Trading Mind Software

[Jwhite198621]

Just curious if anyone has any experience with Trading Mind software. It is a cd with 10 exercises to train your mind, for trading. Since, I do believe that one must master himself before mastering the markets, I would like to check this out. If anyone has any experience with this software or anything else like this, it would be greatly appreciated.


website link http://www.directyourmind.com/tradingmind.html

Thanks

[aiki14]

	Quote:	Jwhite198621
	Just curious if anyone has any experience with Trading Mind software. It is a cd with 10 exercises to train your mind, for trading. Since, I do believe that one must master himself before mastering the markets, I would like to check this out. If anyone has any experience with this software or anything else like this, it would be greatly appreciated. website link http://www.directyourmind.com/tradingmind.html Thanks

I'd read this before sending your money
http://www.gurubusters.com/Scam_Guru...Bernstein.html

[mcichocki_]

	Quote:	Jwhite198621
	Just curious if anyone has any experience with Trading Mind software. It is a cd with 10 exercises to train your mind, for trading. Since, I do believe that one must master himself before mastering the markets, I would like to check this out. If anyone has any experience with this software or anything else like this, it would be greatly appreciated. website link http://www.directyourmind.com/tradingmind.html Thanks

Sounds and looks like a bunch of marketing BS to me. I mean the PS, PPS, PPPS thing really annoyed me. If you have a good product you don't need that many gimmicks IMO.

If you try it and I'm wrong do let me know though.

[BlowFish]

I have it somewhere. I am not an affirmation sort of guy so didn't use it that rigorously. The other thing was at the time I bought it I don't think I believed some of the affirmations deep down. I might dust it off and give it another go.

I wouldn't like to say yay or nay really.

[Jwhite198621]

Thanks for the help, I may just try to train myself. I've been making a journal of my trades with camtasia and a microphone, and I can already see some of my problems. So anyway, thanks for the help.

[OAC]

I got this piece of software a long time ago as a free bonus of something else that I bought, and I never gave it much attention partly because of Bernstein.
But recently someone told me the software is really good and Bernstein didn't make the software, but someone else did. He just marketed it. The problem is I don't seem to be able to find it, Hmm....

[Jwhite198621]

I actually did a demo of one of the exercises, and it seemed like with continued use it would almost program you to think as a successful trader should. They claim all one needs is 24 minutes a week, and I guess any training activity done for extended period of time, in theory should work. So, either way thanks for the replies to the thread, has been very helpful.

Thanks

[OAC]

Swear to God, this Trading Mind has been around a long long time.
Give Ebay a shot first.

[Jwhite198621]

I grabbed this thing off ebay, for $60. I'll give it a go for 90 days and if it doesn't show some form of improvement I'll just get my money back.

[james_gsx]

You should just read Mark Douglas Trading in the Zone. I think more traders respect him and his books are very valued. He does a great job breaking down why new traders have such a hard time trading and the difference between successful traders.

New traders aren't accustomed to a place with no rules or structures. They feel like they have to know what's next and they have high expectations. These thoughts set themselves up for failure before they even open an account. Most traders feel pain when they are in a trade and it goes against them. Theres no reason to feel any sort of emotion when the market goes against you, the market generates neutral information it's not positive or negative in anyway. New traders expect the market to go their way, and when it doesn't they associate being wrong with pain due to the way we were all brought up.

Successful traders embrace uncertainty, they realize they don't need to know what will happen next. Basically they are rigid in their rules and flexible with their expectations.

One of my biggest problems is paralysis of analysis, I have the hardest time making a trade because I feel like I need to analyze everything to death. The more I start to believe that I don't need to know what will happen next, and I'm certain that the markets are random and can be influenced by just one trader somewhere, then that paralysis slowly fades. I have to train myself to follow my rules laid out by my plan and take full responsibility of my risk. If I'm wrong it just means I'm wrong, I don't expect to be right or wrong, which is why it's so important to define your risk before you enter a trade.

Review here