resources to learn technical analysis ?

[AstuteShift]

Finally, and I don't think enough ink has been given to this topic, but how to execute on a particular set-up? One could formulate a highly accurate TA on a particular asset, and align it well with a dominant trend and taken herd sentiment into consideration, but lacks the balls to enter or exit a given position in a significant manner. So heart and guts are arguably as important as brains.

I've known quite a few mediocre traders (by results) who are amazing at predicting price action over a given time frame, but when push came to shove, they are too afraid to enter positions, or exit them appropriately, due to their emotions overwhelming them.

There is only one thing to say when it comes to exceuting. You have to master your fear, not control it for if you control it will escape one day and the damage will be massive. You have to understand that fear is a useless emotion than like some of the other traders in this forum, you will find yourself smiling on down days.

The other thing to understand is that you can't win all the time, it's part of life, but you will win most of the time if fear is not part of the equation.

Indeed, what’s extremely interesting to me is seeing the pattern unfold and imagining how you would do it

For example stocks going to a new high but the indicators obviously point to a lower high then drops like a rock when the stock tumbles to extremely oversold ranges

Then splitting the cost average into threes or twos. Of course you can’t win all the time but damn it is pretty dam close to legendary trading.

[Yodean]

There is only one thing to say when it comes to executing. You have to master your fear, not control it for if you control it will escape one day and the damage will be massive. You have to understand that fear is a useless emotion then like some of the other traders in this forum, you will find yourself smiling on down days.

The other thing to understand is that you can't win all the time, it's part of life, but you will win most of the time if fear is not part of the equation.

Fear is an interesting one. Physiologically, the body really can't tell the difference between excitement, fear, and a strongly inspired creative state, i.e. the hormone profile, central nervous system activation specifics, etc. during all those states are pretty similar, from my understanding of the studies that have looked at this.

It's our thoughts and interpretation of the context in which these feelings arise that determine if we call them "fear," or "excitement," etc.

So I don't think fear is useless per se. I tend to try to embrace so-called feelings of fear and transform them into excitement, energy, etc. Generally works pretty well, but it's a skill that needs practice, like any other.

As you alluded to in your post, trying to control fear and fight it generally results in resistance, and potentially leads to suppressed and blocked feelings (i.e. Shadow elements) that come back later in unexpected ways.

These crazy markets have been great for me. Last year was my best year ever, as far as investing is concerned, with net seven-figure USD gains, despite a lot of fairly terrible exit points, by my standards. This year, and I understand the situation may change quickly, but there's an outside shot that I could beat last year, depending on what happens in the fall. So "emotional alchemy" seems to work, at least for me. And simply just understanding what the Fed does and really is, beyond mainstream ideas, is very helpful.

So I am more in the camp that believes no emotions are truly "bad," since one may use "emotional alchemy" and transform the "negative" ones (by mainstream standards) into something more useful and fun.

[SOL]

Finally, and I don't think enough ink has been given to this topic, but how to execute on a particular set-up? One could formulate a highly accurate TA on a particular asset, and align it well with a dominant trend and taken herd sentiment into consideration, but lacks the balls to enter or exit a given position in a significant manner. So heart and guts are arguably as important as brains.

I've known quite a few mediocre traders (by results) who are amazing at predicting price action over a given time frame, but when push came to shove, they are too afraid to enter positions, or exit them appropriately, due to their emotions overwhelming them.

There is only one thing to say when it comes to exceuting. You have to master your fear, not control it for if you control it will escape one day and the damage will be massive. You have to understand that fear is a useless emotion than like some of the other traders in this forum, you will find yourself smiling on down days.

The other thing to understand is that you can't win all the time, it's part of life, but you will win most of the time if fear is not part of the equation.

Indeed, what’s extremely interesting to me is seeing the pattern unfold and imagining how you would do it

For example stocks going to a new high but the indicators obviously point to a lower high then drops like a rock when the stock tumbles to extremely oversold ranges

Then splitting the cost average into threes or twos. Of course you can’t win all the time but damn it is pretty dam close to legendary trading.

You have enough to leave the DUMP that Canada has become and become a perpetual traveller. You could also give up your citizenship and acquire a second one where taxes are low to non-existent (there are some good ones/counries or via your wife) and kiss goodbye to those Canadian taxes. The West has hit the point of no return. A 30 to 60-year cycle that includes the complete elimination of freedom is underway. This discussion is beyond the scope of the market update but I will allude to it from time to time here

[Yodean]

Indeed, what’s extremely interesting to me is seeing the pattern unfold and imagining how you would do it

For example stocks going to a new high but the indicators obviously point to a lower high then drops like a rock when the stock tumbles to extremely oversold ranges

Then splitting the cost average into threes or twos. Of course you can’t win all the time but damn it is pretty dam close to legendary trading.

You have enough to call the DUMP that Canada has become and become a perpetual traveller. You could so give up your citizenship and acquire a second one where taxes are low to non-existent (there are some good ones or via wife) and kiss goodbye to those Canadian taxes. The West has hit the point of no return. A 30 to 60 year that includes the complete elimination of freedom is underway. This discussion is beyond the scope of the market update but I will allude to it from time to time here
[/quote]

@Sol: misclick? Or too much methylene blue again? Just kidding.

Yes, Canada is basically a censored-socialist-welfare state at this point, with the possible exception of Alberta (the Texas/Florida of Canada).

There is a bit of truth to the stereotype that Canadians tend to be polite, law-abiding citizens that readily obey all authorities. Look at how polite Centeron is in his posts here, for example. I bet you could mindlessly insult him in this forum and he wouldn't do anything, lmao. The immature "I" in me thought about doing this, just for fun.

Trudeau has already months ago slipped in a bill or two for Parliamentary consideration (I've lost track of progress of these bills) that will allow the government to decide who is allowed to use the internet and what information may be posted publicly. Unbelievable but true.

I still love Toronto, though. The food is still really awesome, overall. My wife is a bit younger than me and still enjoys her full-time job, so there's that. But yes, we do intend to become digital nomads at some point.

We're non-jabbed, and at this point, I'm not completely comfortable flying - most pilots have been jabbed, and you probably know where I am going with this so I'll stop here.

[SOL]

Trudeau has already months ago slipped in a bill or two for Parliamentary consideration (I've lost track of progress of these bills) that will allow the government to decide who is allowed to use the internet and what information may be posted publicly. Unbelievable but true.

That is just the start, you ain't seeing anything yet. Tomorrow never comes, So all that one has is the dream of doing something that keeps playing in the foreground and leads to the next disease called Hope. Hope springs eternal but the rewards are miserable.

I still love Toronto, though. The food is still really awesome, overall. My wife is a bit younger than me and still enjoys her full-time job, so there's that. But yes, we do intend to become digital nomads at some point

.

Toronto is great, I have been there many times but there are many places that blow the hell out of it. For example, I think in terms of excitement provide Ho Chi Minh was a great place to be pre-covid. If you are looking for a mixed cup of excitement, good food, and scenery, then there are a plethora of places between Ukraine to Romania that offer these delights.

We're non-jabbed, and at this point, I'm not completely comfortable flying - most pilots have been jabbed, and you probably know where I am going with this so I'll stop here.

As for your wife working, well as they say. Safety comes with a price and one can always pick up a new trade. I know what you are talking about when you mention too many pilots being jabbed. However, Ivermectin has been shown to help.
I know several people (and I know them well) that did not catch COVID even though their siblings or spouses had it, because they took ivermectin as soon as their spouses/children were diagnosed with COVID.

Turkey and Greece are two of many countries that are quite easy to get to. Canadians are unusually polite but that is what could get them in deep trouble as they keep silent while nutcase Trudeau uses their heads like footballs

[Triplethought]

I know several people (and I know them well) that did not catch COVID even though their siblings or spouses had it, because they took ivermectin as soon as their spouses/children were diagnosed with COVID.

Turkey and Greece are two of many countries that are quite easy to get to. Canadians are unusually polite but that is what could get them in deep trouble as they keep silent while nutcase Trudeau uses their heads like footballs

My girlfriend didn't catch Covid despite me having a nasty "break out" case of Delta variant (I got it bad even with pfizer vaccine early). And she didn't take ivermectin by the way. We can't really draw any scientific or predicative conclusions based on personal medical experiences. Anecdotal evidence is disregarded in science (and should be) because it's not statistically significant nor does it occur under controlled conditions.

Neither Turkey or Greece are desirable to me from a governance perspective. Nice places to visit from a history perspective but kind of shit holes in many respects. I'd sooner live in Canada where they rob me via laws rather than rob me via corruption or violence or general illegality.

[AstuteShift]

Canada is insane then again I’m insane for staying in NYC for so long. Planning my escape before more crazy idiotic laws get passed.

Western countries are pretty much turning authoritarian, trend is there and can’t ignore

Only solution is to leave, that’s it. Many stay for the hopes of an American dream but they will just get a nightmare

[Yodean]

Canada is insane then again I’m insane for staying in NYC for so long. Planning my escape before more crazy idiotic laws get passed.

Western countries are pretty much turning authoritarian, trend is there and can’t ignore

Only solution is to leave, that’s it. Many stay for the hopes of an American dream but they will just get a nightmare

Tying it in a bit with the 4th way, one ideally would be able to "Work" anywhere, under any external circumstances. That's the ideal, in any case. Or perhaps that's just an aspect of my False Personality self-justifying the desire to stay comfortable, as I get boiled slowly like the proverbial frog. At this point, apart from inducing very temporary and occasional bouts of irritation, the Canadian government's various decrees no longer touch my inner core to any significant extent.

A lot is changing, very quickly, everywhere. We are living through historic times. In a very real way, it is all very exciting - look at how active this forum has become, with subscribers exchanging ideas, links, etc. on a variety of interesting topics.

Flowing "intellectual currency," in a sense.

The Chinese character for "crisis," to my knowledge, contains the symbol for "opportunity."

[Triplethought]

Canada is insane then again I’m insane for staying in NYC for so long. Planning my escape before more crazy idiotic laws get passed.

Western countries are pretty much turning authoritarian, trend is there and can’t ignore

Only solution is to leave, that’s it. Many stay for the hopes of an American dream but they will just get a nightmare

Tying it in a bit with the 4th way, one ideally would be able to "Work" anywhere, under any external circumstances. That's the ideal, in any case. Or perhaps that's just an aspect of my False Personality self-justifying the desire to stay comfortable, as I get boiled slowly like the proverbial frog. At this point, apart from inducing very temporary and occasional bouts of irritation, the Canadian government's various decrees no longer touch my inner core to any significant extent.

A lot is changing, very quickly, everywhere. We are living through historic times. In a very real way, it is all very exciting - look at how active this forum has become, with subscribers exchanging ideas, links, etc. on a variety of interesting topics.

Flowing "intellectual currency," in a sense.

The Chinese character for "crisis," to my knowledge, contains the symbol for "opportunity."

If we really thought we could work anywhere there are some very inexpensive places to relocate. Alas I fear the US and Canada are among the "best horses in the glue factory". My criteria include English speaking (I'm unilingual), Good rule of law (ie UK, NZ, AUS and a few others), first world wealth and health (shit hole countries are not fun), educated population (ignorant neighbors aren't fun), weather (Hot or cold is of course individual choice). These issues trump cost of living in my case.

The US is slipping on "rule of law" - ie non-enforcement of immigration and vagrancy laws as well as non-enforcement of shoplifting and other laws. It May be time to learn German or Japanese. Maybe my buddy who moved to NZ had the right idea, despite their rather socialist leanings.

[ultramartian]

The Chinese character for "crisis," to my knowledge, contains the symbol for "opportunity."

危機
Danger & opportunity = crisis

The good news for Canadian is, Alberta is removing all COVID restrictions on August 16.

[Yodean]

危機
Danger & opportunity = crisis

The good news for Canadian is, Alberta is removing all COVID restrictions on August 16.

Lol, yes, my spoken Mandarin is about an 11-year-old's level, and I've mostly forgotten all my written Mandarin (left Taiwan when I was six).

With respect to Alberta, it's a bit like the Texas/Florida situations - the federal and other provincial health authorities in Canada are already criticizing Alberta's planned removal of cv19 restrictions, and saying that if and when the "fourth wave" of cv19 comes later this year, it'll be Alberta's fault, as well as the un-jabbed. More polarization, more division, more fighting, etc.

We live in interesting times - another Chinese saying.

[SOL]

If we really thought we could work anywhere there are some very inexpensive places to relocate. Alas I fear the US and Canada are among the "best horses in the glue factory". My criteria include English speaking (I'm unilingual), Good rule of law (ie UK, NZ, AUS and a few others), first world wealth and health (shit hole countries are not fun), educated population (ignorant neighbors aren't fun), weather (Hot or cold is of course individual choice). These issues trump cost of living in my case.

The US is slipping on "rule of law" - ie non-enforcement of immigration and vagrancy laws as well as non-enforcement of shoplifting and other laws. It May be time to learn German or Japanese. Maybe my buddy who moved to NZ had the right idea, despite their rather socialist leanings.

Again, it all comes down to perspective and false illusions. For example, several associates of ours live in Turkey, Greece, Ukraine, Bulgaria, etc. And they all state that if you make minor adjustments, it’s not a big deal. I can kind of attest to this as I have travelled to roughly 45 countries, and when I was a bit more adventurous, I even visited parts where MS 13 hangs out. Not sure I will repeat that adventure again.
I have been in Turkey; I spent over 3 months there and never ran into an issue. In Greece, I loved the island of Rhodes (Rhodos) and wanted to go to Ikaria but was short on time. Ikaria is a place that is famous for its centenarians.
Some simple steps these guys take are
1) Most of their funds are kept outside in US or Western-based banks. They use ATMs to withdraw money they need. If they need more, they maintain US or Euro accounts at the local institutions with small balances, wire the funds to these accounts and withdraw them immediately.
2) Turkey has some state-of-the-art hospitals, and so does Greece, its really only the poor that suffer as they have to go to the cheaper government-subsidized hospitals. Even the Philippines has hospitals that will put many of those in the US to shame. And the one great benefit is that in most of these countries, the Dr’s will actually listen to you instead of treating you like a kid.
3) Ukraine and Bulgaria lag a bit in terms of advanced medical care. So that is one downside. But if you are taking care of yourself well, then the only things you would need to worry about are getting hit by a truck or catching something like flu, pneumonia, or some other diseases they most likely are capable of handling.
4) One great place that most people don’t know about is VANUATU.
5) Most individuals don’t spend all the time in one country; they oscillate between 2 to 3 countries, and today’s tech makes it 10X easier than, say, 7 years ago. A small list of countries they oscillate between, Lithuania, Latvia, Ecuador (easy to set up as the USD is their local currency), Vietnam, Thailand, Slovakia, Poland,

Overall, the trend indicates that more and more individuals will embrace the digital nomad style, especially those who can work remotely. It is a trend in motion. All that is left is for this trend to gather momentum, and AI will most definitely ensure that this trend moves to the ballistic phase.
In the end, it comes down to personal preferences and choices. The more one travels, the more one broadens one’s horizons. However, going for a vacation where you sit in a sandbox and don’t explore the area does not count as visiting a new place. As we speak, several of our subscribers are making moves to embrace this lifestyle and 90% of them are from the US.

[Yodean]

Again, it all comes down to perspective and false illusions. For example, several associates of ours live in Turkey, Greece, Ukraine, Bulgaria, etc. And they all state that if you make minor adjustments, it’s not a big deal. I can kind of attest to this as I have travelled to roughly 45 countries, and when I was a bit more adventurous, I even visited parts where MS 13 hangs out. Not sure I will repeat that adventure again.
I have been in Turkey; I spent over 3 months there and never ran into an issue. In Greece, I loved the island of Rhodes (Rhodos) and wanted to go to Ikaria but was short on time. Ikaria is a place that is famous for its centenarians.

Some simple steps these guys take are

1) Most of their funds are kept outside in US or Western-based banks. They use ATMs to withdraw money they need. If they need more, they maintain US or Euro accounts at the local institutions with small balances, wire the funds to these accounts and withdraw them immediately.
2) Turkey has some state-of-the-art hospitals, and so does Greece, its really only the poor that suffer as they have to go to the cheaper government-subsidized hospitals. Even the Philippines has hospitals that will put many of those in the US to shame. And the one great benefit is that in most of these countries, the Dr’s will actually listen to you instead of treating you like a kid.
3) Ukraine and Bulgaria lag a bit in terms of advanced medical care. So that is one downside. But if you are taking care of yourself well, then the only things you would need to worry about are getting hit by a truck or catching something like flu, pneumonia, or some other diseases they most likely are capable of handling.
4) One great place that most people don’t know about is VANUATU.
5) Most individuals don’t spend all the time in one country; they oscillate between 2 to 3 countries, and today’s tech makes it 10X easier than, say, 7 years ago. A small list of countries they oscillate between, Lithuania, Latvia, Ecuador (easy to set up as the USD is their local currency), Vietnam, Thailand, Slovakia, Poland,

This is useful data. Merci beaucoup. I have cut and pasted this into my Ninjedi journal and forwarded it to a select group of potential Digital Nomads as well. Maybe one day, we will meet up with you in Vietnam - I just learned a cousin-in-law, who is a commercial pilot currently based out of the U.K., has been reassigned to Vietnam for his next contract.

Gonna wait a year at least before flying, for all the adverse side effects of the cv19 jabs to reveal themselves, especially those involving pilots.

[Centeron631]

For Me inward travel "of being present", is the miracle, and is infinity - there is no more! no greater.

And i will not leave Canada as that is where my true loved ones r (the ones i'd give my life for), My two children and each their two children. (full disclosure)I am not naturally an adventurer and also Health challenges make me less so and i do not do victim stuff or resent that i cannot do what the crowds do or others do or do much of usual socialization) (but i have the present of the present at least more often than not). Yes my taxes r horrendous (and if i did not have to manage my health shortened energy over the decades I might just be "the" protestor of taxes); i might get a bit more travel in but for now im good in a plane for about 4 hrs max before my body starts to scream too loud. Yes rather than get upset about taxes any longer have changed my mindset to think of it as doing charity work and that takes some of the sting out (know that will sting some of U). I will vote again against Trudeau.

[Budge]

For Me inward travel "of being present", is the miracle, and is infinity - there is no more! no greater.

And i will not leave Canada as that is where my true loved ones r (the ones i'd give my life for), My two children and each their two children. (full disclosure)I am not naturally an adventurer and also Health challenges make me less so and i do not do victim stuff or resent that i cannot do what the crowds do or others do or do much of usual socialization) (but i have the present of the present at least more often than not). Yes my taxes r horrendous (and if i did not have to manage my health shortened energy over the decades I might just be "the" protestor of taxes); i might get a bit more travel in but for now im good in a plane for about 4 hrs max before my body starts to scream too loud. Yes rather than get upset about taxes any longer have changed my mindset to think of it as doing charity work and that takes some of the sting out (know that will sting some of U). I will vote again against Trudeau.

Know how you feel. Four grandkids 10 and under. I hope we get the opportunity to vote against these vile pols but I fear we'll have another health crisis, maybe in-grown toenails or something equally serious, that'll give them the chance to postpone elections.

Having read the book "something wicked this way comes", little did I think I'd be living it.

These people need to heed the motto of Virginia: sic semper tyrannis.