Lately, though, unless I'm mistaken, it seems to have veered off into textbook/mainstream think.
That much is obvious.
Lately, though, unless I'm mistaken, it seems to have veered off into textbook/mainstream think.
Yes, it is a game as RN once stated.
Yes, they have psychological evaluations prior to becoming an institutional trader or even CEO to determine if they "fit with the team". If they get into the door and something changes down the road for their employees because we all know life does change (bumps in the road)...
That's what HR departments do...they weed out the employees not suitable for the job at these firms via the initial psychological evaluation tests. Then if someone has problems down the road after being hired...they are not fired. Instead, they are given help...probably helps the firms avoid lawsuits too when it comes to firing employees that are no longer able to perform their job obligation.
I think they hire those psychologist and behavior finance specialist to help them get back on track. So yeah, there comes a time when some employees are not doing their job correctly just like there comes a time when some top athletes get into a psychological rut. If that happens, that's why they hire those psychologists that specializes in behavior finance.
Obviously someone managing a top firm or has traders in the market with millions of dollars is not a joke to them nor is it a joke to all the pension plans in the world entrusting them to manage their money, all the investors entrusting them to manage their money and so on.
Better safe than sorry especially when something goes wrong...something always goes wrong (the last big fat finger error in the markets occurred by someone that had a mental breakdown a month earlier...someone that was one of the top performing trader at the firm...a firm that didn't involve itself with employees mental well being).
The issue is not just about the financial markets. Many do the same...top athletes, adoption agencies, schools after a traumatic event involving a student, child custody hearings, military, police, fireman, pilots of commercial airlines and hundreds of other areas in our lives. Seriously, many take this psychological mumbo jumbo stuff very seriously.
Anyways, as stated...we as retail traders...discipline is self-learned...nobody is born with it but most traders have problems with it.
As mentoned, if one is stupid enough to give the idiots ones money, then they deserve what they get, full stop.
Take control of your own finances, get your head outa your arse, and do the required work to get the desired results.
It is not magic, it is pure and simple maths, combined with common sense, and the ability to see that listening to others will only fuck you up, so get down to business, and stop going around the stupid internet acting like a little child!
J_S

Well, I thought that was what this whole thread was about.
Lately, though, unless I'm mistaken, it seems to have veered off into textbook/mainstream think.
You can take that issue up with them and tell some institutional trader, military personal, police, kids being bullied, fireman after pulling dead bodies out of a burned building or top trader performing poorly due to being in the middle of a nasty divorce...shit happens sometimes (that's life) and people hire professionals that specifically deals with that stuff to help them to mentally manage the situation especially when they feel like they have lost a step or two in their job performance regardless to your belief...
Get your head outa your arse, and do the required work to get the desired results.
P.S. Be careful, trading or life doesn't boil down to simple maths. That's what the top performing firms have discovered. Kind'uv tough to argue with them considering they make the most money (billions of dollars) and tough to argue with those in charge of the largest trades in the markets.
Its simple. Those in need at those firms...they get help or find another career. That should be a good thing considering the next time you deposit money at your bank...its safe...right ? (hint: 2008 - 2009 financial crisis, Eurozone ongoing Greece financial crisis where banks told customers how much money they are only allowed to withdrawl or spend)![]()
I disagree with you, as I have dealth with such people, and it was a total waste of time and money.
If you are fucked up in the head, then you must unfuck yourself, and that requires changing what you are doing, exactly the same as when you trade.
Weak minded people will always make mistakes, so make your mind strong, and you do not need anyone else, if you but think it out, which anyone can do, if they but use common sense.
J_S
I'm a stock tard
FB
RN
