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.

minoo

The Psychology of Emotions, Feelings and Thoughts

Recommended Posts

'The Psychology of Emotions, Feelings and Thoughts' A Book by Mark Pattinelli

(Module 14358 on cnx.org)

 

Attached is the pdf and below is the Abstract

 

Abstract

This book puts forth the idea that life is divided into three groups, emotion, thinking, and feeling.

These three groups make humans feel in certain ways, thinking, physical stimulus, and emotion all

contribute to feeling. But what is the dierence between a thought, an emotion, and a feeling? Is there

an overlap between the three? Probably, since any emotion can be broken down into the sensations and

real events that caused it, and these events all lead to emotions, feelings and thoughts. So emotions,

feelings and thoughts all might have the same source, they are just expressed dierently in the mind.

Where do your emotions, feelings and thoughts rate on a scale of clarity? Where do they rate on a scale

of focus and attention? How does understanding the psychology of ones emotions, feelings and thoughts

lead to a long term increased consciousness?

 

Enjoy Minoo

http://greatday.com/v.html?2182s07MRpn8

m14358.pdf

Share this post


Link to post
Share on other sites

Our biases can affect our trading, even when we don't think we are trading on biased information. Also, when an outcome appears vague, we err in our judgment, even though we have a conception of how the market is supposed to move. Our anticipations can also be deterrents from achieving what it is we think we want. To aid us in these potential problems, we can remove biased inputs, gain more understanding of market probabilities and define what it is we really want from our trading.

Share this post


Link to post
Share on other sites

TradeLab, Thank you very much for bringing this to light again. I had misplaced the pdf on my own system & Wish I remembered that it was shared on Traderslaboratory. Glad to find it Back. Have previously used many of the good stuff from it. . . .

 

Not BIAS but Preference

BIAS cannot be kept away unless you have a mechanism in your own system to keep it at Bay. And importantly trained your mind & have gone through of experience of repeating your mistakes. Sudden Emotions comes mostly from ones Primitive Mind. Your trading plan you have made, tested, improvised and defined is from your concious and learned conventional day to day mind. When primitive mind kicks in it will take over your conventional self & will trade your trading plan.

 

I wrote the below some time back in one of the threads on Thyself (Below is a part from the copy I kept)

 

Thought bargained not, but inherited thy mind,

Wired so wrongly, lamented subconcious of mine

Have heard my story and repeated it all

How many times, Cries myself of all

 

My minds a Dice, Follows my Vice

Few times right & Acts even Wise

 

Drowning me mind in Egoistic helpings

In feeling of Doom or Aura of Gloom

Trading Mantras, & Chants of Changes

I Dam this action, in air of Reflection

Guess all are: Self Inflicted Actions

 

I prefer the word Preference and have a system for my preference to be evident from Market Internal Charts,

This preference will make me employ probability of trades in Uni-Direction only and the opportunity only comes around 33% of trading days. Otherwise its CoP time (Consciously Out Position) during this time I practice patience and discipline. Thats it.

 

Easy to mention here But I can only do the above, If I have prepared myself and my system both and made my self part of my own defined trading system. I constantly revise my system to remember it, as it is defined and not for creating new or fly by editions or versions of it.

 

Hope the above piece of my mind Helps

Regards Minoo

Share this post


Link to post
Share on other sites

Controlling of Emotions is not the Goal of Trading Psychology

 

Below are twp Paras from this Excellent Article (Also refer to the comments at the end)

+-----------------------------------------------------------------------------------+

The important ingredient in success is not emotional dampening per se, but the enhancement of concentration and focus. That is what enables people to act with sustained purpose and stay rooted in their goals.

 

The goal of trading psychology is to build consciousness, not reduce emotion. The goal is to create regular access to the flow state of heightened learning and focus. Talking to a trading coach, in itself, won't accomplish that; nor will well-intentioned efforts to calm oneself or take breaks from trading

+-----------------------------------------------------------------------------------+

TraderFeed: Controlling Emotions Is NOT The Goal Of Trading Psychology

 

I would humbly add, Please Read and Re-read the good advise sincerely and importantly clarify the purpose of your training, preparation and routine.

My Thanks to Brett for truly a Good Article. Such solid advise is hard to find.

 

Enjoy Minoo

Edited by minoo

Share this post


Link to post
Share on other sites

Whenever I compromise my Trading Guidelines, I make it a point to spend some time for my Trading Psychology well being and study and revise some of my own guidelines & advise. Its a good thing to do, to remain rooted and progress further

 

You do not let your slip-ups pass without bringing them to the forefront of your Conscious

But objectively in the context of your own healing & betterment,

Without the provocation of drama, self bashing, etc

(make it a self-process instead)

 

I found this old article title 'Pervasive Myths of Trading Psychology' again by Brett very essential. There is more to this article than the title suggests, it brings around multitude of Deliberate Awareness in one's consciousness

 

TraderFeed: Three Pervasive Myths of Trading Psychology

 

Thanks again Brett

 

Enjoy Minoo

Share this post


Link to post
Share on other sites

".....Some traders love the action, some love the dream of making money, some love the opportunity to work for themselves—but many don’t love the work itself: the effort of mastering patterns in demand and supply."

 

There is a wisdom here - mastering patterns in demand and supply. Then it comes out a question, will future demand determined by the past demand and supply? Maybe most of time, and if it is, it's great and thanks wall st. Great for your post. Cheers.

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: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. 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 on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst 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 FX and CFDs 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.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

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