Trading in the zone audiobook
Just used it to download an audiobook It is awfully slow!!! Normally, downloading a file of the size say from a site like download. One other thing I noticed was there was downloading and uploading taken place, split something like What is this uploading about? That'll be the P2P delivery model peer-to-peer common to all torrents, although not restricted to them. It's a convenient and efficient way of delivering downloads where the file in question is split up into small segments which, once received, may be shared around with others also requesting it.
An example might help, for clarity I've reduced it to an easy if unrealistic description. Suppose both you and I want to download a 50Mb file from a P2P torrent and also imagine that quite by coincidence it has been split into 2 smaller data segments, segment A and segment B.
I happen to obtain segment A directly from the originating server, and you simultaneously obtain segment B likewise. The torrent then knows we each have segments the other needs and my machine then downloads segment B directly from you, and you get segment A directly from me.
In that sense we are both uploading the content of our original segments. Net result is we each receive our 50 Mb file, but the originating server has only sent out 50Mb and not had to duplicate the delivery, cutting their traffic costs considerably. Those file sizes are way off but the core idea is there. The more people involved in the torrent swarming is the term , the more efficient they are as the delivery is spread out more.
There are elements of reciprocity often built in give and take as well as supply and demand factors, together this means that torrents tend to start off slowly while your willingness to give is being ascertained, then speed up for the bulk of it, then slow down at the end as you wait on the final pieces you need becoming available.
This is distinct from a straight download request handled by a single server. Without someone uploading, the torrent would simply not work as a torrent. While you can probably control how much is uploaded via the client application, there may be restrictions made server-side to stop people just downloading only.
Anything big, coming from USA sucks, inmho. I am sad to realise, the last few days, that even wikipedia sucks. In order to avoid these negative feelings we may make the mistake of chasing the trade…and losing even more money. The premise of the book is that we need to come to a point where we can trade free of this psychological baggage. We should see that losing trade as nothing more than a probabilistic outcome that went against our position.
We need to see that there was no failure on our behalf and we should be able to observe the market at any given moment with no thought as to whether we are in the trade positively, negatively or not at all. The market just presents us with information about itself and we are there to make trading decisions based on this information, dispassionately and therefore, hopefully, make a profit.
As traders, if we accept these truths, leave our emotional baggage at the door when we come to our trading computer and trade dispassionately, without fear or greed, then we may trade with consistency and profit. As he says, you can make your own system and confirm with backtesting or choose one from a book or one of the many trading system purveyors online: Choose your edge, trade your edge and over time the random distribution will fall in your favour. Where we fall down as traders is in expecting to know the outcome of this specific trade — there is no way we can know!
In the same way that the Casino has no idea what will happen on any given spin of the roulette wheel. But, over trades or trades, with an edge in our favour, if we trade without fear or greed, we can make money trading the markets. When published in it articulated clearly for the first time a number of thoughts that successful traders had espoused, but that the trading community had until that moment not seen codified in one place.
This secured it a spot on most traders book shelf and it should be on yours too. Widely considered essential reading for new traders The Good: Others, well… If you are as self-regarding as I am then you may like to think of yourself as an important and busy person.
There is a random distribution between wins and losses for any given set of variables that define an edge. An edge is nothing more than an indication of a higher probability of one thing happening over another. Every moment in the market is unique. It is that simple. Trading in the Zone Review: We hope you enjoyed this Trading in the Zone book review — Happy trading!