most economic and market research is overly focused on core outcomes. If you ask people what they think will happen in the future, they will often tell you what they think is most likely to happen. For example, let’s say that something, “A,” has a 60 percent probability of occurring. If you ask 10 different people what will happen, they will all tell you that “A” will happen. Then you post a poll saying everyone believes that “A” will happen. But if you change the 60 percent to 40 percent and ask people the same question, they will respond that “B” will happen. Changing the probability only 20 percent swung the “expected outcome” from 100 percent “A” to 100 percent “B.” This is how I see my role in terms of predicting market sentiment. I do not go around asking people how they are feeling, but I look for cases where a small change in fundamentals could cause a large change in how people perceive the fundamentals." The idea is that we keep testing the quality of our beliefs against the market and reality while developing a sense for what the other dominant beliefs in the market are. Developing this “sixth sense” for markets helps us on multiple levels. First, it cleanses our own destructive mental biases, as Van tharp said: "We typically trade our beliefs about the market and once we’ve made up our minds about those beliefs, we’re not likely to change them. And when we play the markets, we assume that we are considering all of the available information. Instead, our beliefs, through selective perception, may have eliminated the most useful information." And secondly, through developing our understanding of these beliefs and their drivers, we can more effectively identify instances where small changes in market fundamentals have an asymmetric impact on market sentiment, and thus price. Understanding sentiment and learning how to play the player are necessary steps for those striving to play the game with second level thinking and beyond — a step that is essential to winning in this game over the long term. So ask yourself: “Are you playing the player… or are you the player getting played?” 𝖳𝗁𝖺𝗇𝗄 𝖳𝗈 𝖠𝗅𝖾𝗑 & 𝖲𝗍𝖾𝗏𝖾 𝖡𝗎𝗋𝗇𝗌
NYSE:BLKEducation
by Zestiria
12
Four trading fears you will have to overcome 😱The stats for retail traders are not pretty. It's no secret around 80% of all retails traders lose money. The reason most fail is the four fears not being overcome. Fear of being wrong! We are emotional creatures and lets be honest none of us like being wrong. This trait shows in some more than others but there is no place in trading for this trait. It's impossible to 100% right all the time it's not even possible being 90% or 80% right all the time. Once the reality sets in your not going to be right all the time we then as traders have fear of being wrong when seeking our trades or strategies. Fear of losing money We all suffer this fear at some point. What we need to understand is all accounts suffer periods of drawdown. I firmly believe the 80% of all retail traders stat is so high due to people losing money and quitting. The reason money is lost is due to poor strategy or no strategy. Once in a whole the fear of losing more will push people away from trading. Fear of missing out It's probably the fear of missing out that led you here in the first place. You see all the lambo's on social media and the life style and fear of missing out is already in play. Then comes seeing what everyone else has profit wise. Then comes paying attention to everyone else and full blown FOMO instead of sticking to your own game. Fear of leaving money on the table. No better feeling than seeing your trades run in profit. The screen is lit up blue and your loving it. But now comes the fear of letting them trades play out. Your leaving money on the table and it's now a fear you'll lose that money. It's one of the biggest mistakes a trader makes! Cutting winning trades to soon and letting losers run for to long. So how to overcome these fears? There's many elements to overcoming the four fears . There's so may and then even sub elements of those. Hence why this idea had the two brainstorm bubbles on the chart of what fears haunt us as traders. Followed by the bubble of all the thoughts you need to take in to consideration as a trader. It's imperative as traders we build a robust tested plan. Sticking to your own plan and lane is crucial. Just avoid others that blur your plan. Losses are a part of trading quicker you accept this as a cost of business quicker that fear of losing money disappears. There is many more on the chart drawing but quicker these behaviours are followed as a trader the quicker the four fears will disappear. Here's to a good rest of the week🥂 Thanks for looking at my Idea Darren 👍
Education
by pow_removetheguesswork
7
My Rare Earth Magnet Company List ...& some Investing PhilosophyTraders, I meant to simply show you my list of tickers for Rare Earth (neodymium) Magnet companies that I follow. These companies either mine material to produce these magnet or they produce the magnets or they do both. I ended up freestyling a bit 😂😂😂 and going all philosophical. If you're into that, then enjoy the video. If you're not, then somewhere near the end of the video, I show you my list. ⛓️ 🔗 Useful Links 🔗 ⛓️ (see below)
OTC:TMRC
by stewdamus
ETC foriming the classic CAB formationThe Cock and Ball formation (not to be confused with Monkey balls theory) is a classic and easy to recognize pattern commonly used in forex, crypto and stocks. It consists of two overly sized spherical shapes (this pattern is confirmed if you can find candles that make them look hairy or unshaven.) followed by a massive ejaculation tract into the upwards direction. Fundementals support a move like this because ETC is an acronym. The acronym is "ejaculatory tract coming", which lines up with the next phase in the Cock and Ball formation. You can measure the ejaculatory tract by measuring the phallic shape and overlaying it on the climax point. Be wary, sometimes this pattern is formed, the phallic shape isnt as solid as this one. Not all of these formations are built the same, some are wider, some are smaller. Some are shorter, some are taller. Some can explode several times in a row, others just can't explode (but it's okay!). This is a pattern that is found in financial textbooks alongside the likes of fibonacci patterns, wyckoff patterns, and UTI patterns. ETC PT is: Alot. Altcoins will run next year and you better believe this thing will fly
Long
by javaman1376
3
BTC/USD correction5 waves move from 12 Mar '20 finished. Also we've got A and B waves of correction with 12345 structure. On daily chart we have 12345 structure and ABC correction formation. But on monthly chart Bitcoin seems like it came from nowhere to the moon. It got pumped when COVID-19 happened. Also it will be dumped back when it gone. In daily chart we're waiting for corrective wave C which normally hit price between 0.382 and 0.618 Fib Retracement levels. On BTC/USD this is 42000 level. After this one we might see another impulse to the moon. Will see. I bought it with 10x margin when it was 14000, but now here is nothing but sell. I will buy a little after C wave done. But we don't know who hard it can be pumped. Bitcoin overrated and you cannot make a new world currency out of it, while it can rise or drop for 10k in a weekend, so you can't seriously hold this and pray for lifetime raising. But Bitcoing is new generation. Something like gold, but not gold at all. I swear we will see new cryptocurrency which will change fiat money. But we need long years before it come.
COINBASE:BTCUSDShort
by Fridrex
Epistemology of Technical AnalysisHow does the reliability of technical analysis relate to our understanding of it as a total population? Epistemology is a branch of philosophy that examines the nature of knowledge -- its presuppositions and foundations, and its extent and validity. The word epistemology is derived from the ancient Greek epistēmē, meaning "knowledge", and the suffix -logia, meaning "logical discourse." Epistemologists study the nature, origin, and scope of knowledge. Simply stated, epistemology is "meaning-making." Epistemology presupposes metaphysics. People tend to think of psychology as being the foundation for technical analysis , often without realizing that psychology arises out of, or is a subset of, philosophy. In other words, psychology is "a posteriori" to philosophy. Historically, psychology arose in order to include the empirical method when examining the metaphysical questions posed by philosophy. It has since brought various topics of study to the field of psychology, such as sensation, perception, intelligence, and memory. At first glance, the relationship between philosophy and psychology seems to have a dualistic nature, and is reciprocal: Modern-day science believes that the "phyisical" (psychology) -- a brain -- creates the metaphyisical, and that the metaphysical (philosophy) -- a thought -- allows us to understand the physical. Phillosophers argue, however, that "no account of knowledge can proceed without assuming that we already have some sample or example of it, or of the way the world works;" If we already know something, then we already have some insight into reality. Similarly, no account of trading analytics can proceed successfully, according to presupposed rules, without some concensus to those rules. My definition of technical analysis: A concensual set of rules for how to react to market stimuli. We can call TA a language, and it has rules akin to any other language. When we communicate through language, we operate by utilizing a concensual set of rules by which to respond to vocal stimuli. If two people try to communicate an idea to each other via divergent languages, the efficacy of communication is vastly diminished; consequently, if the market is being influenced by people who both DO know and DO NOT know technical analysis, the reliablity of our predictions for market trends is also vastly diminished. I would argue that the implications of this are stronger this market cycle than ever before, due to the exponential rise in new traders unfamiliar with technical analysis , and that this offset in reliability is proportional to the total trading volume they supply to the market. At the same rate, "whales" who hold the largest crypto bags are likely to be the most familiar with TA, or have those working for them who are adept at TA, and therefore have a significant oppositional influence to those people aforementioned. It makes you wonder how many people have given their economic stimuli to the power elite already bankrolling with their COVID-era monopolies. Stay safe out there. This is the most risky moment in the history of crypto for those of us with very little we can afford to lose.
BINANCE:BTCUSDEducation
by UnknownUnicorn17277390
Tesla - Quick bounce then long opportunityNot much to say about this one. Expected short bounce then a lot of upside afterwards. Not too long ago this share was trading at $300+ but it's been hammered due to bad news and general trading. I finally expect the trend to alter and for this to go back above the $300 mark (pending no bad SEC news etc etc). I have identified the major support / resistance lines (the red dashed horizontal lines), this is where large traders will tend to place their sells / buys depending on news and general direction. ***TRUST IN THE THE BIG FACEBOOK THUMBS UP OF PROFIT*** Good luck all!
NASDAQ:TSLALong
by monkeh
1
Verge XVG - Do or Die! - Can It Follow XRP's Heights?Unless you've been chained in the basement by your psycho ex-wife or partying with John McAfee on the dark-side-of-the-moon, then I don't need to tell you about the upcoming XVG announcement. I've personally been a long-time proponent of Verge. The developers have been working very hard on this project over the years. Have they jacked up at times? Sure. But I always counter the naysayers with, always remember, "The man in the ring." Crypto and block-chain are just like most serious trail-blazing endeavors, things need to be proven with trial-by-fire. I'm running on a little here because the story of Verge right now really isn't about technical analysis. It's about the reckoning. This is Do-or-Die time for Verge. The community is one of the best in Crypto. The community has MASSIVE trust in the project. The community stepped up to the crowd-funding call. The community came rushing all-in with blind-faith on the announcement for the developers. Well, the announcement is on Tuesday. Verge will be either become one of the most accomplished and adopted cryptos with no end in sight, or it will be crushed like a lipstick stained cigarette butt into a cracked sidewalk and forgotten. So what's my XRP reference about? XRP has a very similar community, but I don't believe it's as strong. Ripple's just over 39 billion coins. Verge is just under 15 billion. Ripple was trading at .20¢ coming into December 2017. Verge is currently treading under .10¢. Ripple's community reacted to the Coinbase news and pushed XRP to damn near $3.50, purely on news of an exchange listing. (XRP is a very strong use case, but it's still developing) If the news coming out about Verge is about an actual and timely global use case, then HOLY SPIT!!! XRP $3.50 / 39 billion vs. possible XVG $XX.00 / 15 billion. I'm all in right now. Will it go bust? Any thing's possible. It all comes down to trust. If the developers deliver, this community will do anything they ask from here on. And, I mean anything! I think it's about the best sure thing we've had in a while. And, I really like sure things... Let's Get Some!
XLong
by Get_Some
5