[JBWTrader]

Thanks. Interesting...the previous day events and interpreting the dream in the context of your life is critical...

thanks for sharing

Best
John

[zdo]

Why are we so smart?
Why are we so dumb?
Lloyd Pye - Everything you Know is Wrong

[zdo]

Here’s part of why I brought up the term ‘subpersonalities’

In our developmental process we are rewarded for certain behaviors and punished for others: thus, some selves are strengthened and others are weakened. We learn our lessons well and consequently develop “personalities”. It is strange to think that a personality is actually a system of subpersonalities (selves) that eradicates our psychic fingerprint as it brings us control – and thereby, power – in the world

From
Embracing Our Selves 1989
Hal and Sidra Stone

[ammo]

i make a habit of picturing myself sitting up on a ledge,with the right emotion,thought ,answer,action...in tune with god....and that me on the ledge watching the me below make the mistakes ,for pride ,stupidity,sloth,exhausti on, a million reasons,and constantly reassuring or correcting myself as life goes on...i'm of the belief that we intuitively know the difference between right and wrong,where the markets going,how things are,... we (humans) just spend our lives....most of us...never getting control of our egos..consequently letting the ego control us...with predictable results documented over and over thruout history

[zdo]

Originally Posted by gandalf33 »

I have one challenge only: I can't face losses.

Losses are killing me, a losing trade feels to me like a stab with a knife in the heart, while I have no problem losing at conventional games, e.g. chess, a single losing trade is something that puts me down. It's causing me so much pain that it's hard to express. I feel clouds darkening the sky of my mind after a losing trade. Like facing a huge block that you know will be almost impossible to get thru.

That thing is having a bazillion effects on me, all of them adverse:
1) my mood goes downhill, affecting my own and others' personal life
2) I have a great urge to find a flaw in the system after a losing trade, and correct it
3) after a streak of losing trades, just 2-3 are enough, or a month of trading where I'm +/- 0 on balance, or slightly below 0, I immediately seek a new system

I've been thinking about the remedy - perhaps quality mentorship putting me in the right mindset is what I'm lacking. I'll keep pursuing the topic.

"Using techniques such as magnetic resonance imaging, neuroscientists have documented the fact that monetary gain stimulates the same reward circuitry as cocaine — in both cases, dopamine is released into the nucleus accumbens. Similarly, the threat of financial loss activates the same fight-or-flight circuitry as physical attacks, releasing adrenaline and cortisol into the bloodstream, which results in elevated heart rate, blood pressure, and alertness.
These reactions are hardwired into human physiology, and while some of us are able to overcome our biology through education, experience, or genetic good luck, the vast majority of the human population is driven by these “animal spirits” that John Maynard Keynes identified over 70 years ago..."

Andrew Lo
This Is Your Brain on Prosperity: Andrew Lo on Fear, Greed, and Crisis Management - Freakonomics Blog - NYTimes.com

Not wanting to ‘be wrong’ is crucial part of it, but in my experience the right / wrong is just one of a simultaneous and varying four pack of factors...

Some of us come to trading with these ‘threat associations’ globalized, ubiquitous, and at the ready… each threat joins a crescendo triggering associations with ALL other threats past (and ‘future’ / projected), Each loss is associated with, yes, even a painful death itself…with most of the ‘action’ occurring in surges of consciousness, then ‘repression’, suppresson, what not… (…my guess is about 78% of any current generation/population of traders fall into a gradient of this group…)

Some traders come with associations but they are less universal, lower quantity (…I estimate about 19% of any current generation/population of traders fits into a gradient of this group…)

And a few come with very few of these ‘associations’ / triggers… (roughly 3% … how do you spell paretopareto?... )

This can serve as a scale of the ‘emotional vulnerability’ of a trader…it’s kind of scary - a huge percentage of seriously self honest traders could not accurately say in which group they would really be if they were hooked up to biofeedback….)

…factors of genetics AND learning…but not the kinds of learning limited to cognitive functions and ‘discipline’ … ‘thinking’ can help but to believe that thinking alone can ameliorate these vulnerabilities is naïve and misguided…

[Cory2679]

Originally Posted by zdo »

"Using techniques such as magnetic resonance imaging, neuroscientists have documented the fact that monetary gain stimulates the same reward circuitry as cocaine.........

On a program called "Mind Over Money" that came on public television, I saw something similar that compared monetary gain to sex and food.

NOVA | Mind Over Money | PBS

I thought the program was worth watching.

Cory