People are not at their best when they're afraid. And people are afraid. And they will continue to be afraid, particularly when FoxNews et al stoke the fires. And why do they do that? There's a lot of money in fear. Just listen to the current crop of Republican presidential candidates, and...
Depends on your perspective. Back in the day, we thought that when the old people died off, everything would be okay. And when the SC decided Loving v Virginia, we thought that racial harmony would finally be at hand.
Ha!
I saw whites throw rocks at black children trying to attend school. Now...
"Present-day America" does not include the Olde South. They've never felt that they were part of the rest of the country. Even today they talk of secession. There are those who believe that Lincoln made a mistake by not allowing them to secede. If he had, they would be pretty much on a par with...
A point which I made not too long ago. He also has the right to decide, perhaps on the grounds of "religious liberty", that he's not going to admit registrants who are named after beer, feminine hygiene products, anatomical parts, etc.
When you repeat the same old same old day after day, week after week, month after month, year after year, it becomes blah blah blah.
Find some new material or consolidate it all into a hot key and save yourself some time.
Of course it could be something else. That's why I used the word "perhaps". But this isn't the place to go into all of that.
As for the difference between coaching and therapy, as I said, it is the job of the coach to get the trader to trade his plan. If the trader doesn't have one, the coach...
If one has a robust trading plan but lacks the discipline to follow it, then perhaps he for some reason seeks failure. This isn't a matter of coaching but of therapy, and that is outside the purview of an internet message board.
After 20 years of it, I agree. In all this time, I have yet to encounter any trader with "psychological problems" who also has a thoroughly-tested and consistently-profitable trading plan.
Has nothing to do with how good I am or whether or not I'm good at all. It has to do with whether or not the trader has a trading plan other than "looked like it was going to go up".
Most don't.
It's amazing how quickly results improve if one studies, tests, prepares.
A loss is a message sent by the market. Unfortunately, the unprepared trader is so focused on himself and his loss and the self-recrimination to which this generally leads that he isn't even at home to receive the message, much less read it. So while he's wallowing, he completely misses the...