.mbtTOC{border:5px solid #f7f0b8;box-shadow:1px 1px 0 #EDE396;background-color:#FFFFE0;color:#707037;line-height:1.4em;margin:30px auto;padding:20px 30px 20px 10px;font-family:oswald,arial;display:block;width:70%}.mbtTOC ol,.mbtTOC ul{margin:0;padding:0}.mbtTOC ul{list-style:none}.mbtTOC ol li,.mbtTOC ul li{padding:15px 0 0;margin:0 0 0 30px;font-size:15px}.mbtTOC a{color:#0080ff;text-decoration:none}.mbtTOC a:hover{text-decoration:underline}.mbtTOC button{background:#FFFFE0;font-family:oswald,arial;font-size:20px;position:relative;outline:none;cursor:pointer;border:none;color:#707037;padding:0 0 0 15px}.mbtTOC button:after{content:"\f0dc";font-family:FontAwesome;position:relative;left:10px;font-size:20px} Skip to main content

DAILY MY BRAIN



Daniel kahneman, in his book Thinking fast and Slow made it easy for us by dividing the brain into 02 sects, SYSTEM 1 and System 2. Whereas System 1 is the amaygdala reaction, Fight or flight mode and System 2 is the mind that contemplates and thinks about deeper things in life. We rarely use system 2 and get by our entire life by sustaining on System 1 itself.
Similarly, in the book Untethered soul, it has been explained that constant chit chat happening in the background of our brain is the exact nature of the mind. It just cannot shut up. Judging, peeling, interfering, drawing inference and conclusions on each and every topic and each and every person is the nature of the mind. It has an amazing bandwidth but all is wasted on doing what it does. It just does not have the discretion to say NO. It just keeps thinking BULL SHIT.
In the end I would quote Ed Seykota and you come to see his statement in new light when you link it with meditation and spirituality.
Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money. I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.Source: Schwager, Jack D. (Editor), Market Wizards, HarperCollins (1989), page 172


Comments

Post a Comment

Popular posts from this blog

 NKStock Talk inspired Long term Investment with HM system for my own reference with monthly and weekly charts - As Per NK Sir, Stock price should be above 5 SMA in monthly chart and above 20 SMA in weekly chart with HM system comparative charts (Monthly and weekly) charts of Index and Stocks- Random times- Tried to se HM buy signal with RED line below and BLACK and BLUE line above RED LINE- trying to find the red line above 40 RSI straight and below 50 RSI straight-line. RSI-Strength - BLACK - 9 WMA-VOLUME- RED -21 EMA- PRICE- GREEN -3 and  VWAP is used for Intra-day in 1 hr to 30 min charts.   Price always follow the HIGHER TIME FRAME- if there is a buy signal in higher time frame,  Than there will be BUY SIGNAL in lower time frame ALSO. For  INVESTMENTS CHECK WEEKLY AND MONTHLY CHARTS, MORE THE DISTANCE BETWEEN Volume(RED) and Strength(RSI-Black line) More will be the movement in PRICE.-Steep move in Black line from Red line When the Red line is on Top-It me...
Post a Comment
Read more
 For my own reference - HM SYSTEM CHART Continues... with Hourly n 30 min charts-- It is used for entry- for stocks and spot Index.:as 0n Dec 28-'20                                                                        
Post a Comment
Read more
  For my own reference -- This is a study of the HM system from Nitish Kumar of NKStocktalk.  This is a system to catch the stock movement with the help of RSI, EMA and WMA plotted on RSI to check the price movement in charts- It applies from intraday, daily weely monthly charts on the basis of ones trading or investing horizon. This system takes the higher time frame to check the direction of price movement  to be applied in the lower time to enter the trade. with the help of HM system and Bollinger Band(BB). For Example- If the price is in BUY in monthly system, it should be in buy in weekly system and Entry should be in daily/hourly charts by looking at the price movement on the basis of the HM system together with the BB blast or above the 20 MA of BB.It can be applied in Any market where there is Price to trade. Charts reference for Example- Price , Volume and Strength are 3 things to generate Momentum - 4 waves of market. Volume- Red line-(WMA21-INDICATE Volume) Str...
Post a Comment
Read more