SOCRATES said:
In my view, esoteric, is not a proper way to describe what you ask. A more acceptable description would be "not mainstream". There is nothing mystical about the application of efficient and sensible trading techniques, because nearly all of it is common sense.
Wow, thanks for that Socrates. A new way to look at it, non-mainstream. Also, I completely agree with your statement regarding the abandaning of emotions in this game. Hence, the psychology of trading is VERY important.
Not mainstream-Now thats a concept that makes me feel less insane.
The explanation I gave you above is about one quarter of the answer.
The clue lies in the sentence, and I quote "Then it seems as if the reasoning and logical deduction which this requires at a mechanical level appears as if it were esoteric because it is not mainstream".
This is rather like facing a lock you have to open. You cannot open the lock unless you have the correct key. No other key will open it. This is because the lock itself is constructed in such a way IN ADVANCE OF THE EVENT so that no other key will open it. The same would apply to a safe, but instead of using a key, you would use a prearranged combination. No other combination will open the safe other than that preset. I hope and expect you are able to follow so far that what we have done with this idea so far is to transmute it from a tangible concept (use of a key = physical) into an intangible concept (use of a combination=abstract)
Both of them are very real, but very different, but they both serve the same purpose. By the way, a lock has three main functions for the purpose of illustrating this excercise.
1. To only allow suitable people in.
2. To demonstrate that the area that is locked is only accesible to key holders.
3 To keep unsuitable people out.
The market does this very efficiently. It denies access by degrees. It allows total and free access to the efficient and denies minimised and restricted access to the inefficient. This is not cruel or mean. It is the selection process that the market imposes. I have listed in my previous post the main criteria it demands from key applicants before they can be considered. Then there is the question of knowledge, the correct knowledge and not just any knowledge. The correct knowledge is difficult to acquire because you must understand and accept that this correct knowledge is so precious that it has to be jealously guarded. Therefore access to it is difficult, impossible if you have the wrong set of keys.
db phoenix in another post of his mentions a glint of gold in connection with another idea.
Here we are talking of the bullion, cast into bars, and kept in the vaults. The bullion is not accesible to everybody, but everyone will have had the experience of seeing gold glinting.
The bullion is only accesible to approved key holders. These approved key holders have earnt the right to hold the keys, and to take bullion in and out as they please. This is because they have approached all of this in the correct way and not in the incorrect way.
Anyone who aspires has to submit to what I outline in my post above. The market does not care for those who do not submit, it punishes them for their intransigence and takes their money as a result, so that in the end there is no more glint and very far from bullion.
What I describe above is the minimum that the market demands at a mechanical level, no more, no less. Yet the great majority are unable to achieve even this, as a consequence of ingrained inabilities and a reluctance to confront their difficulties, that, like the numbers that relate to a combination lock are intangible problems but, as a consequence of these inabilities are made very real.
The mechanical level is the most basic level of proficiency that the market demands. It is rock bottom basic.
The esoteric level is unattainable to most ordinary people who are already finding the mechanical level a struggle. The mechanical level has to be mastered first. In all of it there is order and structure, like a Meccano Set. What happens is that individuals are prone to particularly like one cog in preference to another, or one perforated bar becomes a favourite in preference to the whole assortment required to do the job correctly. No one can constuct anything effectively by behaving like this, but to my horror and sadness it is the case, in that people are apt to choose the bits out of the Meccano Set that they particularly like, ignoring all the other bits.This is a disaster and I am not going to dwell on it any longer, I have said enough about this on other threads and from the general feedback that returns, in general it seems to fall on deaf ears.
At the esoteric level wonderful things happen. You need to be absolute master of the mechanical before the esoteric level can be disseminated and indeed understood. This is why there is so much discussion about it. It attracts the interest of members who are subliminally aware that there is something more. There is a lot more and it represents the bullion.
Kind Regards.
