Greetings Again C, Let me first state that I didn’t create or coin the term “Mental Analysis”. It was first used by Mark Douglas in his books, in which he describes in detail the system and process of Mental Analysis for the trader. In his first book he referenced the topic as “Mental Environment”, but it was in his second book wherein he codified the term more succinctly and definitively as Mental Analysis. The overall premise of his books is that; “to know the markets you need to know yourself”. Further he states his belief that success in trading is 80% psychological and 20% one’s methodology. The five (5) objectives of his last book, "Trading in The Zone" were to: 1. To prove to the trader that more or better market analysis is not the solution to his trading difficulties or lack of consistent results. 2. To convince the trader that it's his attitude and "state of mind" that determine his results. 3. To provide the trader with the specific beliefs and attitudes that are necessary to build a winner's mindset, which means learning how to think in probabilities. 4. To address the many conflicts, contradictions, and paradoxes in thinking that cause the typical trader to assume that he already does think in probabilities, when he really doesn't. 5. To take the trader through a process that integrates this thinking strategy into his mental system at a functional level. These are the works and the concept which I was referencing when I used the term Mental Analysis. KDASFTG
I've only been at this for a little over 6 years; however, I was adding to ammo's earlier post, basically saying the same thing he said but maybe with too many words. Ammo was a professional market maker and he's been at it for at least three decades if I'm not mistaken. He is one of several ET members I learned from. Disclosure: My posts about what moves markets is pure conjecture based on observation.
He said that long before today's market moving uber-funds who are actively trying to out guess each other--- My friend VN traded with and was friends with the dark lord--- i'll ask him what he thinks
we are going to have a witch hunt, you and any other females on ET will be rounded up, taken to salem and tried, best prepare and get any moles and other proof beyond reasonable doubt markings removed soon
I read it in his book related to 2008 crisis, so not too long ago. Would be very interesting to know what VN thinks on the matter.
I am curious too. I'll ask him as soon as I am able to. Remember something very important, the markets are full of subterfuge, chicanery, and misdirection. This has been part of my message from day 1-- some get it, some don't. people want to believe everything Don't always believe what you read--- I am not saying the dark lord meant to mislead, but I am saying you just never know-----
easier for them to take our money when we are all dazed and confused, this is why not trading is such a profitable trade, easy to make money ,hard to hang on to it, not give it back