Too much focus on psychology

Discussion in 'Trading' started by Brandonf, Nov 11, 2005.

  1. Brandonf

    Brandonf ET Sponsor

    This is along the lines of surfers thread that there is too much focus on being defensive in trading. I think there is also entirely too much stock put into the pop psychology of trading. I know its a sacred cow, but in my experience its one that losers hold on too, hoping, hoping, hoping and I think that there are a few things a person can and should do to be successful. I have worked with sports psychologists and did see my results improve dramatically, so I am not saying it is worthless..but I will say this. When you go to work as a prop trader or at a hedge fund you sign all kinds of documents to the effect that you will not tell anyone the methods used to trade. I have never heard of anyone having to sign a discloser that they will not reveal the super secret ninja mind tricks of top traders though. I think a trader could read Kiev's A Strategy for Daily Living and apply that to their trading and be done with it at that point.