The day to day psychology of a trader

I have zero qualifications in psychology: pure scientists as one can make them.

There was a time when I started trading, I basically nearly complained we had
"psychology" sessions as part of the trader training.
Now, I am big believer in "psy" and "spirituality" for traders.
 
Now, the questions I would ask about the trader without a trading approach :

* why is that?
psychology / spirituality

Is that because the person wants to gamble, but sees trading more
acceptable socially than saying "I am a gambler"?
Is it from greed ?
Is it from get-rich-quick mentality?
Is it because the person knows it is the surest way to lose money?
What are the core motivations for trading?

These are few examples where psy/spirituality come into effects
at the trading approach phase.
 
Trading and therapy : Trading will just refects the trader's subconscious mind.
Work on the subconscious mind to improve the trader's performance.
This is what I have learned to do.
 
Just now, for instance, by working on this book, I get to reveal aspects of my subconcious
mind I was not aware of.
So these aspects being revealed, I can now work on them, as I know these aspects
of my subconcious mind will affect other areas of my life ( including trading).

The subconscious mind is absolutely a marvelous creation.
 
dbphoenix said:
Sorry to disappoint, but my Master's isn't in psychology and I'm not a certified counselor. But beyond that, I've found psychological counseling to be largely a waste of time when it comes to trading. I've rarely encountered a struggling/failing trader who had a trading plan. The focus, therefore, is not to resolve "emotional issues" per se but to put together a plan. If the plan is thoroughly tested and consistently profitable, the emotional issues evaporate, at least if the trader has the discipline to follow it, but this as well comes in time.

If one is trying to prove to his father that he's not such a loser after all or if one is trying to compensate for those years in which the bullies on the bus took his lunch money every day or if one has an addictive personality of one sort or another, then therapy is called for. But trading isn't therapy. Putting the cart before the horse just postpones the inevitable reckoning.

You may succeed where others have failed. But remember that Van Tharp was a complete washout as a trader.
More...

My experience is the following:

if one has a robust edge, psychological issues are of secondary importance. People rarely handle equity swings poorly if they know their system is OK. That's not just trading. Equity swings are normal in any business and there's a reason not many counselors make a living by helping businessmen cope with periods of better or worse performance. :)

From the other side, help definitely needed for many people who have expectations out of sync with reality and fall prey to addiction etc.
 
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:rolleyes::rolleyes::rolleyes:
Only today, after 5 years, am I receiving threats of legal actions. :):):)
PLEASE BRING IT ON!!!!!! :p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p

Legal actions for "emotional upset" is absolutely fine: you will thus
have the opportunity to explain clearly what is it that has been
bothering you for FIVE years!!!! lol

Yes, they do not mind if one lives in a fiscal paradise: on the contrary,
that will bring more interests for the public.

Just in passing: https://www.psychologytoday.com/blog/the-therapist-is-in/201103/10-steps-letting-go-resentment

And please print it out and bring it to a counsellor so as to moan :
"bitcha gona bitch".
 
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