Can anyone reflect on taking college psychology or behavioral finance for trading?

Quote from Cutten:

Can you remember which person it was? Kind of a slog to re-read the whole book to find it ;)
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Chapter 7 - The Treasurer
Dr. John Porter

I think another one had similar ideas, but I just finished that chapter and it triggered my questions.
 
I took a psychology class in college. About the only thing I remember is that the instructor had nice tits.



I wonder what Freud would say about that?
 
Thanks for the link, Bootsie. I actually have that one bookmarked and on my to read list when I have time, but I'll subscribe to it and keep with it.
 
Quote from Cutten:


IMO the best degree course for macro trading is philosophy - especially logic, philosophy of science, and the empiricists.
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I'm a philosophy major.

Understanding logic and the various logical fallacies helps with trading, and approaching life in general, because it helps to know the distinction between calm rational thought and emotional foolishness (a very fine line in trading I might add).

But the empiricists screw up logic, science, mathematics, common sense, (philosophy in general) because of their skepticism. If they were alive today, they would probably screw up trading philosophy too. :p

Although it's great to wear the Hume hat once in a while to destroy people's various assumptions, I try and take that hat off when I sit down and try to calmly interpret my data while trading.
 
Quote from stefan_777:

I'm a philosophy major.

Understanding logic and the various logical fallacies helps with trading, and approaching life in general.

But the empircists screw up logic, science, mathematics, common sense, and philosophy in general because of skepticism. If they were alive today, they would probably screw up trading philosophy too. :p
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Wasn't skepticism part of becoming a successful trader?
Or empiricist who are skeptical = being a screw up?

Isn't that a typical profile of a guru in ET?
 
The kind of skepticism that makes you doubt you're even sitting at a computer, making trades.

Let alone, the trading decisions you make could be based on nothing but illusions of perception.

No good if you're looking to trust yourself. In the long-run, if it's all just a joke, we might as well go down to the casino instead, they serve drinks there :)
 
Quote from stefan_777:

The kind of skepticism that makes you doubt you're even sitting at a computer, making trades.

Let alone, the trading decisions you make could be based on nothing but illusions of perception.

No good if you're looking to trust yourself.
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Gotcha. Agreed.
 
Quote from Stosh:

Whatever helps to "know thyself". College psychology shows you some tools in that regard. In my case, learning from bad mistakes was necessary......but they say smart people learn from the mistakes of others. Most people make the same mistakes over and over. Stosh
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i don't agree with that. In case of trading, you have to make mistakes to learn from them. no can spoon feed you and say " go, make your millions now". you have to go through some struggle to learn.
 
Quote from ggoyal:

i don't agree with that. In case of trading, you have to make mistakes to learn from them. no can spoon feed you and say " go, make your millions now". you have to go through some struggle to learn.
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I think he's suggesting that it will give you tools to identify the problem when you make that mistake.

I don't agree, I think psychology is BS. But I think that's what he meant.
 
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