Are traders dumb or plain stupid? These external happenings are outside the control of trader.These suck traders in
One only needs to look at all the engineers on boards like these who jerk off night and day to their neural network paper trading results to realize that success in trading is a combination of fearlessness with a measure risk aversion, numeracy, and the ability to intuit correlations in real-time.
...Trading forums ...are kind of like sitting at a poker table...it's kind of tough to determine who's full of stuff/bluffing, and who's the rare one holding the real hand...
https://www.psychologytoday.com/blo...ults-out-control-the-spread-stress-reactivity What is particularly harmful is stress reactivity. Stress reactivity means that you are threat reactive--that you have a low threshold for threat, and perceived threat triggers a stress response. This is not a good use of the stress response. Sapolsky showed how stress reactivity can destroy health. But I think it can also destroy a society. The stress response "makes you stupid" because it moves blood flow away from the neocortex and into your muscles, anticipating action. The stress response also makes you egocentric as your self-preservational instincts take over, lowering your empathy and compassion. IMAGINE:Market is stressing you out , with stop outs , losses , set up failures etc etc etc
Amazing how many are ignorant of Dr. Steenbarger, and then make such inane statements. Wow. Google the man at least. No connection, no endorsement. Just someone I came across who clearly has trading knowledge, some of which I use and some I ignore.
Half the information can be dangerous for traders , if coach is only a teacher on a subject , he does not know enough about and is not succesful as a trader.
FALSE You are an idiot. . Keep trying to buy a $5000.00 Porchse while guys like this Jim Simons buy the entire company--- dumb pretender