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Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game.

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Old 10-22-2011, 08:48 AM   #17

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Re: Developing Trader's State of Mind Discussion

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Originally Posted by SpearPointTrader »
My biggest problem is lack of fear. When I am a bit nervous, I do fairly well, and follow my system. However, at some point I begin to feel like I can't lose. I get very calm, and develop an almost dream like detachment. When that happens, I can't win to save my life.

Once I realize i have entered this stat of mind, getting out is easy. I just walk away and pursue an activity that is physically challenging. Things like hiking, sailing and martial arts practice are at the top of the list.

The real problem I need help with is identifying that I have slipped into this state before i rack up lots of losses.I can always tell once I get back out, but never while I am in it,

Any advice?
These kinds of situations will be addressed as we move into mindfulness training. What you are talking about is at the level of internal dialog. The emotional regulation practices are used to calm an emotion down before it takes over mind. There will be a subtle ness to your situation where emotion corrupts mindset, so the ER skills are a start. But learning to see what you can,t currently see is the point of entry for you from my estimation. stay tuned, these skills will be explored soon.
rande Howell. I,m on my new iPad and trying to get the feel of it. a little clumsy right now.
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Old 10-25-2011, 11:09 AM   #18
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Re: Developing Trader's State of Mind Discussion

Some questions have emerged about ‘safeplace’ . Instead of an imagination (using as many ‘senses’ as possible, etc), is it ok to just use a ‘place’ in self that is what I’m like at my best?

This got triggered when I was first viewing the sample images in the presentation and was amused (among other reactions) by the oddity that I found some personal ‘trauma’ or aversion or anxiety associated with almost all those images…( if you’re interested let me know and I’ll share the details – some of them are entertaining)
… anyways, (and shtfar, I hope I don’t have the “prisoners’” deficits with safeplaces ) can I use ‘aspects of me at my best’ as a safeplace?
In the session, the word memory was used almost exclusively in relation to safeplace. Basic question is - Does it have to be a 'memory' ? thx

Last edited by zdo; 10-25-2011 at 12:06 PM. Reason: + 1 mo ?
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Old 10-25-2011, 03:24 PM   #19

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Re: Developing Trader's State of Mind Discussion

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Some questions have emerged about ‘safeplace’ . Instead of an imagination (using as many ‘senses’ as possible, etc), is it ok to just use a ‘place’ in self that is what I’m like at my best?

This got triggered when I was first viewing the sample images in the presentation and was amused (among other reactions) by the oddity that I found some personal ‘trauma’ or aversion or anxiety associated with almost all those images…( if you’re interested let me know and I’ll share the details – some of them are entertaining)
… anyways, (and shtfar, I hope I don’t have the “prisoners’” deficits with safeplaces ) can I use ‘aspects of me at my best’ as a safeplace?
In the session, the word memory was used almost exclusively in relation to safeplace. Basic question is - Does it have to be a 'memory' ? thx
zdo

After an event has happened, you are left with the memory of it. Here we are looking for a memory that the brain has associated with a calm, soothed state of mind. what ever memory you have that already have these elements embedded into it is workable. We are trying to get the mind to work with us also. You are on the right track.

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Old 10-26-2011, 03:42 AM   #20

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Re: Developing Trader's State of Mind Discussion

not sure if this is the best place for this post.....
I watch TED and get weekly emails to interesting discussions....this was came in and was topical.

Iain McGilchrist: The divided brain | Video on TED.com

Especially the last part, that we often forget that the brain is made up of two parts - the logical and the intuitive.

(feel free to ignore this - I just thought the post might be topical - and plus, TED is a great resource for those with inquisitive minds and spare time )
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Old 10-26-2011, 07:53 AM   #21

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Re: Developing Trader's State of Mind Discussion

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Originally Posted by SIUYA »
not sure if this is the best place for this post.....
I watch TED and get weekly emails to interesting discussions....this was came in and was topical.

Iain McGilchrist: The divided brain | Video on TED.com

Especially the last part, that we often forget that the brain is made up of two parts - the logical and the intuitive.

(feel free to ignore this - I just thought the post might be topical - and plus, TED is a great resource for those with inquisitive minds and spare time )
It's a great place. Fundamentally what all this is about is how the "mind" emerges from the brain. Emotion and thinking are deeply inner connected, and as we learn more about the archetecture of the brain, the more we are able to work with mind.

Lesson One is all about learning to manage the emotional brain (where all that intuition comes from) so that the thinking brain has the right set of emotions to trade from.

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Old 10-26-2011, 11:20 AM   #22
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Re: Developing Trader's State of Mind Discussion

Thought I would have more opportunities to apply the ‘interrupts’ realtime but simply haven’t. For example, on Fri. I was in six trades of any size / consequence. I didn’t really experience much in the way of “emotion” , as Rande defines it, in any them. I don’t think the uncon. emotional meter needles moved much at all anytime during those trades either. One of them dilly dallied around some. I just went to other workspaces and screens (is that avoidance?) and when I came back later it was filled…

btw, some think that all 'rational' state wherein a trade simply either ‘will work or it won’t work’ is the optimum space for a trader to be in. It isn’t!!! That’s one of the reasons why I stay interested in these “personal applied neurofinance”* aspects of trading.

Also, struggling with running solo ‘inoculation’ sessions to completions… as I said before, I need 3 weeks btwn classes…

You guys looking forward to tonight?




PS * Tams if you read this… over in the webinar invitations thread you asked Rande what he was selling. Rande is more than welcome to correct me if wrong, but I think he is selling “personal applied neurofinance” and his pricing, etc can be found at tradersstateofmind. com
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Old 10-26-2011, 07:46 PM   #23

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Re: Developing Trader's State of Mind Discussion

I suggest that a yahoo group get created for discussing things specific to the course. Don't stop discussing things here, just have a separate yahoo group for the course. Yahoo groups are free. I've created groups before. With the yahoo group the members would be specifically committed to an objective, and the discussion could be more in depth.

Some forums and groups have the capability of have sub groups of members. So you're a member of the site, but you could also be in a private group within the group. This thread is open to everyone. That's not bad, but there are times when being in a smaller, more "private" group is appropriate.
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Old 10-26-2011, 08:05 PM   #24
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Re: Developing Trader's State of Mind Discussion

Thanks Tradewinds. Good idea. Set one up and send a link - I'm there.
I would welcome and appreciate if some of the participants in the webinar who are more experienced with this work get involved.
I was thinking of trying a voice livechat. Like scheduled or ad hoc DimDim's.
Anyone interested?

Immediate thoughts after Session 2:
things didn't unfold in me in the sequence presented in the 2nd guided meditation, ... among other things, a kinesthetic orphan (or orphaned kinesthetic) showed up and that sort of put everything on hold during ...but
I'm finding great value in raising the principles and the essence of this approach to awareness... "As to methods, there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods" R.Waldo Emerson

Last edited by zdo; 10-26-2011 at 08:15 PM.
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