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rayreid0408
Posts: 2
Joined: Sat Nov 08, 2014 2:00 am

Can someone please explain what is happening in this video it looks like he just clicks on the pink lay square and waits for some magical money to appear. the sound is not that flash so the whole exercise eludes me.Thanks in anticipation of an answer.
THENUTS
Posts: 152
Joined: Mon Sep 10, 2012 9:05 pm

To mere mortals it looks like magic.

Once you understand the markets like Peter does you can replicate this process over and over again.

There is one small issue. Understanding the markets in the manner required to be consistently profitably takes a huge amount of patience , time , self sacrifice , disipline and a number of other attributes that most people are unable to manage effectively.

Very few things in life are free. Trading is not one of them..................
Alpha322
Posts: 932
Joined: Fri Oct 30, 2009 4:45 pm

THENUTS wrote:To mere mortals it looks like magic.

Once you understand the markets like Peter does you can replicate this process over and over again.

There is one small issue. Understanding the markets in the manner required to be consistently profitably takes a huge amount of patience , time , self sacrifice , disipline and a number of other attributes that most people are unable to manage effectively.

Very few things in life are free. Trading is not one of them..................
Well said, its not free money, it has to be worked on and it took me 5 years
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Euler
Posts: 26452
Joined: Wed Nov 10, 2010 1:39 pm

I read this post as, not sure how this was done rather than can it be done?
THENUTS
Posts: 152
Joined: Mon Sep 10, 2012 9:05 pm

Not sure thats the case Peter. The video refered to makes it look like you can just lay low and back high or back high and lay low , all in a couple of clicks with virtually no effort or knowledge and pocket a few quid whenever you want " as if by magic "

Although that is the case with you as you are now an " unconcious competent " the reality for the uneducated is that it could easily look like some kind of con as in " nothing is free and it can't be that easy ". Of course it isnt , but the video could be perceived that way.
THENUTS
Posts: 152
Joined: Mon Sep 10, 2012 9:05 pm

Perhaps i was not giving Peter enough credit when i said " concious competent "

It seems there may be a fifth level descibed as " enighted competence "

It is described as this :

"the person has not only mastered the physical skill to a highly efficient and accurate level which does not anymore require of him conscious, deliberate and careful execution of the skill but instead done instinctively and reflexively, requiring minimum efforts with maximum quality output, and is able to understand the very dynamics and scientific explanation of his own physical skills. In other words, he comprehends fully and accurately the what, when, how and why of his own skill and possibly those of others on the same skill he has. In addition to this, he is able to transcend and reflect on the physical skill itself and be able to improve on how it is acquired and learned at even greater efficiency with lower energy investment. Having fully understood all necessary steps and components of the skill to be learned and the manner how they are dynamically integrated to produce the desired level of overall competence, he is thereby able to teach the skill to others in a manner that is effective and expedient."

This i believe is the dream for al traders...........
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Euler
Posts: 26452
Joined: Wed Nov 10, 2010 1:39 pm

I enjoy a good round of golf like many people, but I don't get upset if I don't qualify for the PGA tour at the end of the season. But with a bit of practice I know I'll enjoy it even more and get a bit better.

Any body starting trading should feel the same.
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