One last time. I have coached a number of tennis players also. I certainly hope that an aspiring tennis player seeks out a coach to teach him/her the mechanics of tennis. Whether that qualifies the coach to help train the mind of the tennis player is a different domain. There are numbers of sports coaches that never played the game, but were great coaches. Vince Lombardi was a school teacher. The proof is in performance, not opinion. That I'm very comfortable with. If you insist on fusing two differnet domains, so be it. Cognitive dissonance is like that -- don't try to confuse my beliefs with facts to the contrary. There is powerful evidence that engrained, biased beliefs resist change no matter how much evidence is presented to the contrary. That's my position. Regarding passion. Traders I know are very passionate about their trading. That is something that is necessary to sustain you on the learning curve. It is also what allows a trader to change. His passion to master trading. I pity you if you do not have passion for how you invest your time and energy. Rande Howell
The weakest players are often the ones who thing they are strong So who is going to tell them the truth about themselves
Olias, I believe Psychology is a huge partâ¦. That which resides between our ears either holds us backâ¦, or allows us to soarâ¦.. I visited a very widely known trading psychologist in the pastâ¦, unfortunately he couldnât help me⦠You know why⦠Because I was not ready to change... wasnât his fault â it was totally mineâ¦.. And that is the most important part of anything â until you are ready⦠you are not ready - imo But once you are ready â changing is easy peasy It then becomes simply a matter of doing whatever is necessary Learning something newâ¦, changing a belief or habitâ¦, doing something differently... doing more of the sameâ¦.. sitting on yer hands⦠exiting⦠entering⦠whateverâ¦. The sports/ trading analogy â not sure it is a good comparison⦠any athletics you need some athletic ability.. Hardest thing a trader does is click a mouse (but oh how hard it can be to move that ole index finger at times) Just some random thoughts, while waiting to see if my stop gets taken out RN
Their inability to win should suffice - no one can make another see something that person is not prepared to see So where's your trading nirvana already RN
From Lombardi's official biosgraphy: "Deciding on a different career path two years later, Lombardi transferred to St. Francis Preparatory and starred as fullback on the football team. Upon graduation, Lombardi attended Fordham University and starred on the football team, where he was a member of Fordhamâs famed âSeven Blocks of Graniteâ." I don't think you get it. Passion has no place in development as a trader. Desire maybe. Killer instinct, definitely. IMO successful traders are not nice people. Maybe I'm just projecting. As to pitying me, come play in MY sandbox sometime. We'll see how calm YOU are. Controlling $46K of volatile tech stocks on 20:1 leverage in a fast market can be exciting. If you're on the wrong side.
Bitch Market does a pretty good job of it. Your wife when she signs the 1040 and asks "What's this $3000 loss on line 13?" Some people on ET read between the lines and deliver devastating advice.
Sorry for the joke: "How many shrinks does it take to change a lightbulb?" "I give up." "Only one. But the lightbulb has to WANT to change."