[gethim]

I have 6 years of stock trading experience, tried all strutegies that can give any profit. All my life I depended from my boss or employer, but I hated all that work . So when I learned about stock trading, I really like it. I never felt so easy and relaxed, and saw my great future in trading. That was only the beginning.
Then disappointment, a lot of work, the nerves. There was a time when everything works and you earn lot, and then you lose a lot. There was no stability. I was searching everywhere for it, read many books but all was as before. Smoothly in the selection of literature, I switched to psychology, and in my trading began to notice that the stability can be provided only if there is discipline. I began to understand that this work is not for everyone

Stock trading is a privilege to discipline. If you'll be a manager you'll manage the others, which is 1000 times easier than manage yourself.
Self-discipline has helped me solve my problems in trading. I would like to share my story and listen to others

[natedredd10]

meh...to me while I love Dr. Brett's work I think "trader pyschology" is complete nonsense..
usually this type of thought in your developement as a trader comes after a random streak, winning or losing streak matters not at all, you are just looking for a variable to attache meaning to what is ultimately a stochastic process.
Of course though there is a comfort level with betting, just like there is a comfort level with women. A virgin isn't going to PUA a woman at the grocery store..just doesn't have the experience...not to say they could not but there is a comfort level that comes with repeated trial and error that has nothing to do with the outcome.
An EV+ trade ultimately comes down to your ability to front run liquidity and information, information that is almost entirely uncertain...simple but extremely complex. How comfy you are with your ability to click a mouse is one of the most meaningless variables in the equation.

[collegetrader]

I have a strategy with positive EV and don't care about psychology. Discipline is overrated. Just execute. SOunds to me you don't have an edge.

[pedropips]

Originally Posted by collegetrader »

Discipline is overrated

Discipline is everything.

Many military personal turn traders do very well indeed.

[brownsfan019]

Originally Posted by collegetrader »

I have a strategy with positive EV and don't care about psychology. Discipline is overrated. Just execute. SOunds to me you don't have an edge.

In order to execute w/o emotions requires discipline.

You'll find that out when you trade for a living.

[ektrader]

In order to execute w/o emotions requires discipline.

You'll find that out when you trade for a living.
__________________

Hi Brownsfan,

It's pretty clear that collegetrader nor natedredd10 trade for a living and will probably have a difficult time trying.

Good luck guys and Happy Trading

Ektrader

[chulaihuey]

Originally Posted by collegetrader »

I have a strategy with positive EV and don't care about psychology. Discipline is overrated. Just execute. SOunds to me you don't have an edge.

I am a new trader, and I have to say that at this point in my development the only real edge I do have is to be disciplined enough to stick to my trading plan. Before when a stock I was holding went down I hung on and "hoped" for the best.....Now I get rid of it like a hot potato, as long as that is in my plan.
I agree that I do not want emotions getting in the way of my trading, but for me that takes discipline. Just my opinion.....

[FulcrumTrader]

I have always loved this statement.......

"Save you from yourself"

Psychology and the human nature of the modern man has many embedded TRAPS. For the importance of what I present, just look at all the supposed "smarties" who just had their a$$ handed to them at the institutional level throughout the financial world. Trillions where just blown out these past years from the improper psychological relationship with known reality.

Human nature, even within the context of financial ascension through seeming profitable trading mechanisms, is always wide open for psychological based complete failure. The inability to interact with realtime or long term reality, through psychological misdirectives such as EGO and PRIDE alone, can in an instant set you on a perilous financial course. The decision string of actions created from wrongfully based mentalities, triggered from improper psychology, will place you on a path of doom even as you enjoy short term gains in a realm of invincibility.

It all goes back to "saving you from yourself", and the ability to honestly understand your own ability through improper psychology to at some point completely destroy everything you have worked very had to build.....never forget that unfortunate power that is always within you!