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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 06-06-2007, 08:07 PM   #9

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Re: My turn in the chair - Ego,Validation and bad behaviour

Apologies for not posting more, but I have been dealing with a family situation.

I welcome all comments, the good, the bad and the ugly, as they make me a better trader and a better person.

There appears to be a lot of anger in some people here, and I can only say that my heart goes out to you for your suffering. I wonder how that anger works in your trading? Does it motivate you? Does it inhibit you? What do you do with your anger when you are not flinging it at someone else? Perhaps you turn it inward to habits which are somewhat self-destructive? I don't know the answer to this. I do know, that in the early stages of learning to trade I was very angry. I did nothing but lose money for three years. All of my education and training outside of the markets did not help me because I was trying to apply the rules of success in life to success in the markets. It was only when I was able to take a really good look at myself, realize that I was not perfect and that I had to make my own rules that I started to make money. It was the most brutal and challenging thing I have ever done in my life.

For those of you who think that the inner game of trading is just mumbo jumble, I say good for you! If you are able to trade without mastering the way that you manage your emotions, you are better than 99% of the people out there trading today. I can only share with you what I have learned and you willl either listen to me or reject me and call me names. There is nothing I can do about that, as I have no control over what you say, do or think.

I do know this. Trading is a brutal game. Those who are struggling with it tend to be the most angry and frustrated. As you progress through the stages of trading competence, you do reach a point where you change internally. You become in humility and gratitutude for what you receive from the markets. You become elevated mentally, emotionally and spiritually. This has been my path and I would like to think that it is the path of everyone, but I am not so sure about that.

So, if you hurl invectives at me, I will return them with love and kindess. I have nothing to prove to anyone. I have already proven to myself and, in the end, that is all that matters.

Thanks to each of you for your great posts!

Doctor Janice
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Old 06-06-2007, 08:14 PM   #10
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Re: My turn in the chair - Ego,Validation and bad behaviour

Quote:
Originally Posted by thetradingdoctor »
Apologies for not posting more, but I have been dealing with a family situation.

I welcome all comments, the good, the bad and the ugly, as they make me a better trader and a better person.

There appears to be a lot of anger in some people here, and I can only say that my heart goes out to you for your suffering. I wonder how that anger works in your trading? Does it motivate you? Does it inhibit you? What do you do with your anger when you are not flinging it at someone else? Perhaps you turn it inward to habits which are somewhat self-destructive? I don't know the answer to this. I do know, that in the early stages of learning to trade I was very angry. I did nothing but lose money for three years. All of my education and training outside of the markets did not help me because I was trying to apply the rules of success in life to success in the markets. It was only when I was able to take a really good look at myself, realize that I was not perfect and that I had to make my own rules that I started to make money. It was the most brutal and challenging thing I have ever done in my life.

For those of you who think that the inner game of trading is just mumbo jumble, I say good for you! If you are able to trade without mastering the way that you manage your emotions, you are better than 99% of the people out there trading today. I can only share with you what I have learned and you willl either listen to me or reject me and call me names. There is nothing I can do about that, as I have no control over what you say, do or think.

I do know this. Trading is a brutal game. Those who are struggling with it tend to be the most angry and frustrated. As you progress through the stages of trading competence, you do reach a point where you change internally. You become in humility and gratitutude for what you receive from the markets. You become elevated mentally, emotionally and spiritually. This has been my path and I would like to think that it is the path of everyone, but I am not so sure about that.

So, if you hurl invectives at me, I will return them with love and kindess. I have nothing to prove to anyone. I have already proven to myself and, in the end, that is all that matters.

Thanks to each of you for your great posts!

Doctor Janice
Well said, Doc.

Now if you could take the time when your personal issues are resolved to join us in an ongoing dialog in our community of traders helping traders, we'd be quite greatful.
 
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Old 06-06-2007, 09:08 PM   #11

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Re: My turn in the chair - Ego,Validation and bad behaviour

Great doc... great human bean, hope you do ok on personal issues... thanks for great input... cheers Walter.
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Old 06-15-2007, 06:05 PM   #12

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Re: My turn in the chair - Ego,Validation and bad behaviour

become in humility and gratitutude for what you receive from the markets. You become elevated mentally, emotionally and spiritually.
Right on.

If I'm not in a solid mental state,I will probably lose money.
The feeling of a lesser self worth and the fear of failure creeps in and takes over my emotions. One negative leads to another negative and I turn into a mindless mouse clicking zombie.

Be Zen. heehee
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Old 07-16-2007, 07:33 AM   #13

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Re: My turn in the chair - Ego,Validation and bad behaviour

Doc,

I wrote this post just after you had joined here. Seemed like a couple of people hijacked the thread to ask about your status here. The original post got somewhat forgotten. James' recent post over in trading psychology reminded me of this thread. I wondered if you had a moment if you might comment on my malaise I would be very greatful as it has been hampering my trading for what seems like an eternity.

Cheers.
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Old 07-16-2007, 07:40 AM   #14
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Re: My turn in the chair - Ego,Validation and bad behaviour

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Originally Posted by BlowFish »
Doc,

I wrote this post just after you had joined here. Seemed like a couple of people hijacked the thread to ask about your status here. The original post got somewhat forgotten. James' recent post over in trading psychology reminded me of this thread. I wondered if you had a moment if you might comment on my malaise I would be very greatful as it has been hampering my trading for what seems like an eternity.

Cheers.
I don't see anything in this particular thread that was hijacked. Perhaps you'd care to elaborate?


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Old 07-16-2007, 08:01 AM   #15

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Re: My turn in the chair - Ego,Validation and bad behaviour

Hi Cooter,

Perhaps the offending post was sniped or perhaps it was in another thread and I was imagining it all...stranger things have happened.

In any case the Docs reply is a view of why 'the inner game of trading' is important (probably in response to thebramble) rather than about fear, ego and validation. I would really be very grateful of her views on those issues.

Personally I think the fear of failure is a key issue often mis-identified (as fear of loss for example). This is especially true amongst people who have already been 'succesful' at some other profession. For them money is less (not) an issue but some sort of 'professional validation' is.

Cheers.
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Old 07-17-2007, 06:11 PM   #16

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Re: My turn in the chair - Ego,Validation and bad behaviour

HI Blowfish and All,

I may have missed something here, so please step up and fill me in if I have?

The inner game of trading IS about ego, validation, fear and every other aspect of mind and brain.

I would be grateful if you would repeat the question, so that I can give a better answer?

Please note that everything you do, feel, think, and say arises from your brain. The inner game of trading is, perhaps, what people are relating to when they talk about tools for centering, meditation, zen, yoga etc. I think there are a bunch of "Inner Game" books, but I have not read any of them.

Now that I have likely confused everyone ( including myself) as to where we are on this thread---please be a sweetheart and restate the question?

THANKS

Doctor Janice
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