| Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game. |
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![]() Join Date: Nov 2007 Location: boonies Posts: 1,167 Thanks: 297
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Blog Entries: 104 | What Psychologists ? Seems some stay a little longer than others but none of them stay for very long. Some thoughts / questions on why: They fear being peer… you’re basic’ power in the helping professions’ trips don’t work very well with traders. ??” They are really on forum to recruit clients – and when that doesn’t work they peel off ?? Their general and individual models are inadequate and incomplete for ‘helping’ traders and forum ‘work’ accelerates that realization ?? They are ‘wounded healers’ and once they work through their own issue(s), they just don’t need to help anymore ?? Thoughts ? | ||
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![]() | Re: What Psychologists ? they go nuts themselves they were nuts before hand and any sort of forum feedback further hurts the self esteem. or possibly an open forum is not the best place for any sort of proper therapy and they come to the realisation that if they really are trying to help then its probably unethical/improper to be posting..... particularly if they are professional and searching for clients or have some valid ideas to pass on. Selling professional services such as these I feel are very different to offering a trading system or whiz bang idea. | ||
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zdo (01-20-2010) | ||
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![]() | Re: What Psychologists ? I thought the point of a forum was to seek out the help of others for those skills you may not have? you are right about people lying to themselves - Not everyone is able to help themselves - hence the need for psychologists. Imagine if everybody tried to do home surgery or medical self diagnosis? I guess it would fix the health budgets of governments. | ||
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johnjohn1hew (01-20-2010) | ||
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![]() | Re: What Psychologists ? not directed towards anyone in particular... all sane people have mad states....some are lucky enough to find them although the (the states) never present themselves with a lot of choice or in the best light and nearly always have poor timing for that matter.... the best Analysts have had their own states Analysed ...how else can you walk in their patients shoes... Best John | ||
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zdo (01-20-2010) | ||
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![]() Join Date: Nov 2007 Location: boonies Posts: 1,167 Thanks: 297
Thanked 297 Times in 211 Posts
Blog Entries: 104 | Re: What Psychologists ? Quote:
Is this accurate ? Trading 'therapists' are NOT regular 'therapists'. Is this accurate ? Many of the issues faced by traders that are pparently 'psychological' , really have no psychological solutions at all. re: "Why not figure things out on your own ... " Soultrader, there you go. Shut it down. Site no longer needed… | ||
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JBWTrader (01-21-2010) | ||
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![]() | Re: What Psychologists ? Quote:
(I myself find that I need to improve my descriptions of things when writing) So given that a therapist may be good if they are good at solving a problem, whereas a trader may actually be terrible at this element of it even though they have the experience and mean well. The best experience is your own.....and hard work. secondly...."Many of the issues faced by traders that are pparently 'psychological' , really have no psychological solutions at all" I think the original bet for the turtle trading experiment shows this to be false. They were given the same rules, opportunities etc. What caused some to follow the rules and succeed and the others to not follow the rules. As I could tell it was only down to the psyc reasons? If so then there are plenty of tricks/tips that are possible to do to improve the mental thoughts and habits to follow the rules. (testing, keeping journals, making plans, research, regular holidays, scaling down trades when on a loosing streak) Most of the success of people in all walks of life, but also in all forms or trading can be defined by their habits and thought processes. It always reminds me of a set of questions a few of us used to ask..... does an idiot/fool know they are an idiot? How do you incentivise someone who is inherently lazy and just will not do the work required - even if they have certain natural talents? | ||
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