RUDEBOY said:
Integeraty of a trader, with himself or with other people. To lie is instinct, truth and reason is hard to come by in the world of money. Sometimes its as if this site hates the truth, bearers of truth are villified because it does not suit human nature at times. The subject of truth and lies should be open to universities, it is a phenomena that will never die out with evolution. Lying is part of evolution, humans and all other animals use it to thier discretion. Beware!
You could say there is a parallel between trading, that is, success versus failure, and life and death. This is because both results have no remedy, and are therefore inexhorable, irrevocable.
The problem, and I have said it many times, is that in everyday life everything has a remedy.
In trading there are no remedies. What you do, you do. You cannot go back and undo what you have done.
I have likened it to the most cruel court of judgement, in which the verdict is delivered before the trial is heard, and there is no appeal. This to most ordinary people is a SHOCK for which ordinary life, with all its remedies and excuses, does not prepare them.
Therefore, you could say that because the great majority are not accustomed to this, they persist in attacking all of this with the frame of reference, that in their experience or even that of their peers, functions more or less efficiently in ordinary life.
In the world of trading this is not so. I am not going to enter into a long explanation why it is that all of this is not constructed for the benefit of the public and so on, but it is suffice to say that this unpreparedness is what catches people out.
Now a new frame of reference has to be adopted, which is unfamiliar and which many people even consider to be an affront, yes indeed, an affront to their preconcieved notions of their abilities to rescue situations through the skilful application of various remedies, none of which can work in trading.
The adoption of this new frame of reference is a difficult and uncomfortable excercise for everyone, but an impossible mission to fulfil by those not having the right character, for the reasons explained and laid out in my previous post, above. Nor is it attainable via the route of personality, also for the reasons explained and laid out in my previous post , again, above.
The excercise to try to achieve this mission via the route of personality is futile. Yet, nearly everyone tries via this route, only to bang their heads against an invisible wall, rather like a bumble bee in the conservatory trying to find its way out by trying to fly straight through a window pane, just because it can see the garden, according to its limited frame of reference.
The bumble bee cannot distinguish the difference between a pane of glass and an open window. This is because the frame of reference of a bumble bee is the wrong one. But once it is coaxed out of the window, off it buzzes, with a noticeable aura of relief and delight about it.
Now human beings have to coax themselves to adopt the correct frame of reference in order for them to succeed. They have to teach themselves to fly through open windows and not through glass panes. But when viewed from the perspective of personality both look the same ~ it is only when human beings force themselves to view the problem from the perspective of character that the problem can be solved.
I will topically interrupt here to explain that when I make statements and they are responded to with rudeness or aggression, it is because the respondent is viewing the problem from the perspective of personality persistently, instead of the correct one. For this reason, I am not offended, as I am able to understand the difficulties they face, and that their responses are the consequence of incorrect thought. So I am able to forgive them.
If they were able to view all of this via the route of character instead of personality, the outcome for them as persons would be very different. They would be able to attain what it is they ultimately seek because they would be embracing logic and reason instead of emotional response.
This is a very important concept for a trader. Yet many find it extremely difficult to master.
This is because the new frame of reference, the one that presents discomfort and unfamiliarity is the one that has to be adopted for the purpose, and not the other one.
Encapsulated within this frame of reference is the concept of personal integrity.
Personal integrity depends upon honesty and truth, and what is more, is ruled by self government of the highest order. This type of self govenment is not a pressing requisite in ordinary life, as there are rules and laws and ordinances and behavioural codes to follow.
The perimeters of acceptable conduct are laid out and labelled clearly for everyone to see and obey and observe. In the world of trading however, there are no such perimeters laid out and labelled clearly for evreryone to see becauseeffective traders are expected to make their own labels, and to make their own rules about correct conduct and procedure and tactics and so on.
It therefore happens that in addition to finding themselves in a cruel environment where additionally to the verdict being delivered before the trial is heard, now participants in this murderous game within a killing field are expected not just to substitute personality for character as their main drives, but also act within a framework of morality and reason and logical deduction and self governance and integrity and truth, they additionally have to overcome the corrupting effect of money.
Money, or the idea of money in abstraction, carries emotional charge. Additionally it has the power, by vitue of carrying emotional charge, to disable the ability to logically deduce and reason, and hence to corrupt.