Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

zdo

Be Your Own Client

Recommended Posts

Be your own client?

 

For snicks, let’s flip it. Trading forums have piles and piles of ‘be your own trading therapist/ psychologist / coach” threads and posts PLUS just about all the posts that are outright anti-psychology or those simply taking the ‘you don’t need psychology’ / ‘develop an edge and system and then if you have issues, deal with them ‘ position are ultimately be you own ‘therapist/ psychologist / coach’ positions…

 

Being your own client presupposes some excellence at being your own therapist/ psychologist / coach…

(at the risk of being permanently banned) here is a link

The Mindful Therapist Siegal, Daniel J.

WW Norton 2010 ISBN: 978-0-393-70645-1

 

Notes:

1) The material referenced is but another model. It is not necessarily truth… ie I’m making no assertions that it is a truthful or accurate model

 

2) If you get past the first chapter and start wondering how the material is applicable to you if you’re just sitting there alone at your tradestacion – just remember, those ‘sponge’, ‘spindle’, insula cells, etc etc. are plenty active at simulating whether you are relating directly to an other or not… etc etc…

and the ‘density’ of these and other specialized 'relational' regions has a lot to do with your personal forays into trading to begin with…

 

Be your own...

Share this post


Link to post
Share on other sites

Be your own...

 

Accountant / best friend... I think far too much is made of trading psychology.

 

A good friend will tell you when you're pissing on yourself... your accountant will tell you when you're leaking money like a sieve. The choice is always yours as to what to do about it. There are people who go from one bad decision to the next... never grasping the personal responsibility required to be successful. They lay blame on misfortune as if misfortune happens to all... it doesn't.

 

The best therapy there is... making money. The road to get there is responsibility... trader psychology... not so much.

Share this post


Link to post
Share on other sites
Be your own client?

 

Notes:

1) The material referenced is but another model. It is not necessarily truth… ie I’m making no assertions that it is a truthful or accurate model

 

 

Be your own...

 

It's a great advice for all the people start to learning. You are very right. We need to know what's truth behind the story, just like the stock market information. Furthermore, there is no rules 100% right in interaction system.

 

Be your own... it's a great word....self finding problem and be able to self debugging is the power for Be your own, although it's not easy. Thanks for this tread.

Share this post


Link to post
Share on other sites
Be your own...

 

Accountant / best friend... I think far too much is made of trading psychology.

 

A good friend will tell you when you're pissing on yourself... your accountant will tell you when you're leaking money like a sieve. The choice is always yours as to what to do about it. There are people who go from one bad decision to the next... never grasping the personal responsibility required to be successful. They lay blame on misfortune as if misfortune happens to all... it doesn't.

 

The best therapy there is... making money. The road to get there is responsibility... trader psychology... not so much.

 

Dear Captain Obvious,

“Those who don’t need trading ‘psychology’, don’t need it.

Those who do need it, really do need it.”

 

Sincerely,

 

Captain WellDuh

 

Having a bit of trouble making sense of your post. For one, most likely if a friend has to tell you that you’re pissing all over yourself and an accountant has to tell you that you’re bleeding money too fast, then most likely your 'choices' are also always going to be limited as to what you can do about it

...and if a friend has to tell you you’re pissing on this thread... ;)

 

Easiest thing to do would be to throw your predicted post onto the examples pile of “just about all the posts that are outright anti-psychology or those simply taking the ‘you don’t need psychology’ / ‘develop an edge and system and then if you have issues, deal with them ‘ position are ultimately be you own ‘therapist/ psychologist / coach’ positions/posts…”. Basically it seems your comments about ‘responsibility’ do that exactly…

 

I’ll add a few comments just to keep it ET up in here… like… If you’re arguing that if one has character they don’t need ‘psychology’… great deal of truth to that… but this is not the thread for that conversation.

On a case by case basis though it’s quite possible to have quality character and still need work in widening individual and specific mental, emotional, etc. tolerances and resilience.

 

Improving ‘ability to respond’ (responsibility) AND ‘ability to project’ (anticibility :roll eyes: ) in performance work is precisely the purpose of the first post.

 

So, while I can agree with you that "I think far too much is made of trading psychology”

(heck I don’t really even know what ‘trading psychology’ is and don’t really relish what I do ‘know’ anymore, and I have implored them to change the sub forum name to Trader Development … or anything but Trading Psychology … yet through all that I still do know enough to be able to recommend that you re-check your own constructs of what ‘trading psychology’ is :) )

… anyways… the reality remains that because of individual differences, some people really do need professional help / help from others with certain and varying ASPECTS and STAGES of their development as traders. (and, btw, for various conditions, other modalities are far more appropriate than ‘psychology’... but that too is off topic )

 

A few won’t ever need any help at all… some can do it via ‘be your own‘ self help… some only need a little help… and some need a lot…etc...

 

jpennybags, this thread is to assist those who may be able to do it via ‘be your own‘ self help … not about whether ‘trading psychology’ is useless bullsht or not…

Share this post


Link to post
Share on other sites
Having a bit of trouble making sense of your post. For one, most likely if a friend has to tell you that you’re pissing all over yourself and an accountant has to tell you that you’re bleeding money too fast, then most likely your 'choices' are also always going to be limited as to what you can do about it

...and if a friend has to tell you you’re pissing on this thread... ;)

 

Easiest thing to do would be to throw your predicted post onto the examples pile of “just about all the posts that are outright anti-psychology or those simply taking the ‘you don’t need psychology’ / ‘develop an edge and system and then if you have issues, deal with them ‘ position are ultimately be you own ‘therapist/ psychologist / coach’ positions/posts…”. Basically it seems your comments about ‘responsibility’ do that exactly…

 

I’ll add a few comments just to keep it ET up in here… like… If you’re arguing that if one has character they don’t need ‘psychology’… great deal of truth to that… but this is not the thread for that conversation.

On a case by case basis though it’s quite possible to have quality character and still need work in widening individual and specific mental, emotional, etc. tolerances and resilience.

 

Improving ‘ability to respond’ (responsibility) AND ‘ability to project’ (anticibility :roll eyes: ) in performance work is precisely the purpose of the first post.

 

So, while I can agree with you that "I think far too much is made of trading psychology”

(heck I don’t really even know what ‘trading psychology’ is and don’t really relish what I do ‘know’ anymore, and I have implored them to change the sub forum name to Trader Development … or anything but Trading Psychology … yet through all that I still do know enough to be able to recommend that you re-check your own constructs of what ‘trading psychology’ is :) )

… anyways… the reality remains that because of individual differences, some people really do need professional help / help from others with certain and varying ASPECTS and STAGES of their development as traders. (and, btw, for various conditions, other modalities are far more appropriate than ‘psychology’... but that too is off topic )

 

A few won’t ever need any help at all… some can do it via ‘be your own‘ self help… some only need a little help… and some need a lot…etc...

 

jpennybags, this thread is to assist those who may be able to do it via ‘be your own‘ self help … not about whether ‘trading psychology’ is useless bullsht or not…

 

Sorry... didn't mean to seem like I was saying that trading psychology was useless. I think it has a place. If I thought that trading psychology would have helped me then I would've been all over it... part of taking responsibility for one's success. It's not usually one thing that will turn the corner for most people, it's a combination of things. Getting to that place takes time and commitment (I don't know of any natural born traders... though there may be). Therapy takes time and commitment... taking responsibility.

 

There are enough different ways to make money in the markets, that everyone should be able to find a method that allows for an individual's risk tolerance and suits their particular personality. I think it's a quicker approach that allows an individual to compensate for tendencies and build upon a system that they understand from the inside. That said, if one wants to move to the next level, and needs to make some changes... by all means... advance the theater.

 

Trading psychology gets sold as one of those "magic bullet" approaches. I think that's what I find most troubling about the business as a whole. Not in anyway laying that on you.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.