Once you learn how to trade, the way to maximize you returns is to learn when you have achieved excess returns based upon your trading style, and then exit your positions when you have hit those returns. It's akin to deciding when to countertrade you trading strategy. I have made a ton of money trading my P&L, everytime I have failed to do so, I have regretted it.
Radical Constructivism
- Thread starter Babak
- Start date
Quote from Cheese:
One accepts that each one of us is in his or her own cerebral compartment. Far from creating your own reality, it is the only one you have and there is no escape from it. The point here is how can your material advantage (a la trading) be best increased by relating to the "objective reality" around you?
In short, any visualization, while it may assist your motivation temporarily or longer, will have no effect without the necessary tools, such as the knowledge and capabilities, to achieve your goals and imagined success.
Every religious concept teaches "objective reality" is an illusion. Is it a stupid non-sense impossible to understand?? How about "time" being relative, it sounds like a stupid non-sense as well and yet it is reality.
Interesting thread. Darkhorse's posts are worth rereading.
Babak, you wrote your brother is a hypnotherapist, I'd like to ask how can you tell a good hypnotherapist from a bad one?
P.S.I don't really understand people who say that psychology is overrated, especially in trading. Trading is a business where you do not have to do anything physically (comparing to almost anything else), it is cheap to get into (again comparing it to anything else) and yet 99 percent of people cannot do it. What is it if not psychology???
P.S.I don't really understand people who say that psychology is overrated, especially in trading. Trading is a business where you do not have to do anything physically (comparing to almost anything else), it is cheap to get into (again comparing it to anything else) and yet 99 percent of people cannot do it. What is it if not psychology???
Darkhorse
For time reasons I didn't mention that most people are unable to overcome the first block to trading success (to actually know what trading is all about). Then we can talk psychology.
I guess you are one of few who have natural talent for trading.
Satisfied, smartass?
P.S. I don't actually post too often to avoid this kind of BS.
For time reasons I didn't mention that most people are unable to overcome the first block to trading success (to actually know what trading is all about). Then we can talk psychology.
I guess you are one of few who have natural talent for trading.
Satisfied, smartass?
P.S. I don't actually post too often to avoid this kind of BS.
Having "good psychology" and a "positive mental attitude" is meaningless, and potentially dangerous, without the requisite trading skills. Trading psychology only becomes relevant and important when you know what you are doing.
You would do well to reread darkhorse's posts in this thread.