Quote from 25grand:
Quote from Grob109:
for Lo's perception of anxiety.
....So the heart rate and pulse monitors on the successful currency traders displayed just a perception? Their heart rates really didn't go up, Lo just thought they did?
My question still stands. Does NLP cure traders of fear, uncertainty and doubt - the most overarching and pervasive emotion among traders. .... the one that causes the most entry and exit errors.
I don't care about it for any other reason than that.
I am sure Lo was in a trading room while doing his stuff.
He is detecting a lot of things with the currency traders. His recent writeup in Forbes was interesting an I'm sure he has a steady clientel.
I understand your viewpoint regarding traders and their wanting cures for various things.
Your interest in fear, uncertainty and doubt is very very important. When it is in the space there is (are) major reasons.
Certainly, its present is a causal factor in a lot of ways. If entries and exits are important then having anyone or all of these emotions present for the reasons that they are is a major thing to be addressing. They are preventing things from happening by doing their individual and collective best for their host.
You are focussed on being sure that these emotions are absent when entries or exits, or anything else for that matter is going on.
This is not a pep talk consideration and having Tony in the room may not be too helpful. Having Lo recording your behavior may also not be too productive.
I don't do fear, uncertainty and doubt. And I am considered by some who know me as the most "steely" (their term) they have every seen at a time when they feel the market is going to hell. Those who just get to hear me (Paltalk is available) sense that my voice is calm and steady as they hear it repeatedly. Those I mentor have a much more comprehensive view of my makeup nature and my Sharpe ratios.
So you will be pursuing getting the low down form Lo. You will check in with a lot of people who have these traits: fear, uncertainty and doubt. I have seen a lot of different people over about 50 years and I have been in places where money is being traded.
I have seen a lot of people like what you describe and what Lo is measuring and commenting upon and running a consulting business as a consequence.
When a person is glued to the screen and he is in the state recorded by Lo and when the characterization of the situation is characterized as fear, uncertainty and doubt, I would simply take the person out of that state immediately and go through a process so that it never happens again for that person.
where that person is is destructive to him and is something if allowed to continue will not end happily.
It is unproductive to everyone involved. Lo may not know that but maybe you do. I do not know and it doesn't matter.
I am simply stating that fear, uncertainty and doubt are not part of successful trading and do not fit into the picture when trading is going on.
My alternatives are different and they do not include fear, uncertainty and doubt. Anxiety is not a thing that should be measurable in the space where any person is trading.
This is the psychology forum and the thread is NLP oriented.
My take is that you are dealing with fear, uncertainty and doubt in your life and probably in your trading. It ain't in mine and those I work with do not go there either.
It is to be avoided and moreso it should not be appearing in the space along side what must be in the space.
My view is to put in the space what belongs there and to have well understood what, how, when and why everything in the space is handled.
When monitoring markets, a person goes through handling ever increasing amounts of money and the person makes more and more money as time goes buy. He is fully emotional about it all and is what I call very "comfortable" about the arrangement. It gets to a point where he is running money velocities that are well beyond the life style requirements of any life style imaginable.
So Lo is doing measurements in another setting we both agree. It probably would be informative for him to check out a full range of settings.
My explanations to you are not what you want to hear about because you only have one interest.; you clearly stated it. What would happen do you think if you decided to get rich and get rich in the shortest time possible? You sure as shit wouldn't be working on fear, uncertainty and doubt.
I never work on fear, uncertainty and doubt when I am spending time with anyone. It is not in their interest.
I had a first round with a person last week. He flew in from _____. You can fill in any place in the world. I glanced at his trading business plan which was completed by an accountant according to the outline I use. I noted the equity curve for the last 12 months in the history section.
Day one we made four videos tapes as the market unfolded on the recording. I went as far ahead of the market as 20 bars on his trading fractal. Before the session ended we were slaloming laterals and pulling all that was there less the spread on extreme turn values.
fear.......uncertainty....and doubt ....... were not in the space.
I feel that working with a person on the first day it is important to let that person know exactly what is going to be going on ahead of time before we have to deal with it when each thing comes into the space.
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