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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 01-04-2011, 02:25 PM   #17
zdo

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Re: Change Thyself

certenotti,

re: “i hope to was been non-mental time-distorsion. ” certenotti, I read your post and I got to admit, it ‘was been a mental time distortion’
I’ll just make a few comments that hopefully will clarify and help and we’ll move on.

re: 4) and “i think take what you learned from a loss,can be useful for yor next step or jump,trying to avoid to make the same mistake.nobody like to fai”
How can you get to a place mentally where you are experiencing learning not a single thing from a loss?

re: 3) and “ In a spirutual and healt benefiance is a very god thing,for the trading session,help me to understand in wich way the (i hope only positive energy)can change the things”
Suggestion: Question ‘only positive’

re: 2) and “I'm conscious,and in the every way inconscious of what i want,but is also really that i meet difficult,reverse position” Polarities… see your PM.

re: 1) and “but this is the initial thinking that everyone inconsciously take it for all the life,from 5 years even when we will die” etc. Much of this is learning to what to observe to ‘identity our identifications’

“you are maybe a possible wise”

All the best,

zdo
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Old 01-12-2011, 12:00 PM   #18
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Re: Change Thyself

One of my waking thoughts this morning was that this list needed a kaizen-ee pass through again for improvements, not really major changes… so here goes…
1) Know what you want
2) See what it is - for what it is
3) Raise your internal energy level and then practice the new change.
4) Fail successfully, then start all over again.

Comments:
The order of 1) and 2) was changed placing ‘Know what you want’ first so that ‘See what it is - for what it is’ could be particular to the wanted change at hand, instead of needing to have some universal accurate understanding of everything
… however - wu wei - learning cycles go both directions so actually both orderings are correct…

Ditto previous comments… Maybe more coming later on leveraging the ‘tensions’ in 4) Fail successfully, then start all over again. hth

All the best,

zdo
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Old 01-12-2011, 04:06 PM   #19

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Re: Change Thyself

A quick comment to the "Know what you want" part.

Firstly, I've read on numerous places/media that this should be your first thing regarding trading (e.g. Van Tharp's book, etc). After spending 2 years learning patterns, backtesting and reading about trading, I then realized that this is really the most important thing to do, realizing what you want might save you thousands of dollars and months of time. Then I've thoroughly pondered what I really want in life and it took me 2 whole days to figure it out and some hours occasionally to review that.

I'm willing to bet, that 0.1% of people, even reading that knowing what you want (and pondering that to the bottom) is the first thing they should do, will actually do it, and not just do it, give these thoughts the time they need. 0.1% - or less.

So much for the first point of the list.
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Old 01-12-2011, 04:32 PM   #20

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Re: Change Thyself

hello,zdo.i answered at your pm 3 day ago,but now i dont understand what do you mean for kaizen-ee.
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Old 01-13-2011, 12:52 PM   #21
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Re: Change Thyself

certenotti,

Kaizen is a 'japanese' concept for continual improvement that is mostly applied to production (which trading is not). The '-ee' was just me trashing perfectly good language...

Am seeing no Private Messages from you in my inbox...

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Old 01-13-2011, 12:58 PM   #22
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Re: Change Thyself

gandalf33, Thanks. Good points. They are getting a little bit away from making specific behavior pattern changes and more to longer timelines - but are part of big picture type of 'knowing what you want'. Long ago in the beginning, I went on multiple grail searches - for which I have zero regrets. Later, I also spent years in the wilderness - more than once – and for those I do have some regrets. It finally sank in to return to and stay true to my original vision of how I wanted to trade and the trader I wanted to be. In my own case that meant returning to giving priority to Market Typing first then to finding condition specific systems, methods, techniques etc. and sticking with the very difficult tasks of developing accurate real time measures of MarketTyping that worked for me. That 'return' cleared up a bunch of background structural conflict and made the day to day work and 'changes' much more straightforward. Many think I'm being unreasonably extreme advising noobies not to train using another's system(s). But, in all but a few cases, I think it stunts both explicit and implicit learning ... and only really nets the developing trader a small portion of an hour in the his or her process of accumulating that old rule of thumb 10000 hours...
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Old 01-13-2011, 03:54 PM   #23

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Re: Change Thyself

Quote:
Originally Posted by zdo »
certenotti,

Kaizen is a 'japanese' concept for continual improvement that is mostly applied to production (which trading is not). The '-ee' was just me trashing perfectly good language...

Am seeing no Private Messages from you in my inbox...

zdo

Interesting posts you have here.

I might have agreed with you about production in the past but I don't currently. Trading is almost exactly like the production process that Demming was dealing with in Japan in the 60s and 70s and both continuous improvement and statistical process control are applicable.

In trading I produce a series of actions. The ultimate goal of these actions is to produce profit but just as the factory worker must act not to produce profit but to contribute to his part of the manufacturing process in a manner that contributes to improvement and a process that is in statistical control so a trader must focus on process and not results.

It goes on, but thats probably enough to get what I mean about trading and production.

Its funny that we seek analogies for trading but so far the best two I see are assembly line production (with a string of opportunities coming along the line towards you and all you, the humble worker can do is execute your element of the process as cleanly as possible) and gambling (where you aim to be the professional poker player not the amateur donor player).

Last edited by Kiwi; 01-13-2011 at 04:04 PM.
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