if you are not already successful, I doubt it would make much of a difference. Hypnosis has a spotty record...
This is what I would like to know. Was the hypnosis successful? What are the improvements you benefited from? How many sessions did you take? Did you see someone specialized in trading or just a normal hypnotherapist? Do you still take sessions? Was live in person session or tapes/over the phone? Is it something you would recommend? I have been successful, but having a hard time now. thanks
I sent the OP a PM with details. Here's a little overview on a central issue. Most trading problems have nothing to do with trading. Here's an article where I discuss some of these issues. How Disciplined Traders Measure Risks By Kurt Eckhardt | TradingMarkets.com The recent volatility in stocks, currencies and commodities has certainly caused most traders - even investors - to focus increasingly on self-discipline. Seasoned traders are long aware that success is less predicated upon what the market is doing than what we are doing. Individually we hold little control over future economic events. Even the best of us have little prognostic capability to anticipate those events. Further, even when we correctly forecast aspects of the future, we never know for sure how the market will respond. For example a few months back, I posed this question: If you'd known 3 years ago that gold would be $1000 an oz, oil at $140 a barrel, corn at $6 a bushel and the Dow at 12,000, what yield would you expect from 30-year Treasury Bonds? Naturally all agreed that a sub 5% long bond yield would have seemed VERY unlikely. Perhaps even 8-10% would have been in the ballpark. The point is even if we know, we still know very little. Hence it's foolish to over bet on something both uncontrollable and unknowable. We're here though to make money and only through risk can gains be achieved. So first let's examine ourselves and identify how much risk we can afford. Each of you must ask yourselves pertinent, probing questions. What do you want economically? Do you want or need money for something that's missing in your life? Are you trading speculative capital or retirement funds? Is your goal to earn undramatic yet steady returns or are you trying to turn a small stake into a small fortune? Are you trading/investing in the right products? Are the strategies you're employing the correct mix for your skill set? Because this is perhaps a book in the making we're going to take some extra time working on these issues together. We've all heard the old adage, "don't wish too hard for what you want, you might just get it." If you're trading for money to buy something that you really can't cope with attaining, you'll eventually lose...miserably. Most of us fail in various arenas because of self-sabotage. Now you all know me better than to think I'm just going to throw some pop-psycho babble at you without fully explaining. None of us should confuse a conscious want (money) for a sub-conscious desire (change). Believe it or not some of the best available research is on dieting. Think about it. Isn't a boom-bust trader pretty similar to a dieter who sheds unwelcome pounds only to binge them back on? Why do we do that? Let's say you're a shy girl who's always been uncomfortable with attention from men. Perhaps you subconsciously put on weight to hinder your attractiveness as a defense mechanism to ward off those unwelcome advances. Finally you may get to a point where for health or business reasons you decide to diet. You perform research, decide on a plan of action, execute it and the pounds disappear. Eventually though you'll be "rewarded" with those unwelcome glances or social pressures of engagement and retreat back into the safe shell of obesity. The relationship between men and money isn't much different. We may think we want to be rich but if we perceptively anticipate how money will change our lives we can easily bristle at the thought. Many of us are trading to get the right girl or lose the wrong one. To impress our family or to get even with them. To show our friends, former classmates, teammates or workmates that we've graduated to the major leagues of speculation. I'm not the first to remind you - it's usually about more than money. For the rest of you - those grounded, committed souls who're trading for more noble pursuits like your kid's education, your retirement or to stay diversified in an anything can happen socio-political-economic environment - your discipline problems are easier solved. One of the traits I noticed of the most successful floor traders was an almost imperceptible confidence not just in their trading ability but in their personality. Traders like athletes need an inner belief system convincing them that they're the "go-to" guys in the clutch rather than chokers. The mortals among us may still huge unresolved conflicts inhibiting our habits. What we're going to do is break down our analysis into a few sub-groups of market participants. Depending on capital, goals, available time dedicated to trading - us traders come in a myriad of sizes. We'll look at a few common individual "profiles" and I'll throw some ideas at you. As in athletics method breeds confidence. The Under Capitalized, Over Leveraged Short Term Trader: When you don't have a lot of money you can't help but to be over leveraged. I can hardly suggest to a one lot trader that he trade smaller. I can tell a two lot trader though to trade only one contract or a ten lot trader to trade only 3 lots. In this environment, cut it down. Way down. Money is bullets. You're in a shootout against an opponent better armed than you. You need to make every shot count. No longer can you safely risk 1.5 E-mini points trying to make 4. Wider stops mean smaller size and less frequent trading. Ok, now you're going to be small and selective. That's half the battle. Next, where are you wrong? I'm sure more than a few of you have painfully realized that positioning without hard stops but instead waiting for a contrary system signal to be generated is a poor discipline choice in big range markets. Hourly bars are now larger than the ranges in previous years. If your crossover or divergence system doesn't allow for hard stops then you better either figure out how to incorporate stops or trade smaller than usual. (continued below)
Hypnosis can help your attitude if you believe that hypnosis can help your attitude. Whether your attitude can help your trading largely depends on where you are on the learning curve.
Here's how two different traders approach the same idea. Bill and Ted both fade short term volatility. Each will tell you that they're the type who "buys when everyone else is panicking." Each has enjoyed success in choppy, mean reversion markets. While Bill is methodical and technical in his approach Ted considers himself more of an intuitive gunslinger. On a sharply lower open both Bill and Ted become buyers. Bill though has analyzed prior gap down opens and knows his thesis is violated if prices break down more than a few ticks below the opening range. Bill then places a sell stop at an appropriate level. Bill is merely playing the odds. He realizes you "win some lose some" and he's confident enough in his methodology that no matter the result of any individual trade, over a wide enough sample he'll be profitable. Bill also knows that a single huge loser can wipe out weeks of small, steady profits. Ted on the other hand lacks a cohesive plan. If the market goes lower after his purchase he'll rely on anecdotal observations. "Yes I'm stuck long higher but the markets already had a historic break. A rally is certainly due. If we plunge further I'll just buy a bit more. Besides the Fed could ease at any moment." While Ted is hoping an unpredictable event will still bail him out, Bill is flat after taking a small inconsequential loss. Bill is now in a detached frame of mind allowing him to wait for another measured opportunity. In real life we know that at the end of the day it's quite possible that Ted's wild adventure will work out to his short term advantage. In fact Ted may even console Bill, "Sorry you took that loss off the open. I knew this stuff was over done so I added to my longs. I don't let bad prices drive me out of a position." The seeds of further problems have been sewn. While Bill views his loss philosophically - he wouldn't do anything different - even in hindsight - Ted also isn't going to do anything different. He is emboldened by his experience. So a few days later when the market gaps lower once again both Bill and Ted will be buyers. This time Bill treads lightly. He'll recognize that buying dips is no longer the strong odds play it had been and accordingly he'll cut his size back and tighten his stop. Ted though may even trade bigger this go around. After all the last session it worked beautifully. This time is different though. As the Dow trades at -500 or -600, Ted is thinking "no way does the Fed or they allow the market to close at -800. If I sell now for certain I'll be selling the low of the move." Ted continues to buy and hold as the market closes on its low of the day, down 750 points. That night Ted's brokerage house informs him that he's on margin call and that his positions will be sold out for him on the next day's open. Because of the heavy forced liquidation by Ted and his ilk the market once again opens sharply lower. This time instead of being a buyer when "everyone is panicking", Ted is forced to sell his holdings. Who buys them? Bill! Bill will once again do as he always does. He'll fade the open with a prearranged stop loss. This time instead of being stopped for a quick loss like the prior couple of times the market does indeed make its low on the open and Bill not only recoups his two small previous losses but makes a good deal of money on the subsequent rally. Two traders, two similar methodologies but a world of difference in strategy. The lessons we all need to learn is anything can happen. As I write this the price of Volkswagen has just risen fivefold in Frankfort and for a brief moment Volkswagen is the biggest company in the world! All on the back of short covering by funds who've lost billions of Euros on the move. Every trade no matter how innocuous must have an uncle point. Be it a stop on equity or a technical level at some point you must enter survival mode. A few days from now we'll examine how longer time frame participants can stay disciplined even though they're already less leveraged. Kurt J. Eckhardt began his trading career in 1982 as an active floor trader in the Treasury Bond pit at the Chicago Board of Trade. Today Kurt is president of Eckhardt Research and Trading which offers the first ever futures pool to trade live on line while educating clients. Please go to www.Ecktrade.com for details and contact information.
Yes it works, but like trading what works for you may not work for me. Hypnosis works best for ppl that are open to suggestion. Some ppl. are more close minded than others. The same could be said for NLP or meditation.