Trading psychology digging deeper

June 18th, 2016, 03:06 PM

This thread is to post thoughts on others (educators) ideas about trading psychology.

Ideas you thought

were particularly good
questioned the validity of

Your ideas on little keys to help each other - tips, tricks and ideas you are exploring.

June 18th, 2016, 03:08 PM

One educator suggest this question:

"Am I acting in my own best interests right now?" - especially right before entering the trade.
A menaker

For some reason I don't connect with this phrasing.

Other peoples suggestions of a pre-trade question?

June 18th, 2016, 03:12 PM

While this trade help me achieve my goals?
what is the financial outcome of this trade?
Is this the right time to take a trade?
Am I in the right state to take a trade?

June 18th, 2016, 03:26 PM

TraderFeed: There Is No Such Thing As Trading Psychology

I agree with this article.
Undisciplined person is most likely undisciplined trader.

June 18th, 2016, 04:50 PM

lemons

TraderFeed: There Is No Such Thing As Trading Psychology

I agree with this article.
Undisciplined person is most likely undisciplined trader.

Saying 'there is no such thing as trading psychology' is tantamount to saying 'there is no such thing as behavioural finance'

June 18th, 2016, 05:18 PM

xplorer

Saying 'there is no such thing as trading psychology' is tantamount to saying 'there is no such thing as behavioural finance'

I still agree with this : There is only psychology; we cannot sustain patterns in our trading if we do not live and reinforce them in our daily lives.

In trading you need discipline.
In healthy dieting you need discipline.
Quitting smoking you need discipline.
For exercise you need discipline.

To keep emotions in check, to keep going despite of constant failures,
facing problems head on and not bury head under the sand and hope they go away.

I think that same kind of psychology is needed.

June 19th, 2016, 04:34 PM

lemons

TraderFeed: There Is No Such Thing As Trading Psychology

I agree with this article.
Undisciplined person is most likely undisciplined trader.

The article has:

"The values and emotional/behavioral patterns that we enact in our trading inevitably reflect those we live outside of our trading. "

The statement doesn't appear incorrect to me - but simply not very relevant - and creating a straw man to tear it down. I have never heard of our trading psychology as divorce from our our "other" psychology.

I used the term in the title who only as a short form of "our psychology and its impacts on our trading" - which seemed rather long for a title.

Certainly we bring ourselves into the trading room - including our beliefs, attitudes our habits. How could we not?
The more relevant question is identifying those parts of ourselves that are hampering our trading success.

June 20th, 2016, 07:47 AM

Something I've recently started to do.. When thinking about taking a trade I'll ask myself if I'd be happy to take this trade 100 times. If my answer is yes, I just take it and don't worry about the rest.

This has helped me pull the trigger when I believe I'm seeing a high probability opportunity.

June 20th, 2016, 01:06 PM

Portland

Something I've recently started to do.. When thinking about taking a trade I'll ask myself if I'd be happy to take this trade 100 times. If my answer is yes, I just take it and don't worry about the rest.

This has helped me pull the trigger when I believe I'm seeing a high probability opportunity.

Sounds like an excellent tip. Thank-you.

Trading psychology digging deeper

Discussion in Psychology and Money Management

Trading psychology digging deeper