Originally Posted by zdo RE:
I'm thinking I would get much more authentic answers from traders (with own life examined,etc) than ‘them’. |
Ultimately - we are responsible for our own work, however I would say that definitely some people - be they traders or therapists - are better at others in getting to the crux of a problem AND then being able to explain why and how to fix it.
(I myself find that I need to improve my descriptions of things when writing)
So given that a therapist may be good if they are good at solving a problem, whereas a trader may actually be terrible at this element of it even though they have the experience and mean well.
The best experience is your own.....and hard work.
secondly...."Many of the issues faced by traders that are pparently 'psychological' , really have no psychological solutions at all"
I think the original bet for the turtle trading experiment shows this to be false. They were given the same rules, opportunities etc. What caused some to follow the rules and succeed and the others to not follow the rules.
As I could tell it was only down to the psyc reasons?
If so then there are plenty of tricks/tips that are possible to do to improve the mental thoughts and habits to follow the rules. (testing, keeping journals, making plans, research, regular holidays, scaling down trades when on a loosing streak)
Most of the success of people in all walks of life, but also in all forms or trading can be defined by their habits and thought processes.
It always reminds me of a set of questions a few of us used to ask..... does an idiot/fool know they are an idiot?
How do you incentivise someone who is inherently lazy and just will not do the work required - even if they have certain natural talents?