The Invisible Hand That Limits Your Trading

Quote from Redneck:

Actions can be instinctive – no though required… or actions can be premeditated – thought out first

Simply because I think it – does not mean I act upon it



How do I change my actions – I simply decide to change my actions – then (and this is the most important part) I do it….

RN
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"Cogito, ergo sum."
 
Quote from Rande Howell:

Squirming may be a better discription. In the head game, it is always about what part of the self is currently controlling the committee of the mind. In moments of perceived pressure without mindfulness and emotional state management, it is easy for a child like fear-based part of the self to hijack the organization of the committee of the mind and produce choking as a consequence. Another term I use is the Inner Critic. That is the voice in your head that predicts negative future. Most CBT types of peak performance teach to shut this part of the self up. I have found it more useful to challenge it from a position of calm authority that also is part of the committee of the mind. It is from this calm authority taking over the committee of the mind that the golfer then executes. Mindfulness is a critical skill to develop so that you become an observer of the forces that lay beneath the hood of the mind. It is managing and observing the mind that you develop the awareness to choose which part of the self is going to grip the golf club.

So you golf and trade? That's interesting.

Rande Howell
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If everyone played golf the world would be a better place.

Tennis is another interesting game where you are trying to master yourself rather than the opponent. and thereby break his/her game.

But golf is in a league of it's own, as is trading.

You and I are more or less on the same page with this thread.
The difference being that you are a neutral observer and I am an active player.
One needs the other from time to time.

In matters of overcoming limitations ......
I discovered many years ago that rather than do the discipline thingy [which can backfire at moments of great stress I might add] I would welcome all parts of my mind and then stamp my authority upon them ALL in the same manner as sports captaincy.
Every corner of my mind is working for my team. This, it appears, drags every little piece of self doubt out into the open where it is overwhelmed and reprogrammed

I view trading as a professional sport.
Not a business but a professional sport.
They are two different things entirely.
 
Rande,

If I may, how many years and how many traders have you worked with and what is your success rate (if I can may the term)?

Thanks.
 
Quote from Rande Howell:

No. I have no passion for trading -- so it would be a mistake. I teach peak performance. My interest in traders is that there is no room for ineffective beliefs. The trading account holds the trader accountable for his beliefs. In other areas of peak performance, there is alot of wiggle room. They have to cut through their denial and face the the self limiting beliefs that drive their trading.

I liken this to a cardiologist. I don't believe he needs to have experienced heart disease to be a good cardiologist. He needs to now how to treat heart disease. As a licensed therapist, I have been working with emotional and mental regulation for years -- though I don't suffer from these conditions. And impulse and fear are rampant in trading.

Rande Howell
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Cardiology is a bad example. How about a sports coach? Would you take tennis lessons from someone who doesn't play?

But I share your lack of passion for trading. It is such a dull endeavor. No excitement whatever.
 
Listening to Pappy was not to be.

It was my youth that caused me to flee.

Now I trade and need a shrink.

He will tell me what to think.

I enter his door, he says don't sink.

I go out, my money gone in a blink.

At least somebody's happy.

But, me, I'm feeling crappy.

Oh why didn't I just listen to dear old Pappy?
 
Quote from Duref Mudgins:

"Cogito, ergo sum."
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Yes precisely, but RN has not reached that level of understanding as yet.

We understand those who are following behind, but it is a stretch to comprehend those in front of us until we open our minds.
 
Quote from Redneck:

Heart disease is physical

You can touch it…, taste it…, smell it…, see it..



Until and unless – you’ve walked in my shoes – I’m doubtful you can fully appreciate what is gong on in my head – at best you’ll get my interpretation of it


We are not our thoughts…. We are our actions... And we create our own reality

RN
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The true path is Mark Douglas. Accepting that you don't, indeed can't, know what is really going on. And ceasing to want to know. And not caring about what is going on. Only trading your system. Doing what it says with complete dispassion. And accepting the outcome the same way. Aaaaaauuuuuuuummmmmmm.
 
Quote from BSAM:

Listening to Pappy was not to be.

It was my youth that caused me to flee.

Now I trade and need a shrink.

He will tell me what to think.

I enter his door, he says don't sink.

I go out, my money gone in a blink.

At least somebody's happy.

But, me, I'm feeling crappy.

Oh why didn't I just listen to dear old Pappy?
More...

Bis! Bis!
 
Quote from jjf:

Yes precisely, but RN has not reached that level of understanding as yet.

We understand those who are following behind, but it is a stretch to comprehend those in front of us until we open our minds.
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IMO NOBODY is out in front of RN. The rest of the pack is sniffing his butt. You want trading counselling? Get it from somebody who trades successfully. Traders become successful when they listen to the market with open ears. And the market provides more forceeful feedback than any coach can, because it bites you in the ass when you are wrong.
 
As Roark so loved AD....

apparently - jjf so now loves me


Amen DM - On not knowing, or needing to know


eta jff if it is any consolation - I'm sitting in a losing position right now - it'll either work or not

RN
 
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