The Psychopathology of Everyday Trading

Discussion in 'Psychology' started by Duref Mudgins, Jan 28, 2006.

  1. It is such a pleasure once again to see a serious thread in this forum. One tires so easily of pathetic mewlings about inability to get into a trade, or to stay in a profitable trade, or to exit an unprofitable one. As you say in this day and age, "It makes you want to bitch-slap them."

    But to continue the train of thought (not to be confused with thought of trains), perhaps it will be helpful to be able to refer to Freud's text (one assumes that Brill didn't make it all up from whole cloth, who bothers to check the original Deutsch?):

    http://psychclassics.yorku.ca/Freud/Psycho/index.htm

    I have in mind here the chapter on forgetting impressions. How many times here do we see some budding genius cry out to the ET public that he has discovered a new setup and made obscene profits from it in his first trade? Some of us who have seen that "setup" before remember quite clearly the times it DIDN'T work (I have in mind here the simple price-only-based double top, which fails miserably in testing). Not so our forgetful genius, who will soon pay for his lapse by giving back all the ill-gotten profits, and more for the lesson, if he learns it at all. Trading guru's (here and elsewhere) are of this ilk, if more sophisticated. They fill posts and classes and books with charts so clear that any idiot can see to take the trade, and does. Only trading isn't done in hindsight. Nor, apparently in foresight, either, haha!
     
    #41     Feb 5, 2006