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Will sure add it to my "must read" list.

I see. Thanks for explaining.

Meanwhile, you mentioned a book a few times in this thread. What's the purpose of that book?

Spirituality topics are usually accepted critically because spiritual matters are much like trading - hard to prove and as such attract a lot of dishonest types who manipulate other people's feelings of fear or greed to reach their own goals of greed. :)

Well, in most cases spirituality and psychology are the same thing using different terms. :D

That's typical for many money issues. Jesus warned about it. :)

:D May I ask if you don't mind, what was the topic of your PhD thesis?

My experience is the following: if one has a robust edge, psychological issues are of secondary importance. People rarely handle equity swings poorly if they know their system is OK. That's not just trading. Equity swings are normal in any business and there's a reason not many counselors make...

Very true. AFAIK in the US there is a separate counseling license in addition to the diploma or PhD degree.

Thank you very much.

Aha, so still colleague. :)

I got interested, because thought there are counselors on the board for real. Could be interesting to discuss psychology of trading with colleagues. :)

DB is a counselor? I didn't know.

Hmm... probably luck sometimes smiles indeed to random traders, just like it does to gamblers, but overall mathematically trading or playing this way is a losing proposition. In the long run you would lose more than you win. Guess there's a reason why top money managers mostly play with OPM.

There's some reason in DB's words I think. Truly responsible person sure would get emotional when testing things on realistic simulator, because it effectively shows the "edge" or "no edge" outcome of experiment.

Agree with you Surf, but it still looks to me that prior to doing well on simulator one better have a real edge, which is the hardest part.

For example one desires money (or rather what money can buy) while at the same time keeping the (often subconscious) conviction that money is "evil". Such a person is apt to self-sabotage in a very severe manner. A bit exaggerated example, but such cases do happen in reality, I witnessed those...

B1S2, I remember your old time threads about the holy grail. Wonder if you still trade the same way (RSI on a daily chart)?

Depends on your trade management rules I guess. B/E stop may work in favor or against the bottom line.

Right. It all comes from conflict of values.