LOL, I have had Psychiatrists as students and they were the worst at being disciplined, couldn't follow rules. Don't know if it was emotions overload from patients. I believe having any degree is not going to give an edge in learning how to control your emotions, just comes down to believing in your Trading Plan, better it is, the better the subconscious will believe in you. I think, as dumb as this sounds, brain is divided into different people within oneself. Most the brain enjoys doing the same patterns all the time, when it is unhappy by doing something out of the norm, it displays emotions with us that gives us anxieties and most often fear. This where have an outstanding Trading Plan comes about, if well back tested and constant reading it, and displaying it in sim then real time, putting the brain in constant new norm, it gets easier. But the brain also remembers the past, so moments of fear when you watch price, get flashes of fear, tightness in body, coldness in neck, but they becomes instances and as soon as they come, they go, more we concentrated on doing right way, less of the how we use to trade comes back.
I would hardly equate a math degree with success in trading the market. -- I would say...if you like video games , you would be better suited for success in trading the market. I would say being a Trader is like being the race car driver, or tennis player, or action star...in a video game...it's doing the same thing...over and over again, trying to better the score -- and enjoying it, and not getting bored of the repetition. While the math degree/geek people...are the one's who build the infrastructure.
Psychiatrists seem to have more issues with egotism than psychologists do, unless the psychologist happens to be clinical, in which case the same applies. Outside of clinical, though, psychologists tend to be more students of behavior. In that regard, education in psychology is far more likely to be of help in understanding a market that runs on behavior.
ahhh, you are right, they understand the behavior, but understanding behavior doesn't mean you will become a disciplined trader. Like going to chef school for four years, you know food but still takes years to maybe get good. Still in same boat of working till you drop of designing what makes sense to how to trade and they are by far not computer programmers.
True. But at least the understanding provides one with a framework for beginning to develop a robust trading plan. Using your example of chef school, those who successfully complete the course, assuming the school is a good one, understand that cooking is not about recipes but about formulas. The pedestrian will follow the formulas and turn out reliable products. The creative will play with the formulas and come up with something "new". The formula, however, provides the framework. If one ventures too far outside the formula, the product fails (though even here one can achieve satisfactory results, such as the brownie from the cake failure). Similarly, if one ventures too far outside the market structure, his trade fails, though even here he might get lucky and eke out a successful trade against all odds. This, however, is not a sound basis for a consistently productive approach to trading.
I have always thought is I knew music more, if I had gone on in violin then stopping after four years. I have heard those who majored in music were better traders, so can hear and feel your emotions. In my case, certain songs brings out past memories of sadness and happiness, dreams of happy colors, and becoming aggressive like this one.
someone who learns very fast talented imho is someone who requires less time (therefore making less mistakes) to get it right that is why regular person will need many lives to achieve something that talented one will do in a year, regular guy is just too slow thinker, not sharp enough but most people do not have many lives, unless u believe in reincarnation