DionysusToast
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It has come to the attention of the medical community that a number of ‘traders’ are suffering from ‘Dissociative Market Syndrome’. The main symptoms are a complete and intentional disconnection from the market they are trading and a tendency to replace the market with a graphical representation of price movements, also known as a ‘chart’.
This syndrome can be both present from birth as a trader or it can develop over time, rather like an invisible common sense tumor. Sufferers of this syndrome tend to forget that the chart represents past activity in a market but is not the market itself. Many sufferers also have selective deafness, when it comes to certain words that would have them consider the market as an entity that lives outside the 2 dimensions of their chart.
Common words/phrases that cannot be processed by sufferers are:
- Derivative
- Option
- Barrier Option
- Intervention
- Arbitrage
- Expiration
- Hedge
- Upgrade/Downgrade
Sufferers also have a Tourette’s like tendency to repeat certain terminology and in severe cases will actually build a fantasy world where a set of life rules is put in place and worshipped in a religious manner. Some of the words that sufferers will be seen to repeat are:
- Candlestick
- Timeframe
- Automate
- Backtest
- Confluence
- Trend line
- Oversold
- Overbrought
- Probability
There are no known medications that will cure this disease, although therapy is available. Therapy will be used to bring the sufferer as humanly close to a living, breathing marketplace without the necessity of a flight to New York or London.
Treatment is not gradual; rather it will cause the user to snap out of the state of mind immediately. The following items should be prepared in order to carry out the treatment.
- A quiet room
- Internet Connection
- Trading software
- Headphones
The trading software should be set up so that ONLY the following things can be seen. Note that we will be using the e-mini S&P for treatment purposes.
- Order book (DOM)
- 2 Time and Sales. One showing all trades, one showing trades > 50 contracts.
- A view that shows total number of contracts traded at each level
- No charts
- No buttons to place trades
- Browers all blocked
In addition to this, a 3 day trial at http://www.tradersaudio.com shall be set up. The full S&P500 squawk option (with commentary) shall be selected.
Prior to the treatment session, remind the subject that 5000 contracts = $62,500 a tick. 10,000 contracts = $125,000 a tick. 50,000 contracts = $625,000 a tick.
Sit the subject in the treatment room at 9:25am EST with a nice cup of tea. Connect the headphones and have the subject ready for the 9:30am EST kick off. When the market opens, have the subject watch the best bid and offer price as well as the volume of contracts going through at those prices.
There will be an initial period of shock and awe. This will eventually fade and within 30-40 minutes, the clear sound of a penny dropping will be heard, this is often accompanied with the phrase “f*ck me, this thing is a f*cking casino”. At that point, treatment will be over but it may be that the patient will refuse to hand back the treatment equipment until around midday EST. This is normal and a forced ejection should not be considered.
This syndrome can be both present from birth as a trader or it can develop over time, rather like an invisible common sense tumor. Sufferers of this syndrome tend to forget that the chart represents past activity in a market but is not the market itself. Many sufferers also have selective deafness, when it comes to certain words that would have them consider the market as an entity that lives outside the 2 dimensions of their chart.
Common words/phrases that cannot be processed by sufferers are:
- Derivative
- Option
- Barrier Option
- Intervention
- Arbitrage
- Expiration
- Hedge
- Upgrade/Downgrade
Sufferers also have a Tourette’s like tendency to repeat certain terminology and in severe cases will actually build a fantasy world where a set of life rules is put in place and worshipped in a religious manner. Some of the words that sufferers will be seen to repeat are:
- Candlestick
- Timeframe
- Automate
- Backtest
- Confluence
- Trend line
- Oversold
- Overbrought
- Probability
There are no known medications that will cure this disease, although therapy is available. Therapy will be used to bring the sufferer as humanly close to a living, breathing marketplace without the necessity of a flight to New York or London.
Treatment is not gradual; rather it will cause the user to snap out of the state of mind immediately. The following items should be prepared in order to carry out the treatment.
- A quiet room
- Internet Connection
- Trading software
- Headphones
The trading software should be set up so that ONLY the following things can be seen. Note that we will be using the e-mini S&P for treatment purposes.
- Order book (DOM)
- 2 Time and Sales. One showing all trades, one showing trades > 50 contracts.
- A view that shows total number of contracts traded at each level
- No charts
- No buttons to place trades
- Browers all blocked
In addition to this, a 3 day trial at http://www.tradersaudio.com shall be set up. The full S&P500 squawk option (with commentary) shall be selected.
Prior to the treatment session, remind the subject that 5000 contracts = $62,500 a tick. 10,000 contracts = $125,000 a tick. 50,000 contracts = $625,000 a tick.
Sit the subject in the treatment room at 9:25am EST with a nice cup of tea. Connect the headphones and have the subject ready for the 9:30am EST kick off. When the market opens, have the subject watch the best bid and offer price as well as the volume of contracts going through at those prices.
There will be an initial period of shock and awe. This will eventually fade and within 30-40 minutes, the clear sound of a penny dropping will be heard, this is often accompanied with the phrase “f*ck me, this thing is a f*cking casino”. At that point, treatment will be over but it may be that the patient will refuse to hand back the treatment equipment until around midday EST. This is normal and a forced ejection should not be considered.
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