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Old 10-19-2011, 07:00 PM   #1
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Developing Trader's State of Mind Discussion

This thread is for the Rande Howell 4 week webinar participants to share, question, and refine on the material presented in class.

(Until after Nov 9, for those not attending the webinar please restrict your posts to questions only. Open another thread if you have other content on this particular area of trading 'psychology' to contribute and we'll meet you there. Thanks.)
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Old 10-19-2011, 07:54 PM   #2

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Re: Developing Trader's State of Mind Discussion

Just took Class 1 and found it very helpful. It's the kind of experience that defined for me what I sort of knew, but I never really consciously dealt with. My major fear in trading, and in life, is the fear of making a mistake. It comes with being a perfectionist. It's something that I "know", but have never really brought to the forefront of my consciousness. It's very difficult to deal with a problem that never really gets named. The problem needs to be first defined. So that's one thing I got out of the class.

But the most important thing that I believe the Class offers is a way to train my mind to develop a parallel mindset that can be used to deal with the automatic thoughts that sabotage the ability to think clearly under stress.

The class provides a structure and the process that I can use to practice a new way of thinking. You learn ABC's by reciting them over and over. Now I can practice visualizing myself being successful at trading.
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Old 10-19-2011, 09:53 PM   #3

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Re: Developing Trader's State of Mind Discussion

Quote:
Originally Posted by Tradewinds »
Just took Class 1 and found it very helpful. It's the kind of experience that defined for me what I sort of knew, but I never really consciously dealt with. My major fear in trading, and in life, is the fear of making a mistake. It comes with being a perfectionist. It's something that I "know", but have never really brought to the forefront of my consciousness. It's very difficult to deal with a problem that never really gets named. The problem needs to be first defined. So that's one thing I got out of the class.

But the most important thing that I believe the Class offers is a way to train my mind to develop a parallel mindset that can be used to deal with the automatic thoughts that sabotage the ability to think clearly under stress.

The class provides a structure and the process that I can use to practice a new way of thinking. You learn ABC's by reciting them over and over. Now I can practice visualizing myself being successful at trading.
The first class is about naming the fear, so that you have a handle to grasp a tool with. But most importantly, it is about developing the fundamental tools used to quell emotional tempests. Getting that under management -- all that breathing, SafePlace, and Fear Inoculation stuff - is about developing the tools to deal with the biology of emotion. With that tool, the body can be calmed and we can actually get to the problems of psychology that plague traders.

Rande Howell
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Old 10-20-2011, 10:20 AM   #4
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Re: Developing Trader's State of Mind Discussion


The forum medium’s limitations aside, will it really help me or anyone else if I disclose here?
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Old 10-20-2011, 11:46 AM   #5

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Re: Developing Trader's State of Mind Discussion

Quote:
Originally Posted by zdo »

The forum medium’s limitations aside, will it really help me or anyone else if I disclose here?
If we can't be open about ourselves in trading here, I am willing to simply open a forum attached to my website where the environment fosters social learning. This is important to me and is why I choose a public forum. How public remains to be seen.

Let me know.

Rande Howell
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Old 10-20-2011, 01:00 PM   #6

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Re: Developing Trader's State of Mind Discussion

Quote:
Originally Posted by Rande Howell »
The first class is about naming the fear, so that you have a handle to grasp a tool with. But most importantly, it is about developing the fundamental tools used to quell emotional tempests. Getting that under management -- all that breathing, SafePlace, and Fear Inoculation stuff - is about developing the tools to deal with the biology of emotion. With that tool, the body can be calmed and we can actually get to the problems of psychology that plague traders.

Rande Howell
Hi guys. I am from Russia. My name is ALex.I have a questions.
In my trading i have an edge and i could do very good scalps. But than deal comes to a trade, my subconsciousness drives me to get out/ Sometimes it right, sometimes not. How could i do so that my subconsciousness were right in most cases.?
If i let it drive i ll be able to do scalps and 70% of them wold be profitable,but i want to do trades too, and this is there my subconsciousness not very good.
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Old 10-20-2011, 01:09 PM   #7

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Re: Developing Trader's State of Mind Discussion

I was definitely impacted by the first webinar.

I realised that I have a terrible fear of loss, and more often than I should be tend to sit on the side lines watching the trades go in the direction I looked at.

Busy practicing my breathing and going to my safe place will take time I think, but all in all a good first class
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Old 10-20-2011, 03:55 PM   #8
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Re: Developing Trader's State of Mind Discussion

Quote:
Originally Posted by Rande Howell »
If we can't be open about ourselves in trading here, I am willing to simply open a forum attached to my website where the environment fosters social learning. This is important to me and is why I choose a public forum. How public remains to be seen.

Let me know.

Rande Howell
Thanks Rande. I'm not used to 'social learning' anymore. I'm used to toughing it out on my own.
My question was not so much about being open and disclosing per se as it was about how much leverage the "social learning" aspect of the process a text forum medium would provide.
I'm willing to make the best of it with what we got, but also curious if voice chats or something would be more effective with the "social learning" component.
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