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Ok, regarding automated trading, discretionary trading and their relationship to psychology, I've finally found a way to put it all together. 1) Automated consists of univocal rules and in this sense psychology does not matter. 2) Discretionary by definition must have at least a part of...

The interesting thing is that such a bad trader could become so popular for a while and cause so many problems. The bank I work for has a trading desk full of college graduates that know nothing about trading, trade with basic technical analysis, and I have knowledge that they lose money even a...

"Never done it before, so I'm going to be on a demo account. " That's a very good first step (not granted). Stay on paper trading until you find a consistently profitable method. "I hear a lot about systems, discretionary versus automated (you decide versus it decides for you). Does ever...

Huh. Thank you. http://www.letmewatchthis.com/movie-770-Player-5150 http://en.wikipedia.org/wiki/Category:Trading_films

I know that repeating it each time could get me a lot of criticism and ridicule, but it's all true, so I am not going to lie about it - I was really this sick and stupid to keep on losing real money for 12 years. And I keep on writing it down, to remind myself of what I must never do again...

Yeah, of course, I agree with everything you said, even though this... "When someone is telling you that if you get the trading technique correct the psychology takes care of itself, then that is saving you a lot of wasted effort if you accept that advice. Be grateful." ...is something...

Yes, I think I found it (I took a look, but it's a bit too much reading right now): http://www.elitetrader.com/vb/showthread.php?s=&threadid=150396 Other than this, you understood me correctly about everything (that I was talking about intraday and all), and I drew your same conclusion more...

Then why is everyone dishing out psychology advice? Where is the profit in that case? They wanna be helpful. Well, I am telling everyone how to be helpful (if they really want to, and if they can).

To all preachers on psychology, stop telling me how I should control myself, have self-discipline and so on, and start telling me what exactly works, what method is profitable. Everyone is spending hours explaining on videos and forums how you should have self-discipline, but very few people are...

Oh, I see. Thank you.

Ok, done it: http://en.wikipedia.org/wiki/Category:Trading_television_programs http://en.wikipedia.org/wiki/Category:Trading_films Ok, now someone for sure will object that mahowny is not a trading film, but the psychology of it is much closer to that of day trading than even Wall Street...

I will contact you in private, to try and work with you on those pages: I'm having some problems with editing the page. Wikipedia is a great product to read, but it is not as easy to write on it.

Go ahead - I don't know how to start it. I'll help you write it.

This user has the complete collection of WSW videos: YouTube - gamepro247131's Channel You definitely should check them all out, despite what I said about them being too fast-paced, and too focused on the "beauty of money" rather than the actual trading needed to get it.

Some of these are very trading-related (especially Owning Mahowny): http://en.wikipedia.org/wiki/Category:Gambling_films Also, the second edition of Wall Street Warriors is much better than the first one. They talk more about trading, and less about how great it is to have a lot of money...

Let's start the topic all over again. It could very well be that we all agree on everything, but get lost in semantics and terms. Are we saying that we need a psychologist because we want to hurt ourselves and therefore make the wrong trades by self-sabotage? Because from my experience that...

http://en.wikipedia.org/wiki/Category:Business_films

So far we've agreeed with a couple of other people that we should differentiate between automated trading and discretionary trading, and then based on what % you're investing with discretionary trading. Whether you are doing one or the other makes a big difference in the psychology required...

Out of what I've seen so far - Boiler Room, Wall Street, Rogue Trader - I appreciated and identified the most with Rogue Trader.

One more trading-related online movie: http://www.letmewatchthis.com/movie-7074-Quicksilver