Rule # 10 Never believe anything you see, hear, read, or think.
First off, what you see, hear and read. People tell a lot of stories, some of the deliberately false to mislead you. But most often, you will see the ones who want their ego stroked.
I recall this one guy that was showing off his predictive powers using Elliot wave. He had a lot of people fooled so I started doing the same. I was calling exact direction, all the turning points. And then revealed my secret to how he always had the direction right.
He took screen shots and waited for the markets to move. Then he drew the waves on them and took current screen shots and posted them together. And people believed him. Why? Because they wanted to believe that markets are predictable and they can beat this game. It was so easy to see if you took the time to look. I had already discovered that the market is not predictable so it was easy for me to expose his ego trip.
But there is even a more powerful force that will ruin your trading account. It's a big one ---> Don't believe everything you think.
This one is so big, so much of a game changer that getting this point right may be your turning point. I think it may have been mine. I am going to drive this point home in my next post. For now just contemplate this point - DON'T BELIEVE ANY THOUGHT THAT COMES INTO YOUR BRAIN.
First off, what you see, hear and read. People tell a lot of stories, some of the deliberately false to mislead you. But most often, you will see the ones who want their ego stroked.
I recall this one guy that was showing off his predictive powers using Elliot wave. He had a lot of people fooled so I started doing the same. I was calling exact direction, all the turning points. And then revealed my secret to how he always had the direction right.
He took screen shots and waited for the markets to move. Then he drew the waves on them and took current screen shots and posted them together. And people believed him. Why? Because they wanted to believe that markets are predictable and they can beat this game. It was so easy to see if you took the time to look. I had already discovered that the market is not predictable so it was easy for me to expose his ego trip.
But there is even a more powerful force that will ruin your trading account. It's a big one ---> Don't believe everything you think.
This one is so big, so much of a game changer that getting this point right may be your turning point. I think it may have been mine. I am going to drive this point home in my next post. For now just contemplate this point - DON'T BELIEVE ANY THOUGHT THAT COMES INTO YOUR BRAIN.
Ecclesiastes 1:9
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