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Michael:

I have just finished reading your communication on the “why sell system..” Here is my take on it. It is perfectly honorable to sell [a] system. I think there are two broad groups of people who buy systems.

One group who buys these with expectation that they are buying a machine to print money tomorrow are set up for immediate disappointment. They can’t/don’t follow it and experience it in real life and do only in bits and pieces and eventually abandon it.

The other group buys system as first step towards their education and if it works out for them they work on improving the system to match their needs and personality. Eventually they end up with something that has basic foundation they started with but totally different parameters etc.

So both group ends not using system they started with but they have entirely different outcome in the process. It is like attending High School: some people finish that and some don’t.

This is a complete hypothesis on my part, so do let me know if you have any insight on what happens after people buy your or any other system.

I can’t see how people think that if they buy anything from me that it is a machine to print money. Unless they are delusional. In terms of ‘system learning’ the Turtle experiment proved rules could be taught. Sure, you can modify, but it’s still trend following.

Insight after they buy? https://www.trendfollowing.com/success.

Of course, I am sure some don’t trade for any number of reasons. However, trying to figure that out is like studying fundamentals–a never ending futility.

Forget Fear, Feel Pressure

People that came from *other* countries founded America. Many, many of them in 1700s, 1800s and early 1900s brought with them something very special–the desire to move beyond the stale and dysfunctional economies and governments of their home countries. Coming to America was the smack you in the face adrenaline rush opportunity to kick royal ass. When you know how bad it is in your home country, and you come to a blank slate new place like America, one that is saying loud and clear “capitalism or bust”, you go for it and hard. Now, American capitalism or bust is gone for the vast many and I think I know why: perspective. Americans no longer have perspective. A big reason: It is relatively isolated geographically. Travel to the far corners of the globe from America is not quick and that original America is number one belief horse blinders out the competition. Not so smart in 2014. If you don’t know how much ass your neighbors in Asia, India, etc. are kicking (and watching TV shows doesn’t give the true feel), then how can Americans truly be expected to have the eye of the tiger? So instead of feeling pressure, Americans feel fear. And fear doesn’t motivate. Fear drives people to politicians promising milk and cookies. I don’t expect this perspective to change for the majority, but you can change this perspective for yourself by traveling, innovating, creating and trading. You only have one life and the thought of looking back at age 85 to remember the fond days of office cube existence working diligently for the man…isn’t that depressing?

You Think It Is All About Lucky Survivors? Wrong. It Is About Effort!

Jonah Lehrer writes:

Because work isn’t fun. It doesn’t matter if we’re engaging in deliberate practice or studying algebra – the most necessary activities are often the least pleasant. Furthermore, success requires that people learn how to exert effort for extended periods of time, engaging in 10,000 hours of practice (+/- 5000 hours), suffering through 12 years of school and going through draft after draft. There are no shortcuts: even those blessed with raw talent still need to stay on task. Practice is never optional.

Consider the work of Francis Galton, the 19th century British polymath who spent decades amassing biographical information on the lives of eminent judges, politicians, poets, musicians and wrestlers. Although Galton hoped to identify the hereditary origins of genius – he wanted to lend support to his cousin Charles Darwin’s new theory of evolution – he eventually concluded that innate intelligence was not sufficient for high-achievement. Rather, these successful men needed to also be blessed with “zeal and with capacity for hard labour.”

Who said work isn’t fun?

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