Trading Psychology

[nielsend]

Even newer research (by myself) has concluded that a different factor is the most important to any trader.

Forget about systems, money management or psychology. My research has shown that breathing is 100% responsible for successful trading.

Does George Soros hold his breath when he takes a position? If you have ever watched Larry Williams trade live, you will notice that he breathes in air CONTINUOUSLY. Not for a moment did he stop breathing. He would not stop when he was looking at his charts, placing orders or setting stops - because these activities are all secondary to breathing.

Breathing is the most important factor in trading. Without air coming into your lungs, you will die in a matter of minutes. You will not be able to develop trading systems, execute the plan or will yourself to victory. Dead traders will never be successful traders.

So send me $6K now and I will teach you how to breath your way to trading success.

(Next week, I will show you why your ability to click your mouse accurately is THE MOST IMPORTANT factor to trading successfully).

lol

 

[Gringotts Bank]

I think it's pretty disrespectful to bag something you obviously know nothing about.

It reminds me of all the self-appointed experts on the climate change thread. Lots of big talk on both sides of the argument, yet I bet none of them has studied even the basics of climatology.

Just in case anyone is actually interested, subconscious processes are identified through emotions. It's been well established that the subconscious can process much greater amounts of data, and identify trends far more rapidly and accurately* than the conscious mind. So you can use emotions to make (or assist with) judgements such as in trading. If you want more than that, too bad. You should have been a bit more open minded.

*there are a few exceptions that have been recorded experimentally.

 

[Ruby]

Psychology can be extremely beneficial in a lot of cases, but there comes a time, with trading and with life in general, that you have to stop talking about it and get on with it. You can theorise about something forever, but it doesn't produce the goods.

While good discipline and a positive attitude are important, you still won't make any money unless you have a strategy that works and you practise it consistently, which is what the experienced traders on this forum have been saying.

I think a trading coach would only be useful if he could give me some practical solutions and tools I could use every day in my trading which would guarantee me successful trades.

 

[nielsend]

Would like to thank everyone for their input into this thread, it’s been the most entertaining thread I've read for a while. Didn't learn anything from a psychological point of view, but hey what the hell it was good reading, and had a few laughs along the way.

Well there you go, I did gain a psychological advantage, the thread was amusing to the point it made me laugh. Now that’s gotta be a ‘winnah’!

 

[IFocus]

Would like to thank everyone for their input into this thread, it’s been the most entertaining thread I've read for a while. Didn't learn anything from a psychological point of view, but hey what the hell it was good reading, and had a few laughs along the way.

Well there you go, I did gain a psychological advantage, the thread was amusing to the point it made me laugh. Now that’s gotta be a ‘winnah’!

Personal experience is I studied trading psychology relentlessly for 5 to 6 years in fact I still read any thing that looks interesting.

I learned a lot about the whys of behavior etc which I find fascinating but facts are I would attribute the % of success of my trading to the study of psychology at being fairly low although I sure it had some sort of impact.

As others here have already stated finding a system or method that has a edge understanding when and why it works and testing it to death is IMHO is the holy grail of having any chance of some sort of success in the markets.

To succeed in this game you do actually have to change to some degree your behavior or your behavioral response to input.

By doing the above for an extended period you can go through or gain the exposure to help develop the correct behaviors.

Even after this it no certainty that you will succeed

Hope this helps

 

[impishbynature]

Hi Guys

Long time lurker, not holding any great trading positions or systems, but just like to make a comment based on my experience of living with and interacting with psychologist for 10 years (always interesting as I am an electrical engineer and seem to think a lot differently).

1) Perception is the process by which people interpret the information provided by their senses (stimuli).

2) People take actions based on these interpretations (and personal history etc etc).

3) Often people perceive the same external stimuli in a different manner.

4) Sometimes groups of people perceive the same external stimuli in a very similar manner, or behave as though they do (Rumor, Madness and the Fear of Crowds).

Perception is everything, related to behavior, but it is a personal thing and that personal thing is what I see as psychology.

When it comes to trading there are things you can't control (eg the market) and things you can.

One of the things you can control is your own behavior (up to a point), so I think psychology probably does have an important part to play in the outcome of your own trading, but there are still many factors outside of your control or understanding - the human brain has a finite capacity for information and processing it.

Not arguing for or against the thread here, just making observations.

 

[Trembling Hand]

Shame Steve Arthur never put up any points or backed up his oh so cheap $6000 per year wisdom/coaching/whatever he was offering with any...... well........ anything really.

I see he has also de-linked his website from his profile.

Cannot blame him I guess as its not really the best advertisement for his sparkly new website and business.

http://www.mytradingcoach.com.au/

Oh hope that will not show up in a google search