Essentials Of Trading Psychology

This is a discussion on Essentials Of Trading Psychology within the Psychology, Risk & Money Management forums, part of the Methods category; Originally Posted by Phylo "See What You Made Me Do," "Why Don't You — Yes But," and "Ain't It Awful" ...

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Old Dec 23, 2016, 2:32pm   #9
 
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Originally Posted by Phylo View Post

"See What You Made Me Do," "Why Don't You — Yes But," and "Ain't It Awful" as a way of briefly describing each game. In reality, the "winner" of a mind game is the person that returns to the Adult ego-state first.
Not exactly. The winner of the game is the individual who initiated the game and who realizes the payoff. He loses if he is unable to persuade anyone else to play. The inability to find players is uncommon due to the facts that (a) most people don't even know that a game is being played and (b) a large portion of the population, if not a majority, function in a Child state (this has been made exceptionally clear during these election seasons).

See also "Poor Little Old Me".
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Old Dec 23, 2016, 5:46pm   #10
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Originally Posted by dbphoenix View Post
Not exactly. The winner of the game is the individual who initiated the game and who realizes the payoff. He loses if he is unable to persuade anyone else to play. The inability to find players is uncommon due to the facts that (a) most people don't even know that a game is being played and (b) a large portion of the population, if not a majority, function in a Child state (this has been made exceptionally clear during these election seasons).

See also "Poor Little Old Me".
“The crickets felt it was their duty to warn everybody that summertime cannot last for ever. Even on the most beautiful days in the whole year - the days when summer is changing into autumn - the crickets spread the rumour of sadness and change.”
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Old Dec 31, 2016, 4:53am   #11
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One of posters must be trading education buyer...
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Old Mar 14, 2017, 7:46pm   #12
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Great post. I like it.

Forex Psychology: Always think risk before reward
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Old Mar 14, 2017, 8:14pm   #13
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1. Plan your trades
2. Apply stop loss & target points
3. Calculate expected return

Traders should know about when to plan & enter or exit market even before they execute it. If the trader is using stop loss effectively, he can minimise the risk of loss and thus is confident about his strategy and affordability to lose. Trader needs to make a battle plan before hand so that he is sure that he has won the war already!
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Old Jun 17, 2017, 2:05pm   #14
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Originally Posted by T2W Bot View Post
Listed below are some great resources that you’ll find in the Psychology forum, elsewhere on T2W and beyond . . .

T2W THREADS
Psychology... the poll by shadowninja
In this thread members discuss their beliefs about psychological issues and whether or not it affects their trading and, if it does, in what way.
The Perils of Prediction by barjon
This thread discusses the trader’s need to be right and the role of one’s ego in attempting to predict market direction.
Trading Psychology by bbmac
This thread looks at the four main fears that stop traders from performing to their full potential.

T2W ARTICLES
Psychology (Traderpedia)
This article appears in the old Traderpedia section of T2W and makes particular reference to the work of Mark Douglas, a very highly regarded author of several books on trader psychology.
Psychology (Articles)
The second psychology link is to the section within the library of T2W Articles devoted to trading psychology. Check them out! Articles worthy of special mention are any by Brett N. Steenbarger who is a very well respected trader, author, coach and psychologist. Listed below are a couple of other articles that have generated some interesting discussions from members. The titles speak for themselves.
Why Don’t we Keep Stops by Vadym Graifer
Trading Psychology from a 9 Year Old by Lance Beggs

Trading Plan Template by Tim Wilcox
If you’re unclear about what a trading plan is or how to go about creating one, this article should be of help.

EXTERNAL LINKS
TraderFeed
This is Brett N. Steenbarger’s blog that contains a wealth of information and insight. A must read!
The Importance Of Trading Psychology And Discipline
A useful Investopedia article with lots of links for additional research.

Found a good thread, Article or website that you think other members would like? Post a link to this Sticky - or PM it to timsk - and we'll add it here.
This thread has some more links to psychology threads.Good article with loads of leads , just use them wisely and learn more by comparing with similar views on google search.This will help increase psychology knowledge.There is more to it.

http://www.trade2win.com/boards/psyc...ent-forum.html
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Old Aug 2, 2017, 12:07pm   #15
 
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The importance of psychology in trading is impossible to overestimate. If a person is upset, or on the contrary is too happy, it can result in the wrong trading decisions or to a deposit drain all together.
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Old Aug 2, 2017, 2:16pm   #16
 
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One might make the same observation regarding the importance of psychology in marriage, or business, or child-rearing, or driving, or grocery-shopping. There's nothing particularly important about psychology in trading per se. What is impossible to overestimate is the importance of a trading plan. If it's sound, and the trader follows it, whether he's upset or happy or sad is beside the point.
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