| Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game. |
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![]() | Psychology Ready? So, I will start with 100 shares and increase the share size based on the stress/anxiety level that I feel. I have appointments once in a while when I need to be somewhere or get ready to go (tomorrow Dr. appt. for example), but this is a paper trade. It has been hard for me to move from paper trade to even 100 shares. Just the thought of using real money triggers a state change from ADULT to a CHILD contaminated ADULT needing help. (this is irrational) I have a sound trading system. Bear in mind that I have more emotional garbage to deal with than the typical trader. I have a history of big losses from the past, which adds up to more than... And, ... But it is time to commit. I can't wait any longer. After the consistently pulling he trigger with 100 shares, I will get rid of the distorted thoughts/feelings of doubt/anxiety replacing them with confidence, and building self-efficacy. I will become an intrepid trader winning money every day like picking from a money tree. As long as my recording does not interfere with my executions I will continue posting until after I feel stress free with 2000 shares. The biggest hurdle will be the jump from paper trading to 100 shares. The results will validate my belief that I can trade for a living, and dispel any doubt that the belief is a fantasy. I will not be talking about why, and how, about my trading system. It does not matter the symbol for example, because I am focused on psychology. How I feel and mindfulness (aware) of why I am feeling a certain way. It will also show others that before they give their money to somebody who thinks they can teach you to trade how it is possible to request that they first prove their prowess. Personally, I will not give my money to somebody who can not do something that I want to try to emulate, or what I want to do. To bad I didn't have this belief before I gave my money away for basic information. Last edited by jaysmith124; 04-06-2011 at 01:05 PM. | ||
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![]() | Re: Psychology Ready? (Self Talk) This is a habit I must change. Change comes easy to me even though I am, sub-consciously, avoiding another trade. It takes continual mental focus and concentration. It is too soon to relax and reward myself for a good paper trade. Get with the program, Jay! Jay is obviously in a Child state. Kick him in the butt. Somebody needs to bitch slap the bastard. Like a soldier in training not wanting to jump out of a plane for the first time a drill sergeant is there to yell at the soldier instilling fear of not jumping. But sitting here by myself, it is easy to stay in a comfortable, safe, familiar psychological place. A change is in order. | ||
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![]() | Re: Psychology Ready? | ||
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![]() | Re: Psychology Ready? ...introduces him to NZT, a new pharmaceutical that allows him to tap his full potential. But lets get real. If the Bupropion I was prescribed does not work, a cattle prod will have to do. | ||
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![]() | Re: Psychology Ready? I like to think of this process as a software program running in my brain. And it was "factory installed". When I think of this automatic biological response as a program, I am able to detach myself, and think of it in a very mechanical and technical way. So when you write of desensitization, this is what I think of.It's "not personal", it's that pesky program trying to run. I think of it as "Spam" that I can add a filter for. Hit the delete button to stop it from running. Of course, we should all be comfortable with our trading rules. If our trading rules are very precise, and leave little room for user discretion, it becomes more mechanical.
__________________ Precise, "dialed-in", targeted combination setups, like opening a combination lock; is the experience you should be having while trading. Dial left, right, left, . . . click - the lock opens. | ||
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![]() Join Date: Jan 2008 Location: The Lumber Yard Posts: 1,276 Thanks: 59
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| Re: Psychology Ready? Quote:
I have to ask. Why are you torturing yourself? Why do you have to do this? MM | ||
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| | #7 | ||
![]() | Re: Psychology Ready? Have you been burned by the Markets? I went though a period of being afraid to "pull the trigger" after suffering some large losses. If you believe in the methodology you are using, it should pass. As Tradewinds suggests, let your system do the thinking for you.
__________________ THIS SPACE AVAILEBLE | ||
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| | #8 | ||
![]() ![]() | Re: Psychology Ready? Jaysmith, it depends on your motivation...PM me and I can fill in the details...it dosent require that you buy anything, or do much more than commit to a simple discipline...over a short period of time... The ball is in your court. | ||
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