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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 01-20-2010, 03:38 PM   #17

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Re: What Psychologists ?

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Originally Posted by FXGirl »
Theory of recollection?
Read Plato's Dialogue Meno, or do a Google search.
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Old 01-20-2010, 06:05 PM   #18

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Re: What Psychologists ?

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Originally Posted by johnjohn1hew »
Thanks DugDug, my comment was not directed at any one in particular, i was just expressing my feeling after having read what the original post stated.To me, people should only seek help and not answers from others. Maybe i believe too much in the theory of recollection.
Thanks for the reference. Now that I know what you are talking about, I'd like to ask if you think that applies to trading?

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Old 01-20-2010, 07:01 PM   #19

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Re: What Psychologists ?

I suspect they leave because they decide that their continued presence is not attracting much business. And that they can't stay long without giving away a lot free.

They might also get bored with where its going or not going.

They are in business after all.
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Old 01-20-2010, 10:51 PM   #20

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Re: What Psychologists ?

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Originally Posted by FXGirl »
Thanks for the reference. Now that I know what you are talking about, I'd like to ask if you think that applies to trading?
In life, what there is to know is easily learnt if we use reasoning.
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Old 01-21-2010, 02:54 AM   #21

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Re: What Psychologists ?

True JohnJohn1hew

I also think the unconscious is very unconscious and therefore we all have shadows that contain the hidden work some of us need or have to do. Pain is a great motivator for seeking the "grail". In the pain is nearly always the "answer" but most just want to be rid of it ie to find the 'secret' of trading... I believe too many place too much emphasis on psychology in trading especially when no edge has been really found in the first place.

I know there is a very wide scale of therapeutic application of psychology and therefore a very wide scale of quality of practitioners who could be graded from very poor to outstanding/enlightening in affecting the patient.... nothing is guaranteed in life though. Reputation has a lot to do with how much a therapist has their weekly schedule filled.

Trading is just one hook into finding the psyche (there are infnitely many others)...many get scared to look into the chaos and understandably so Hence they would rather repeat the same patterns over and over again...through chaos comes order and visa versa ...this is the human psyche cycle..Trading is an activity that can bring all of this out as it can affect everyone with differing degrees of body and mental experience..

What I wrote above has everything to do with trading and also nothing at all to do with trading.

An interesting topic, well done zdo for starting it

All the Best
John


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In life, what there is to know is easily learnt if we use reasoning.
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Old 01-21-2010, 04:35 AM   #22

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Re: What Psychologists ?

JBWTRADER - "I believe too many place too much emphasis on psychology in trading especially when no edge has been really found in the first place."

very good point. you have to put the cart before the horse as they say, and practising good habits for trading will not do you much good if over the long run you have no positive PL expectancy. ie; no edge.

Didn't one of the market Wizards sum it up - "we all get what we want out of the markets"
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Old 01-21-2010, 09:53 PM   #23

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Re: What Psychologists ?

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Originally Posted by johnjohn1hew »
In life, what there is to know is easily learnt if we use reasoning.
Through reasoning, yes. Easily? I don't know, johnjohn1hew, some lessons have been very hard for me to come by ...

Best Wishes,

Thales
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Old 01-22-2010, 10:57 AM   #24

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Re: What Psychologists ?

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True JohnJohn1hew

I know there is a very wide scale of therapeutic application of psychology and therefore a very wide scale of quality of practitioners who could be graded from very poor to outstanding/enlightening in affecting the patient.... nothing is guaranteed in life though. Reputation has a lot to do with how much a therapist has their weekly schedule filled.
Yes, John, you are right there is a wide variety of skill levels among psychologists. But reputation comes from results. It's a difficult craft to learn, similar to in some ways trading. To become really good in either field requires that you come to terms with your own inner glitches. But therapy also requires that you develop a deep understanding of human desires and behavior... as well as compassion and respect. Like trading, there is no substitute for experience.

I'm retired now, and glad to be spending my time trading Forex. But my husband is still doing therapy. He sees 40+ patients a week (most therapists see 25) and is booked out for six weeks (which is amazing in this economy). It's like that because he gets results.
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