The day to day psychology of a trader

smallStops said:
Db suggested to make fi of the psychological issue, by focussing on the market.
Marketsurfer is suggesting to imagine one is on a simulation.

I really have to find out why God created the human mind as it is.
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There's no contradiction here as few simtraders trade sim emotionally. If they do, then imagining that one is on sim isn't going to help.
 
smallStops said:
How does it make you feel to see these traders being blocked in their progress because of their own psychogical/spiritual issues?
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Doesn't make me feel anything. But then I have a Ph.D. in psychology. One learns to maintain objectivity.
 
dbphoenix said:
There's no contradiction here as few simtraders trade sim emotionally. If they do, then imagining that one is on sim isn't going to help.
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That's one F'd up person to get emotional on a simulator. PLEASE keep this person away from the financial markets--- it's a disaster waiting to happen. surf
 
marketsurfer said:
Much of its due to "wealth wounds". Money has damaged many people , particullarly those attracted to trading, from a young age. Parents always struggling, talking bad about rich people, etc.

Unles you view your account the same as a simulation you will likely lose money This is why traders often do well on simulators and fail in the market.
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Agree with you Surf, but it still looks to me that prior to doing well on simulator one better have a real edge, which is the hardest part.
 
marketsurfer said:
That's one F'd up person to get emotional on a simulator. PLEASE keep this person away from the financial markets--- it's a disaster waiting to happen. surf
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I have to agree with you here, that what this person needs is not a trusted plan,
BUT some serious psychological AND spiritual work.
The person should not be discouraged, but courageously work on himself:
he should realise he is lucky to have met trating, as now he can really work on himself
sort all his issues and move to a much better place long term.
 
marketsurfer said:
That's one F'd up person to get emotional on a simulator. PLEASE keep this person away from the financial markets--- it's a disaster waiting to happen. surf
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There's some reason in DB's words I think. Truly responsible person sure would get emotional when testing things on realistic simulator, because it effectively shows the "edge" or "no edge" outcome of experiment.
 
And while working on himself psychologically AND spiritually, the person might want to continue on the simulator with a trading coach practicing over and over again the same method and approach.

It looks like my "psy" shop will benefit some people. But then,
I am finishing this book, then correcting it, etc... then seminars,
then I am travelling, then I am checking some start-ups I am pushing...
This thread is keeping it clearly : get the "psy" shop opened!!!!
 
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