Recent content by The_Merchant

Wait...most? Pretty sure one or more of those three is the reason everyone fails at everything. But I think number 3 is the only one that's not able to be fixed by trying harder.

But even on the Savannah our "fast instinctive response" led to us turning away from a predator, not towards it. This might actually be the answer I'm looking for. Everything attributed to "psychology" may stem from misinterpreting the visuals. We see a predator and instinctively respond by...

Cognitive biases. Yes, I think that's what I'm driving at. It would make sense to me that cognitive biases are NOT the cause of bad trading directly, but are instead the cause of picking the wrong direction or of believing in the wrong market conditions (which, in turn, leads to...

So as an amateur psychologist who is friends with several professional psychologists, something occurred to me recently. In psychology there are people with depression. And psychological help can help those people with cognitive therapy. There are people with PTSD and psychological help can help...

I've never used a daily stop loss. Always a per trade stop loss. I know that no matter how many times I trade, I'll win more than half. Let's say 60% for this argument. My average win is "X" and my average stop loss is set to 0.5X. So it doesn't matter how much I trade, the math says I win. If I...

"The human brain is wired to lose in the markets." FALSE "The publically educated brain is wired to lose in the markets." TRUE If you want to be wired to win you have to undo the wiring that you were wired with when you went through the public school system. For example, even though it wasn't...

If you believe that the market only has two types of movements (trend and consolidation), then you identify trends by identifying the completion of consolidations.