Is that a book you'd recommend, @schizo?
I'm interested in picking up a book or two in this genre to see if I can find any value from it.
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Have you had benefits from psychological work in your trading?
- Thread starter Laissez Faire
- Start date
Is that a book you'd recommend, @schizo?
I'm interested in picking up a book or two in this genre to see if I can find any value from it.
you will only find value where it truly lies, and that's less likely to be in a book. but there is one. Pick up Shull's Market Mind Games and give it a go. shouldn't take you long, you're by all measures a pretty smart person. it's obviously an intro for the rest of her work, but she's THE leader in performance psych for a reason. a lot of reasons actually.
I could post so much more but better to let the expert do the talking.
I could post so much more but better to let the expert do the talking.
you will only find value where it truly lies, and that's less likely to be in a book. but there is one. Pick up Shull's Market Mind Games and give it a go. shouldn't take you long, you're by all measures a pretty smart person. it's obviously an intro for the rest of her work, but she's THE leader in performance psych for a reason. a lot of reasons actually.
I could post so much more but better to let the expert do the talking.
Looks pretty good. Thanks for the recommendation. I'll check it out.
if you're unaware of Denise Shull, she was the real-life inspiration for Wendy's character in Billions. I don't think the BDSM applies, but I'm not privy to that lmao. Denise was(/is?) in litigation with the creators of the show after they allegedly stiffed her on payment or something like that.
regardless, she's the real deal.
regardless, she's the real deal.
%%An excerpt from "The 21 Irrefutable Truths of Trading: A Trader's Guide to Developing a Mind to Win"
One of the many beliefs held by novice traders is that the market can be predicted once it is understood—so they have a feeling of certainty. This is why you as a trader must become aware of the power of your beliefs and change them so that they serve you.
There are four types of beliefs that people possess. The first type is an opinion. We link low levels of energy to our opinions, and we’re relatively certain that we are right—but we’re not absolutely certain. When we have an opinion we will discuss its validity without getting overly upset. The second type of belief is what we normally call a belief. We link low to medium levels of emotional intensity to most of our beliefs. Unlike an opinion, we are absolutely certain that a given belief is valid, and we’re closeminded about its validity. If someone challenges our belief and/or its validity, we tend to get upset. The third type of belief is a conviction. A conviction has a high level of emotional intensity linked to it. We are absolutely certain that our conviction is correct, and if our conviction is questioned we immediately get angry and defensive. The fourth type of belief is a rule. We use rules to determine if the virtues, vices, and emotional feelings that we value most are being met. We link a lot of emotional intensity to our rules. We are absolutely certain that they are valid, and we become upset if they are questioned. The important thing to remember about beliefs is that they can either empower or disempower our lives.
Exactly;
T Basso of TrendStat said if your beliefs don't prove useful= change them.
Dr van Tharp, i dont know what he charged for his counsel?
Lucy in Peanuts charged $00.25; maybe a bit more Canadian /LOL.
But also you have to watch out for market changes\
Dr van Tharp mentioned a 1000 round or 1000 yard shooting match + winners. now the brass sells for much more ...........................................................