The most common psycholgical challenge people encounter when trading

Joab with the visualizing thing- I thought I was the only guy doing this-- but isn't it just wishful thinking? I often see symbols in my head and then I visualize a stockprice I imagine I could see the stock at. This is helpful for me not so much for pinning a price target but for stepping back and realizing when something is over priced.~ stoney
 
Quote from stonedinvestor:

Joab with the visualizing thing- I thought I was the only guy doing this-- but isn't it just wishful thinking? I often see symbols in my head and then I visualize a stockprice I imagine I could see the stock at. This is helpful for me not so much for pinning a price target but for stepping back and realizing when something is over priced.~ stoney
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I don't try and visualize what the chart will do, I just visualize HOW I will react (in the BEST way possible).

Visualize the best case (holding for full profits) then visualize the worst case and (exiting perfectly with small stops).
 
Affirmations are most definetly a part of NLP, if you had studied NLP for 6 years you would know this, you would also be able to control your aggressive behavior. As a fully qualified NLP Master Practitioner i'm would be happy (free of charge of course) to discuss your behavior with you and we could together definetly improve it. NLP is now a part of mainstream business and mainstream psychology, please be nice is in future your life will be greatly enriched by behaving this way.:) I wish you luck in the future.
 
Quote from Joab:

That would be easy because after 6 years of studying with Richard Bandler, I do not believe NLP is a useful tool for much more then phobia's and a few other minor psychological issues.

In my opinion, NLP is nothing more then labeling subjective experience.

It's pundents make great claims but I have yet to see any of their lives being dramatically effected by it's use and I know Hundreds of them personally.

I'm a big believer in daily journals and honest record keeping for a trader to have success, I also like to do some simple visualization drills before the open each day. [/quote

NLP skills can be used to improve your trading. Maybe Joab you are referring to pure NLP but in todays society you must be flexible and use all the life skills you know to give you every advantage when you trade. Emotional control is vital to trading success and NLP techniques such as visualizing, swish pattern and confidence circle can most definetly enhance your trading, I would questions Joab's claim that he has studied NLP with Dr Bandler, EVERYONE BE WARNED is this guy looking for new clients. Daily journals are an excellent idea and i do agree with your other comment regarding visualizing but any one who has trained with Richard, John La Valle or Paul McKenna for 6 years should have a better knowledge of NLP than you sir!
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I'll be honest guys I have no idea what NLP is but I'm loving this thread. The real psychological take on the market has not been written yet. During the internet crash I had a great journal called Off My Lows but I lost it in a move. Wish I could bring some of the thoughts back...
 
nkhoi

Affirmations are useful if used in conjunction with other exercises such visualization, time line exercise's to name a few. I use techniques that may not be what alleged purist's such as MR Joab ( i seriously question his credentials) call pure NLP but i'm in the results business, life's to short to do everything by the book and how we were taught, we live in a society that demands , instant result , good luck nkhoi and great affirmations, have you studied any Robbins material, he's not a pure NLP master prac but he is very effective.
 
You can bring back those thoughts, believe me and it beats have guys with handle bar Mo's hanging around outside you flat, :D
NLP will deliver 5 10" blonde super models to your apartment on a daily basis.
 
Martin,

Let's get Richard and John on the phone on a confrence call shall we. ????

Nice reframe but sorry your lame skills only go to reinforce my point about NLP and it's uselessness.

:cool:
 
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