The day to day psychology of a trader

Discussion in 'Psychology' started by smallStops, Feb 19, 2015.

  1. I have zero qualifications in psychology: pure scientists as one can make them.

    There was a time when I started trading, I basically nearly complained we had
    "psychology" sessions as part of the trader training.
    Now, I am big believer in "psy" and "spirituality" for traders.
     
    #111     Feb 28, 2015
  2. dbphoenix

    dbphoenix

    My Ph.D. is in psychology, not my Master's.
     
    #112     Feb 28, 2015
  3. Now, the questions I would ask about the trader without a trading approach :

    * why is that?
    psychology / spirituality

    Is that because the person wants to gamble, but sees trading more
    acceptable socially than saying "I am a gambler"?
    Is it from greed ?
    Is it from get-rich-quick mentality?
    Is it because the person knows it is the surest way to lose money?
    What are the core motivations for trading?

    These are few examples where psy/spirituality come into effects
    at the trading approach phase.
     
    #113     Feb 28, 2015
  4. Do you Db, start to understand why psy/spirituality is important for trading?
     
    #114     Feb 28, 2015
  5. Trading and therapy : Trading will just refects the trader's subconscious mind.
    Work on the subconscious mind to improve the trader's performance.
    This is what I have learned to do.
     
    #115     Feb 28, 2015
  6. Just now, for instance, by working on this book, I get to reveal aspects of my subconcious
    mind I was not aware of.
    So these aspects being revealed, I can now work on them, as I know these aspects
    of my subconcious mind will affect other areas of my life ( including trading).

    The subconscious mind is absolutely a marvelous creation.
     
    #116     Feb 28, 2015
  7. cornix

    cornix

    My experience is the following:

    if one has a robust edge, psychological issues are of secondary importance. People rarely handle equity swings poorly if they know their system is OK. That's not just trading. Equity swings are normal in any business and there's a reason not many counselors make a living by helping businessmen cope with periods of better or worse performance. :)

    From the other side, help definitely needed for many people who have expectations out of sync with reality and fall prey to addiction etc.
     
    #117     Feb 28, 2015
    d08 likes this.
  8. cornix

    cornix

    :D

    May I ask if you don't mind, what was the topic of your PhD thesis?
     
    #118     Feb 28, 2015
  9. :rolleyes::rolleyes::rolleyes:
    Only today, after 5 years, am I receiving threats of legal actions. :):):)
    PLEASE BRING IT ON!!!!!! :p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p

    Legal actions for "emotional upset" is absolutely fine: you will thus
    have the opportunity to explain clearly what is it that has been
    bothering you for FIVE years!!!! lol

    Yes, they do not mind if one lives in a fiscal paradise: on the contrary,
    that will bring more interests for the public.

    Just in passing: https://www.psychologytoday.com/blog/the-therapist-is-in/201103/10-steps-letting-go-resentment

    And please print it out and bring it to a counsellor so as to moan :
    "bitcha gona bitch".
     
    #119     Mar 1, 2015
  10. Psychology for trading...
    Next 3 months themes to study : idolatry
     
    #120     Mar 2, 2015