Hey Journal. Let’s type.
Here’s all of the quotes I’ve written down. Good stuff to ponder…or shall I say ‘think about’.
“Thinking is the hardest work there is, which is the reason why so few engage in it”. Henry Ford
"Thinking leads a man to knowledge. He may see and hear, and read and learn whatever he pleases, and as much as he pleases; He will never know anything of it, except as he has thought it over…By thinking he has made it the property of his own mind." Johann Pestalozzi
"Many think they are thinking when all they’re only doing is rearranging their opinions." William James
So, we are moving along. Went onto thinking. But I do want to put down some stuff that I have notes on about learning.
Components used in your discovery processes in your learning. (This comes from 2 different studies done).
[B]Objective finding[/B]—[B]Define problem[/B]----Learning about the objectives your trying to find.
[B]Fact finding[/B]—[B]Determine root cause[/B]----Learn about the facts that you need.
[B]Problem finding[/B]—[B]Develop alternate solutions[/B]----Is the problem a symptom or is it the core?
[B]Idea finding[/B]—[B]Select a solution[/B]----
[B]Solution finding[/B]—[B]Implement a solution[/B]----
[B]Acceptance finding[/B]—[B]Evaluate the outcome[/B]----
There is 2 columns there, on the left was the outcome of a study from someone, and the column on right came from a college study. It’s something how they both came up with pretty much the same conclusions.
So, all I have to do is remember to use this as a guide when I want to discover, learn something.
This next table is some examples, in my trading, that I would delve into. Subjects about trading.
Trading Preferences and Style.
Market Sector/ Contract Fit (Position sizing)
Personal Timeframe/ Time intervals
Personal Trading Process/ Methodology
Personal Risk Threshold/Management
Market Auction Interpretation/ Indicators
Timeframe Identification and Synthesis
[B]Market Context/Content/Condition[/B]–Those 3 are very important. He has mentioned that many times.
Market and Display Pattern Compatibility
Market Evolution/ Change Signals
He wants us to look this up. —Inattentional Blindness. We went through some examples, of like how we don’t see something that’s right there. (So, I should look it up and do a quick study)
[B]TEaM[/B] --Time, Energy, Money.
“The degree to which you effectively capitalize on you TEaM is a ‘tell’ as to how well you manage yourself.”
-We all are individuals who choose where we focus our time.
-Do we focus our time on the past, present, or future?
-People will do things today based on what worked for them in the past. Without exploring new things in the present.
-The people who have the greatest ability to create things and to make things happen and achieve success, are the people focused on the present and the capitalization of their resources including their skills, knowledge and experience.
-How much do I focus my mind on? The past/present/future —Positive or Negative?
-Since this is a choice - I need to be AWARE of what state am I focused on.
Where does it come from?
-Successful traders balance their lives on a health and wellness basis.
-Intake - Healthy diet.
-Output - Aerobics, Anaerobics, weight training.
[B]Assets & Liabilities (valuables & debts)[/B]
[B]Revenue & Operating Costs (Income & Outgo)[/B]
[B]Current Financial Position[/B]
He didn’t really go into money much. Just that one table.
[B]Tips on managing your Team resources[/B]
Know it - Practice it - Own it
Invest - Re-energize - Invest
Use it (Consistently) or lose it
Celebrate ALL that you value — Your wins.
Focus on Your Performance
Suggested Thinking Process Components:
–Immediately review, clarify, and expand recorded notes. (That’s exactly what I’ve been doing)
–Mind Map and/or outline the key points learned.
–List questions on points needing clarification.
–Communicate understanding to ‘x’. —a 3rd party—Like to a child. Seeing how effectively you know it.
Whole Brain thinking.
Well, I didn’t get very much in the explanation of the specifics on left/right differences. Basically I need to study it. But, the bottom line is this. Left brain = logic. Right brain = creatively. We learned that we operate out of one or the other. And it’s impossible to use both at the same time. The best we can do is continually switch back and forth. That’s using the whole brain as best as can. Here’s an example of a schedule I can practice.
Left brain —Daily
Right brain --Evenings
Whole brain --Weekend
Right brain --Bi-Weekly
Whole brain --Monthly
So, I guess, basically I take some time to work on one side, and some time to work on the other side. And take some time to work on both, which is the switching back and forth.
When I think about it, it makes sense. What if I naturally just think only one way? And given the fact that there are multiple ways to think, I need to develop the other areas. I can definitely see why I need to develop my thinking, in regards to trading. Oh, I remember something. He gave us a couple different tests. One was a short paragraph we looked at. He said 'how many f’s do you see? I went through it pretty quickly. Came up with a number (I think it was 5). And after a minute or so…he said there like 14 or so. And we looked and counted together. Geeeez. Am I stupid. (Ha ha ha) I only counted the words that [B]started[/B] with the letter F. I somehow just didn’t see the f, for instance, in the word ‘if’. I just couldn’t believe I didn’t see them. And I get the point. My mind was fixated on only words that started with f.
Then he gave us another test. He said to count the number of blocks you see. And what a dummy. I said 16.
Yeah, there were 4 across the top and 4 going down. 4 x 4 = 16. I was just too quick about it. There’s actually many more blocks, cause you can group many blocks within the whole. And including the one block that encompasses the whole entire picture!!
I guess that teaches me something. First off…I need to slow down, and think.
Ok. Yeah. I need to slow down my thinking, and think.
I just remember something I wrote down a little bit ago. What was it.
I found it. ‘Ask why 5 times!! Don’t accept the first answer.’ And right next to that, in my notes, is this quote. "Our trading’s not the problem. It’s the thinking we do, the decisions we make, and the actions we take or don’t, about our trading. —[B]That’s the problem![/B]
This is good stuff. And I need to remember that it all falls under the category of ‘Core Trader Skills’.
Thinking, in my opinion, has to be at the top of the list.
I’m sorry for such a long post. But this helps me solidify a lot of stuff in my mind.
I’m gonna come back to get out what I need to do.