BTW, why don't you (or anyone) try to present a preferred trading method/plan for comments by others? It seems this is an effective way for improvements (one of the aims on ET). We can see so many members on various forums are quite willing to help others by giving positive and constructive feedback to encourage improvements. I would think many successful traders want to see other traders to grow and improve, based on each individual's hard working and learning efforts. Most likely they don't feel comfortable when otherwise, I guess. Just a thought!
Although these questions are intended to show investors the risks inherent in pursuing profits it might be worth a look. It is a .pdf file but is only 5 pages. http://www.benefitsboard.com/Funds/Handout risk quest.pdf BTW, why don't you (or anyone) try to present a preferred trading method/plan for comments by others? It seems this is an effective way for improvements (one of the aims on ET). There are a bunch of threads in other forums aimed at exploring those questions.
I have to confess that I only know very little about trading (that's why I am here), particularly if anything worthwile to share. I am still struggling daily like many of us in the trading world. We all need to improve ourselves constantly. I find this hard to believe.............. Michael B.
Patterning Machine "According to most cognitive psychologists, the brain can best be understood as a patterning machine. Your experience in the world is stored in your memory as a collection of meaningful patterns. When you think, you are deliberately exploring these patterns to help you understand tasks or concepts, solve problems, or make judgments. The pattern-driven nature of the brain is profoundly efficient for day-to-day living. You have developed a pattern for putting on your clothing, for example, so that you don't have to rethink the steps every time you dress. But sometimesâespecially when facing a new or complex situationâthe patterns will get you into trouble. You can be trapped by your routine ways of looking at the world and make inaccurate assumptions and judgments about the situation you are in. Becoming aware of these pattern thinking traps can help you avoid them." http://www.newiq.com/mentalnote/20010215.htm
my thoughts below: we should not limit ta by excluding all psychological factors as some traders do. ta and psychology can be highly interrelated/interacted and hence they should be integrated with a systemic view for improvements. if i were one of the traders that post a trading method/plan for the aim of inviting comments, i would have no hesitations to do more to achieve my aim.
According to most cognitive psychologists, the brain can best be understood as a patterning machine. Your experience in the world is stored in your memory as a collection of meaningful patterns. When you think, you are deliberately exploring these patterns to help you understand tasks or concepts, solve problems, or make judgments. The pattern-driven nature of the brain is profoundly efficient for day-to-day living. You have developed a pattern for putting on your clothing, for example, so that you don't have to rethink the steps every time you dress. But sometimesâespecially when facing a new or complex situationâthe patterns will get you into trouble. You can be trapped by your routine ways of looking at the world and make inaccurate assumptions and judgments about the situation you are in. Becoming aware of these pattern thinking traps can help you avoid them." I have read this previosly and think it is accurate and agree. This function of the brain and cognitive process is truely a wonder to behold, realize and try to understand why we do things. Thanks bdixon for this reminder......now if I could only remember where I stored my research on this....LOL Michael B.
I have to confess that I only know very little about trading (that's why I am here), particularly if anything worthwile to share. I am still struggling daily like many of us in the trading world. We all need to improve ourselves constantly. I find this hard to believe.............. Michael B. -------------------------------------------------------------------------------- which word? THE WORTHWHILE TO SHARE PART, I ENJOY YOUR POSTS IMMENSLEY.... MICHAEL B.