How best to fight the mental game...

[thetradingdoctor]

Yes, Walter. Dopamine is one of the major chemicals that is responsibile for the feeling of being what is called "high." In fact, the street people know about dopamine which is one of the reasons they call some drugs "dope." Cocaine, which produces this sense of power, strength, stay up for hours, etc acts through release of dopamine in the brain. Hope this helps, Walter!

Janice

[PYenner]

Doc

The wellbeing/balanced sensation that comes with meditation is associated with alpha wave brain activity but I cant associate it with any single chemical. Do you know of which chemical or chemicals seem to be beneficially involved? May not be a simple answer.

Also depression tends to go with dopamine suppression, or have I got that back to front? I wonder why they dont sell dopamine instead to prozac, I don't trust that stuff, too many suicides when they come off abruptly. Might be better to stick with natural stuff imo.

[thetradingdoctor]

Hi Pyenner,

There appears to be enhancement of both alpha and gamma brain waves during meditation. The gamma waves are more difficult to see, but experients on experienced meditators ( primarily Buddhist monks- many of whom do little else but meditate) have shown a clear preponderance of gamma brain wave activity.

Re: antidepressant medication: The three main brain chemicals which are affected by antidepressant medications ( such as Prozac) are serotonin, epinehprine and monoamine oxidase. There is no antidepressant to my knowledge that affects dopamine selectively. Prozac and most of the newer antidepressant drugs are called selective serotonin uptake inhibitors. This means that they provide excess serotonin by blocking the normal serotonin reuptake at the connection between two nerve cells ( this connection is called a synapse and there are something like 10 quadrillion synapses in the human brain--lots of synapses!). Serotonin is known to be depleted in suicidal and depressive states, thus the use of Prozac-like drugs to treat depression. There are likely thousands of brain chemicals and our knowledge ( despite the decade of the brain and the logarithmic acceleration of technology) is still primitive in this area.

Hope this helps!

Thanks!

Janice

[arifwise]

these are all wonderful traders sharing. may all of you be bless with abundance of love, health and money.

being grateful with pocketed profit always - feel bless. print out the charts helps and fine tune stop-loss and profit taking. you see your profit taking signals and out you go. live your trading plan and be happy then you live longer as trader

What exactly is your psychology?

In short, your psychology refers to your emotional responses to a given situation…In trading, fear, greed, vanity, pride, hope, jealousy, denial - all these can affect investment decisions. Although your aim in the market is to maximize your profit and minimize your risk, emotions often make this easier said than done.

For example, traders who react emotionally, make the wrong decision – such as the common mistake of holding a losing position in the belief that someday it will become a winner.

This classic mistake is called loss aversion. Loss aversion refers to the tendency for people to strongly prefer avoiding losses than acquiring gains. Some studies suggest that losses are as much as twice as psychologically powerful than gains. Loss aversion compels most traders to hold a losing stock while it plummets downward. This clouded judgment clearly contradicts the trading adage “cut your losses.”

These investors also engage in other forms of irrational behavior, like attributing success to skill, and losses to bad luck. Worst of all, this is just the tip of the iceberg when talking about the other devastating effects of trading using your emotions.