The best solution for traders , to eliminate the psyche problems , is to employ a data entry clerk .The data entry clerk (a learner with some quality input to trader) will guarantee the success of many traders .As part of some coaching package , and some profitable formulas on spreads , a third service of data entry clerk(trade entry) may also assist traders to become highly successful.The trader will eliminate emotions and stress from trading , and can trade rationally. good luck!
Traders can hire virtual assistants for less than $10k a year , a small price to pay.These assistants can monitor your screen 10 hours a day , do back tests , do excel analysis , keeping records and input your trades. https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=virtual assistants
Traders suffer emotional hijackings and emotionally clouded decisions "A trader needs experience, and they need to pay for it." https://www.elitetrader.com/et/threads/a-trader-needs-experience-and-they-need-to-pay-for-it.303193/
I have a very close friend who has the terrible habit of getting convinced that the price will move in a certain direction sometimes, even when they can clearly see the signals for a reversal. It's like they've put on blinders. I mean, I do that too sometimes, but in their case it's egregious.
How Emotion Can Cloud Judgment Let’s take another example, the famous quote ‘love is blind’ – love is all about accepting a person with his or her faults, however, sometimes love leads people into IGNORING the faults of the person they love, and creating their own illusion of the person they live - this can, at times, prove to be extremely dangerous. https://www.google.co.uk/webhp?sour...F-8#q=don+t+let+emotions+cloud+your+judgement https://hbr.org/2015/05/dont-let-emotions-screw-up-your-decisions
He is under emotional control from the subconscious , his rational brain is blocked (amygdala hijack). I had a trader who would put on trades earlier than trading time , because he wanted to close trade early before his dinner time.emotionally driven decision here.think
The problem is ancestral/hereditary to humans .It is deeply embedded in our genes and our amygdala emotional brain , we can not change this chemistry/bio. There are psychologists selling mindfulness techniques.I personally don't think it can work but I have never tried it ,it may work for you https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=mindfulness work in a team of several traders , working from same office , with the other traders managing the entries of another trader .This will solve the problem , but may create other problems of other traders like too friendly atmosphere, more people with more problems etc You need traders or yourself with full discipline , meditation , total focus , totally free mind , total concentration /focus (no phone calls or any disturbances to the thoughts) and very serious office atmosphere. https://www.elitetrader.com/et/thre...l-intelligence-than-emotionless.299723/page-3 I SOLVED MY PROBLEM AS FOLLOWS: The best solution for traders , to eliminate the psyche problems , is to employ a data entry clerk .The data entry clerk (a learner with some quality input to trader) will guarantee the success of many traders .Traders can hire virtual assistants for less than $7k a year , a small price to pay.These assistants can monitor your screen 10 hours a day , do back tests , do excel analysis , keeping records and input your trades. https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=virtual assistants
I missed IMPORTANT criteria in analysis = cognitive blindness Inattentional blindness, also known as perceptual blindness, is a psychological lack of attention that is not associated with any vision defects or deficits. It may be further defined as the event in which an individual fails to recognize an unexpected stimulus that is in plain sight. https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=cognitive blindness