I think that's one of the main lessons from the Market Wizards books. You really have to find several simple things, that work for you. I've found my edge and I'm very proud of that. It's based on a few very simple concepts. You're making a very good point here.
It's an overarching part of the human condition, trample the simple answers and go for complex ones that don't work, it's everywhere... Well, guided imagery was great the first time then I tried it again and it turned into a nightmare, it's seeming to be like the Oiju Board in that respect, maybe I'll work on it or maybe I'll abandon it... I've known people that were absolutely spiritually oppressed and in conversation we were able to determine that it started with the Oiju Board... they had similar stories too, started off fun and turned real ugly real fast.. then again, the ugliness might be some dark spiritual force that just hates me and does not want me to be in touch with my real self... the ongoing struggle, wow... few achieve clarity of thought believe it or not...
It is very powerful. Its all depends what you are looking up to. And also science has recognize that we only use about 1% of our mind on the conscious level. In the review of some dream experts say that the subconscious mind operates our dreams..
Flashboy⦠It sounds to me like you are conflictedâ¦I have been there and itâs a bad placeâ¦The only way out is to resolve the conflict in your mindâ¦if you are short termâ¦then there isnât anything more important than rigid executionâ¦rigid within your toleranceâ¦understand that the combination of poor execution combined with frequency is disastrousâ¦if you add in a natural risk aversion to that mixâ¦itâs impossible to make moneyâ¦your own self protection mechanism kicks inâ¦and your subconscious doesnât care about logicâ¦it wants to be safeâ¦the only thing that worked for me was learning ZEN relaxation techniques to detach from outcomesâ¦and to treat my execution as if my life depended on itâ¦and what I mean is my trading lifeâ¦we are all striving for a certain lifestyleâ¦if you realize that cocktail (poor execution + frequency + risk aversion) is the certain death of a trading careerâ¦then focus on the only thing that you canâ¦executionâ¦treat your entries as if your trading lifeâ¦the life that exists in your future that you desire so badly depends on it...because it doesâ¦same for your exitsâ¦even more so for exitsâ¦when you get the signal to take a profit...or bailâ¦your outâ¦no second guessingâ¦you do it because that is what is required⦠I would back up and take the next couple of days and go into the simulator and focus on rigid executionâ¦you need to get your confidence backâ¦you also have to learn to let go of outcomesâ¦we have no control over an individual outcome but the series when executed properly is predictableâ¦(as long as your method is viable)â¦do you have a method?â¦are you conflicted between time frames?â¦the problem with being highly intelligent is being able to see all the possibilitiesâ¦this creates conflict and stress⦠you have to reduce stress because stress often produces impulsivenessâ¦impulsiveness produces mistakesâ¦mistakes produce lossesâ¦losses produce more stress more fear...more self doubtâ¦the loss cycle⦠A good book on Zen is âZen and the Art of Pokerâ it relates to trading very wellâ¦you could also get a digital voice recorder make yourself some mp3 messagesâ¦to keep you on trackâ¦a little program called Alarm Wiz will play them at prescribed intervals⦠Best of Luck
I agree. Although I'm not a poker player, I read this book a number of years ago on the advice of an acquaintance. Indeed, it relates very well to trading.
Interesting thread! I'm more of the view that we often need to reprogram the conscious mental habits that are built into our trading. I'm quite successful as a trader, making consistent profits. I fought hard to find my own edge. It relies on several simple concepts. However, I really had to reprogram my "habit algorithm" to tailor it to the edge I've finally discovered. That was the hard part. Well, it's working very well for me now, I'm happy I can stay positive. Positive thinking is very important. BTW, the works of Michael Covel and Dr. Brett Steenbarber have really helped me along the way. I'm also planning to buy two or three systems from Gilberto Rudiero. You should see his thread on intermarket analysis. Well, in any event, I thought I'd share some of my thoughts with you guys. I have found my edge, one day you will too!