Why does the eventual accumulation of pertinent knowledge translate so slowly into one's trading results? If we are capable of weeding out the good stuff from the bad, why doesn't the good stuff just take over and guide us directly towards success?
Superflysuperfly said:Why does the eventual accumulation of pertinent knowledge translate so slowly into one's trading results? If we are capable of weeding out the good stuff from the bad, why doesn't the good stuff just take over and guide us directly towards success?
Thanks for your answer.Charlton said:Superfly
I suppose it depends upon what you mean by 'Pertinent knowledge'. There are different forms of knowledge. One is knowledge of facts, such as you might obtain within a book or course on trading or via these pages. This is, for most people,, relatively quick to obtain.
The other is based on application of the first knowledge through experience. This takes longer to achieve because it involves doing and lots of doing. It may well involve making mistakes,. adjusting and re-doing.
Furthermore this second kind of knowledge involves dealing with who you are and may involve the removal of self-sabotaging mechanisms at play. This, for most people, takes longer.
Charlton
superfly said:Thanks for your answer.
By pertinent knowledge I mean everything that will enable you to play your targetmarket and strategy better.
However in my opinion the pivotal word in the text of the elitetraderposter illiquid is not pertinent, but so slowly.
I like the way illiquid phrases common issues.As to illiquid's post, you didn't quote it, so I don't know what you're referring to.
Db
Why does the eventual accumulation of pertinent knowledge translate so slowly into one's trading results?
superfly said:Why does the eventual accumulation of pertinent knowledge translate so slowly into one's trading results? If we are capable of weeding out the good stuff from the bad, why doesn't the good stuff just take over and guide us directly towards success?
Trader333 said:Because it is not just about the accumulation of knowledge, it is as much to do with how you use the knowledge and how your own standards and disciplines interact with it.
Paul
superfly said:I like the way illiquid phrases common issues.
The full text im refering to:
Like I've said before, I've seen as much so-called wisdom over the years that I've eventually learned to hold as inviolate truth, as that which should be thrown out with yesterday's garbage. Yet why does the eventual accumulation of pertinent knowledge translate so slowly into one's trading results? If we are capable of weeding out the good stuff from the bad, why doesn't the good stuff just take over and guide us directly towards success?
Aside from the fact that I might just be a dumbass, one thing I've figured out is that the distance between the brain and the finger might not be so close as you'd think -- if you're not careful. I know I'm not the only trader who has a tendency to repeat the usual mistakes, or variations of same, despite having berated myself 10 times in the previous week to make an effort not to do it again. My contention is that old habits die hard. Real hard. And only if you go out of your way to kill them outright.
Because it takes a huge amount of hard work and the help of other pioneers to achieve a ‘tipping point’ in trading whereupon mastery is attained. It is an iterative process and there are few shortcuts. Even Einstein had to undertake this ‘learning curve’.superfly said:Why does the eventual accumulation of pertinent knowledge translate so slowly into one's trading results? If we are capable of weeding out the good stuff from the bad, why doesn't the good stuff just take over and guide us directly towards success?
Yes, exactly, very well explained.starspacer said:Because it takes a huge amount of hard work and the help of other pioneers to achieve a ‘tipping point’ in trading whereupon mastery is attained. It is an iterative process and there are few shortcuts. Even Einstein had to undertake this ‘learning curve’.
Einstein's mother was concerned about his slow development as a child. His elementary school teachers thought that he was a foolish dreamer. His Uncle mentored him from the age of 12 and he increased his knowledge in calculus & physics. A trader would learn technical and fundamental analysis during the early stages and use a mentor to help with the psychological and financial development necessary to achieve mastery.
Eventually dropping out of high school, Einstein had to take special exams which he failed. After graduation, he couldn't get a job anywhere. In 1901, at the age of 22 he got a job at a Swiss patent office, and earned just enough money so that his parents didn't have to support him.
In 1905, Einstein examined the phenomenon discovered by Max Planck, according to which electromagnetic energy seemed to be emitted from radiating objects in quantities that were ultimately discrete. The energy of these quantities--the so-called light-quanta--was directly proportional to the frequency of the radiation. But it wasn’t until 1911 that Einstein was able to make preliminary predictions about how a ray of light from a distant star, passing near the Sun, would appear to be attracted, or bent slightly, in the direction of the Sun's mass. In 1915 he published General Relativity which was the ‘Holy Grail’ linking mass and energy.
So it had taken Einstein 24 years of dedicated work to achieve mastery. And that mastery was expressed in the simplicity of e=mc2. Trading is like this.
superfly said:Why does the eventual accumulation of pertinent knowledge translate so slowly into one's trading results? If we are capable of weeding out the good stuff from the bad, why doesn't the good stuff just take over and guide us directly towards success?
Trading has a very long positive reinforcement cycle. Often you need to do the 'good stuff' for months on end to make money.superfly said:Why does the eventual accumulation of pertinent knowledge translate so slowly into one's trading results? If we are capable of weeding out the good stuff from the bad, why doesn't the good stuff just take over and guide us directly towards success?
Yes quite so....donaldduke said:Trading has a very long positive reinforcement cycle. Often you need to do the 'good stuff' for months on end to make money.
Most people expect to do the right thing and come out permanently ahead after 5 or 10 trades, in this business you might still be down or flat after 50 or a 100 trades even though you might have been up after the first 10 trades.
[size=+0]Nearly, but not quite Socrates.SOCRATES said:Yes quite so....
E = MC2
Effiort = More Cash to you Too.
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....For mainstream consumption that is....is what I meant.....starspacer said:[size=+0]Nearly, but not quite Socrates.
As I explained recently in post http://www.trade2win.com/boards/showpost.php?p=292368&postcount=65
“the Master attains applause by either of two opposite paths.”
In this case the opposite of E = MC2 applies equally well.![]()
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