The Invisible Hand That Limits Your Trading

Discussion in 'Psychology' started by Rande Howell, Feb 3, 2011.

  1. ammo

    ammo

    it is possible that the ego takes and discards all realities that are for or against it,if the previous example of the rope were replaced with a shoe nailed to the floor being the ego,as long as you keep your foot in that shoe,your extent of a world would be about the width of your two feet at their furthest distance apart,going around in a circle with one foot nailed to the floor,once the foot came out of the shoe,your world would be infinite,the boundaries would now be the other physical extremes, i.e. land,water,edge of a cliff,the ego would only be necessary for food ,water, shelter,and survival from predators,as in wildlife. So to abolish the ego or whittle it down to its smallest size would be the core of the building block to free the mind to achieve its maximum freedom and from there to implement some safe guards, or stop limits in trading,so as to preserve the work done from regressing
     
    #61     Feb 4, 2011
  2. Redneck

    Redneck


    And there you have it

    RN
     
    #62     Feb 4, 2011
  3. jjf

    jjf

    At the most basic level a sports coach shows a pupil how to hold a racket and hit a ball.

    At a pro level the player has skills far in excess of the coach whose role now changes to ensuring that the conditions to play and win are created and embedded in the mind of the player.
     
    #63     Feb 4, 2011
  4. Shame on you for even trading today, RN. I need to give you some lessons. I am feeding my birds, they are eating about a pint of seeds an hour in this snow. Never knew there were quite so many birds about. Even the accurst crows are eating seeds, and they are carnivores.
     
    #64     Feb 4, 2011
  5. You are forgetting that when the coach was in his prime he was probably better than those he coaches now. So my assertion stands. You want to coach? You had better at some time have played a top game.
     
    #65     Feb 4, 2011
  6. jjf

    jjf

    This statement is typical of a person who has encountered an arena of win/loss for the very first time.

    They have bravely stepped outside a safe existence and been hit by the harsh reality of win/loss.

    Moving beyond this point is where the game becomes interesting
     
    #66     Feb 4, 2011
  7. ammo

    ammo

    how about a race car driver and his mechanic
     
    #67     Feb 4, 2011
  8. jjf

    jjf

    not necessarily
     
    #68     Feb 4, 2011
  9. Redneck

    Redneck


    No kidding – like watching paint dry

    This snow is beautiful…

    RN
     
    #69     Feb 4, 2011
  10. Traders specifically -- 4-5 years. One showed up in my office and more followed. Then I started speaking at Traders Expo's. I've been a licensed therapist for years. And started working with peak performance when I acknowledged I had more in common with developing potential than I did with working exclusively with pathology.

    I have no idea how many traders I've worked with. Being that I do a number of different educational formats, I don't have a specific success rate. But I can tell you this -- I guarentee by individualized program and have never had someone ask for their money back. My view is this, if you have the motivation, you can learn the skills and tools that teach you how to produce a new level in trading. And, of course, references are available. That is probably the best way to measure success rather than me spouting off a number that can't be verified.

    At the core of all this is a fundamental understanding of biology and the mind that emerges out of our brain. This is something I learned when I was working with large, very sick, client populations from prison populations to level 3 mental facilities. What I discovered quickly was that most psychology applied to these populations simply did not work. Sounded good, but didn't create the possibility of change. And I began asking myself -- what could work? I learned how to teach emtional regulation skills to these very difficult populations including fear, anger, and impulse management. It was a good training ground. When I started working with traders, I was amazed how applicable these skill sets were to the problems that traders face with their anger, fear, and impulse. The empowered stuff and the internal narrative work comes from different sources.

    Hope this answers your question. Truth is I enjoy working with traders. There is an intensity and urgency and motivation that I don't find elsewhere. And there is a BS meter -- the trading account. It holds all of us accountable to our performances.

    Rande Howell
     
    #70     Feb 4, 2011