The day to day psychology of a trader
- Thread starter smallStops
- Start date
very much welcomed.
Tomoshibata book is actually very good : just started reading it.
And a must I'll say for psy coaches like yourself.
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Continueing for these 3 months, the "idolatry" study.
List of possible examples of "idolatry":
*titles
*education
*physical attributes ( physic, plastics)
*money
*material stuff
*social aspects
*power
*self-pride
One aspect is to be able to determine the "idol".
It looks like someone into "hired mouth" could not help it.
So here we go:
* one is adopting a girl: all the papers have been arranged.
* a very jealous guy, does not want her to wear any skirts or dresses,
just trousers
* well done : wedding in 3 months time, the parents offering a house as a present
* one man fell madly in love with her from a photo and they are hoping for happily for ever after
* apparently his ex was with him for the money, and when he was away, her ex would
bring men in for some high quality actions.
* lately on guy drank himself to drunkness, then went to beat into hospital a guy
who accused one dulcine of sleeping around. he got reassured in an environment that cautions stalking, "hired mouth" - aka hiding, aka lies. Nice. All about healthy situations.
How all these relationships , based on "power & abuse based psychology" are going to finish?
suspense!!LOL
So here we go:
* one is adopting a girl: all the papers have been arranged.
* a very jealous guy, does not want her to wear any skirts or dresses,
just trousers
* well done : wedding in 3 months time, the parents offering a house as a present
* one man fell madly in love with her from a photo and they are hoping for happily for ever after
* apparently his ex was with him for the money, and when he was away, her ex would
bring men in for some high quality actions.
* lately on guy drank himself to drunkness, then went to beat into hospital a guy
who accused one dulcine of sleeping around. he got reassured in an environment that cautions stalking, "hired mouth" - aka hiding, aka lies. Nice. All about healthy situations.
How all these relationships , based on "power & abuse based psychology" are going to finish?
suspense!!LOL
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The exercise is : look to each of the announcements, determine the
psychological/spiritual flaws and determine how Karma might show up.
Luckily, the "idolatry" exercises are there : these allow to answer the questions
more easily.
psychological/spiritual flaws and determine how Karma might show up.
Luckily, the "idolatry" exercises are there : these allow to answer the questions
more easily.
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Follow up on : how do these same psychological/spiritual flaws show up in trading? 
talks about some of the idolatries I am learning about.
Will sure add it to my "must read" list.
So far I am at the first few chapters only!
What I find astonishing so far in this book is how things build up from some silly situations -
here a student who get enamoured with the author and the author never had any contacts
with the person, then as things build up, some serious harassment and responses
build up to a disastrous situation - that any law court (here also "motional upset") could have sorted out very quickly with no negative consequences for all the parties involved ( it would have been interesting for the stalkers
to find out about the full context first).
But then, human beings can sometimes be so full of "idolatry" that being humble enough to
just put a complaint for "emotional upset" is too much.
==> Exactly the same as in trading : monster losses build up from some silly losing trades that are not closed early enough. But then again, human beings can be so full of "idolatry" ( I am God, I can never be wrong), that being humble to just take an early tiny loss is too much.
==> Or again : monster losses that build up from "idolatry" of self-pride:
I am "God" in trading, this trade is 100% guarranteed right, let me UPPPP
the sizes to well above maximum leverage.
What I find astonishing so far in this book is how things build up from some silly situations -
here a student who get enamoured with the author and the author never had any contacts
with the person, then as things build up, some serious harassment and responses
build up to a disastrous situation - that any law court (here also "motional upset") could have sorted out very quickly with no negative consequences for all the parties involved ( it would have been interesting for the stalkers
to find out about the full context first).
But then, human beings can sometimes be so full of "idolatry" that being humble enough to
just put a complaint for "emotional upset" is too much.
==> Exactly the same as in trading : monster losses build up from some silly losing trades that are not closed early enough. But then again, human beings can be so full of "idolatry" ( I am God, I can never be wrong), that being humble to just take an early tiny loss is too much.
==> Or again : monster losses that build up from "idolatry" of self-pride:
I am "God" in trading, this trade is 100% guarranteed right, let me UPPPP
the sizes to well above maximum leverage.
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Here's what typically happens: Traders with insufficient capital see the possibility of trading very short term charts with huge amounts of margin for big money and quick safe exits. And so, apply a trade management system that will accomplish one of the goals which is to get out quickly. It doesn't end up making much money though due to the satisfaction of that very goal.