Traders with mental problems

Discussion in 'Psychology' started by oilfxpro, Dec 6, 2011.

  1. It's really to the point of hilarity that 2+2=4 is what you were thinking just to ramble on without actually writing the correct numeric syntax, instead, being ready to rant, you forgot that the most important point you were making is at the beginning by example 2+2+4 is math that you don't know how to explain, apparently.
     
    #41     Dec 18, 2011
  2. Anyone know anything about OCD and trading?/People with OCD and its effects on their trading psychology?
     
    #42     Dec 21, 2011
  3. Fear of the next trade .Fear of Loss.
    Look at the chart once . remember this set up failed , keep reviewing the trade set up umpteen times and not trade.OCD example.

    Look at 15 different indicators several times ,on several time frames is another example of O C D .

    One has to read a book on O C D and relate it to trading.
     
    #43     Dec 21, 2011
  4. emg

    emg

    Gambling is mental illness

    http://www.medicinenet.com/gambling_addiction/article.htm


    Higher Education is the key to eliminate Gambling mental illness. MIT BLACKJACK TEAM is a proof they are not gamblers.

    HIGHER EDUCATION


    More than 90% of small traders lose! They just lose!!!!!!!


    Time to reload your accounts? Keep reloading until u are dead dead broke
     
    #44     Dec 21, 2011
  5. Handle123

    Handle123

    My problems with OCD had to do with backtesting 3-4 times of same parameters as if some elf might change them in middle of the night. I didn't abuse indicators as I knew after awhile that anything that went on the chart had to be backtested before being traded. To a degree, the OCD helped me to be ultra careful, but when I added futures to what I was doing in stocks, the leverage bought out all the worst in OCD, all the work I had done to minimize the OCD flew out the window, back to the beginning I went, took some years to work out these problems to where I am today, and occassionally I will have slight feelings of doing something a few times, but I force myself not.

    You can watch other people and learn what "normal" is, then become an actor and do what they do until the brain gets use to doing the same patterns, then the real you melts into who you become.
     
    #45     Dec 21, 2011
    beginner66 likes this.
  6. emg

    emg

    Here is an interesting article:

    http://cmhc.utexas.edu/booklets/gambling/gamb.html

    according to the article:

    "Most all of us have sat around and fantasized about what we would do if we won the lottery or hit it big in Las Vegas"





    "one of the hardest things about helping people with gambling problems is that they are very likely to deny they have any problem even when it's obvious to people around them."

    that means, there are many small traders deny they are gamblers.


    "Time magazine estimates that there are nearly eight million compulsive gamblers in America, one million of whom are teenagers."

    "Compulsive gambling is the advanced stage and involves behavior that is out of control."



    Compulsive Gambling is a terrible terrible disease. I believe it is worse than heart disease.

    http://articles.latimes.com/1986-10-28/business/fi-8124_1_compulsive-gambling





    The key to avoid of becoming a gambler and become a successful trader is HIGHER EDUCATION ( Mathematics and Computer Science degrees).


    MIT BlackJack Team proved advanced mathematics beat the casino. The difference between small traders and MIT BlackJack team are small traders are lower educated, gamblers, and are under capitalized. MIT BlackJack Team is higher educated, are NOT gamblers, and are well capitalized when playing.


    More than 90% of small traders lose. They just lose!
     
    #46     Dec 27, 2011
  7. zdreg

    zdreg

    or do you mean the following?
    "Although sometimes confused with OCD, obsessive compulsive personality disorder (OCPD) is defined by perfectionism and an unbending expectation that the individual and others will keep a specific set of rules. OCPD sufferers do not tend to engage in ritualized behaviors (compulsions). However, OCPD tends to occur more often in people with OCD than in those without and therefore can be considered another risk factor for the development of obsessive compulsive disorder. "
     
    #47     Dec 27, 2011

  8. As someone who has been diagnosed with OCD it always makes me laugh at how misunderstood the disease is...
     
    #48     Dec 27, 2011
  9. Lornz

    Lornz

    +1
     
    #49     Dec 27, 2011
  10. zdreg

    zdreg

    would you and others in this situation explain how your condition has enhanced or lessened your ability to trade.
    thanks.
     
    #50     Dec 27, 2011