The day to day psychology of a trader

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

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    #501     Nov 12, 2016
  2. :D :D :D
     
    #502     Nov 16, 2016
  3. Now, it looks like s-o-m-e "Mesdam and Ladies" did not get the message.


    I understand that the miracles that are occuring are impressive. :D :D :D
    I have to recognise that I am myself impressed by how this works.
    I have still not figured out exactly why, but then when something works, one can
    only make good use of it.

    So now: The confession "slots" are FULL. I mean FULL like FULL .
    Second, you are not charged the $50k/session : the fees have been waved just for you. Basically,
    the real problem is "a time availability problem".
    Third, the last one who just got a spot for this end of month, had already been scheduled since september.
    So no, this "Madam/Lady' is not receiving a special "privilege".

    Let me repeat: those who do not have a "confession slot", please get yourself as soon as possible into the first of a serie of FIVE dhamma (d,o,t,) org. THEN and only then, if you still have problems, even after doing your FIVE retreats , you will of course jump the queue. Do not waste time waiting for 2017: get yourself there now.
     
    Last edited: Nov 16, 2016
    #503     Nov 16, 2016
  4. Herbert

    Herbert

    There's a whole lot of pressure involved in trading Forex. But to take it off you, you'll have to trade like you don’t need the money. The money part of trading Forex is simply an end result. Under the most intense circumstances, the best results will be produced only with a deep concentration and focus on the task at hand; that of making the best trades.
     
    #504     Nov 18, 2016
    smallStops likes this.
  5. Let's update with material I am using to work on my psychology.
    Still working on this issue of upping position sizes.

    Bible interesting story on Ananias



    quiet some insights:


    From 30:00 is most enlighting.
     
    #505     Nov 20, 2016
  6. Herbert

    Herbert

    Whether you are a day trader or not, it is important to have a trading plan. If you have realistic confidence in your method and yourself, then temporary losses don’t matter, because you will come out ahead in the long run.
     
    #506     Nov 21, 2016
  7. My problem had nothing to do with lack of confidence in the method.
    The self-sabotaging patterns showed up as super-confidence in my approach to trading.

    I have to say I am VERY lucky to have now sorted my self-sabotaging patterns. :D :D :D
    It's now about continueing to test for few more weeks to see if the self-sabotaging behaviour has now been really dealt with, and most importantly has not morphed into another unhealthy pattern.
     
    Last edited: Nov 21, 2016
    #507     Nov 21, 2016
  8. “If you know the enemy and know yourself, you need not fear the result of a hundred trades.
     
    #508     Nov 22, 2016
    Herbert likes this.
  9. Mysteron

    Mysteron

    #509     Nov 26, 2016
  10. Herbert

    Herbert

    Panic leads a forex trader to make wrong choices. The impact of panic is greatly amplified by leverage. And as price fluctuations increase in depth and frequency, the value of predictions diminishes significantly. This can result in a loss of confidence in our trading choices. What is the point? A trader must gain control over his emotions to be successful in trading Forex.
     
    #510     Nov 28, 2016