mind traps affecting traders

This is a discussion on mind traps affecting traders within the Psychology, Risk & Money Management forums, part of the Methods category; Daytrading Mind Traps MIND TRAPS: The fatal mistake of hanging on too long or cutting profits Being impulsive Winning excitement ...

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Old Apr 23, 2017, 9:08pm   #16
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foroom lluzers started this thread Daytrading Mind Traps

MIND TRAPS: The fatal mistake of hanging on too long or cutting profits

Being impulsive

Winning excitement

Diluting losses by buying more shares

Not setting take profit point and stop loss for the bucket shops

Rumors and uninformed analyses

Failure to analyze losing trades

Taking trades that don’t fit your system’s criteria.

Over-trading
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Old Apr 23, 2017, 9:13pm   #17
 
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all these you outline require a serious strategy implicit or explicit to overcome, not a mindset.
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Old Apr 23, 2017, 10:19pm   #18
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Originally Posted by piphoe View Post
all these you outline require a serious strategy implicit or explicit to overcome, not a mindset.
All the intelligent posters/psychologists on forums ,know it all

The real pychology doctors are on youtube and the net .

If I ever want any quality , I search on google for top trading psychologist.Here even the forum owner is a trading psychologist.
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Old Apr 23, 2017, 10:31pm   #19
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all these you outline require a serious strategy implicit or explicit to overcome, not a mindset.
It is not mindset then it must be someting else??????????????
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Old Apr 23, 2017, 10:52pm   #20
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Originally Posted by piphoe View Post
all these you outline require a serious strategy implicit or explicit to overcome, not a mindset.
http://www.trade2win.com/boards/firs...ml#post2894080

There is the holy grail
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Old Apr 24, 2017, 6:51am   #21
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foroom lluzers started this thread More mind traps for screen based traders .

http://www.trade2win.com/boards/educ...e-reality.html



Traders are like monkeys , they suffer from the MONKEY BIAS, THEY DO MONKEY BUSINESS ON LIVE ACCOUNTS


Like this?

Humans are very clever and we get clever , when it is not in our interests .When given a highly profitable system , we second guess systems , because we are smart and smarter than the creator of the system.We are like monkeys and do monkey business on live accounts .It is called self sabotage.




We are curious and try new things , inventions and do the same in trading.
We get too clever for our own good in trading ,like these monkeys.

[url]https://
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Old Apr 24, 2017, 9:26am   #22
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foroom lluzers started this thread https://hbr.org/2006/01/decisions-and-desire

https://www.google.co.uk/webhp?sourc...al+brain+money

Your Brain Does Really Weird Stuff When It Thinks About Money , the brain behaves very unpredictably , when executing trades.

search on google videos with words emotions and money
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Old Apr 26, 2017, 7:52am   #23
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foroom lluzers started this thread My mind will make an instantaneous decision. One minute, I'm talking to a friend; next minute, I'd place a bet on. Something will trigger me and the next thing you know, I'm gambling. I'm into online sports gambling, cfd trading and the casino, shifting from one to the other depending on my mood at the time. I'm in great pain right now because I have lost a lot of money.

It's no secret the world of gambling requires just as much skills with a deck of cards as it does mind tricks.But what exactly makes gamblers' brains tick?

https://www.gamblingtherapy.org/en/p...lusion-control

https://www.google.co.uk/search?q=mi...ps+of+gamblers
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Old Apr 26, 2017, 9:06am   #24
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foroom lluzers started this thread Thanks to millions of years of evolution, we are highly intelligent biological organisms, but when it comes to making financial decisions, we can be unduly influenced by ancient brain skills, such as hair trigger responses to perceived fear.In financial realms, Formal stock and bond trading markets came to be a mere four centuries ago.All of which means that, when it comes to money, your brain has had a lot of catching up to do in a very short time

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Old Apr 26, 2017, 9:22am   #25
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foroom lluzers started this thread Stress Facts
What is Stress?
Stress is an automatic reaction to danger or demand. It is your body's reaction to some challenging
situation that prepares you for action with a "fight or flight" response. Stress hormones - adrenalin,
noradrenalin, and cortisol - are pumping out, which makes your blood pressure and heart rate increase
and your muscles tighten. Some level of stress can be good in the short-term, especially in emergency
situations. It can serve as an incentive or motivator.
Types of Stress
Acute: Immediate stress usually related to a one-time event that comes and goes quickly.
Effects can last from minutes to hours, days or weeks.
Chronic: Long-term and caused by a series of stressful events or an ongoing situation.
Causes of Stress
External Factors:
• Environmental: noise, bright lights, heat, confined spaces
• Social: rudeness, bossiness, aggressiveness by someone else
• Organizational: rules, regulations, "red tape," deadlines
• Major Life Events: deaths, losses, new responsibilities, changes
• Daily Hassles: tight budget, computer glitches, car breakdowns
Internal Factors:
 Lifestyle Choices: caffeine, limited sleep, overloaded schedule
 Negative Self-talk: self-doubt & criticism, pessimism, overthinking
 Mind Traps: unrealistic expectations, personalizing things, rigid thinking, exaggerating, allor-nothing
thinking
 Personality Traits: perfectionist, workaholic, pleaser
Symptoms of Stress
Physical: fatigue, headaches, insomnia, muscle aches/stiffness, heart palpitations, chest pains,
abdominal cramps, nausea, trembling, sweating
Mental: decreased concentration and memory, indecisiveness, mind racing or going blank,
confusion, loss of sense of humor
Emotional: anxiety, nervousness, depression, anger, frustration, worry, fear, irritability,
impatience, short temper
Behavioral: pacing, fidgeting, nail-biting, foot-tapping, increased eating, smoking, drinking,
crying, yelling, swearing, blaming, and throwing things
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Old Apr 27, 2017, 1:00pm   #26
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foroom lluzers started this thread Human mind traps are the same , if applied to trading or any other activity.There are thinking errors between you trading profitability and actual trades based on thinking erorrs.Human thinking traps are the same for every other acivity.

search on google for " thinking errors "

you tube video called "Cognition: How Your Mind Can Amaze and Betray You - Crash Course Psychology #15 "



more mind traps here :

http://www.trade2win.com/boards/educ...ml#post2895796
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Old Apr 28, 2017, 5:52am   #27
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foroom lluzers started this thread Faster emotional brain is active in live trading , it blocks rational brain , sometimes they are conflicting in trading , when trying to control emotions

Trading is stressful mental activity , it arouses emotions and stress responses , Your emotional brain is faster than your rational , it calls all the shots in live trading.

Our emotions have helped us immeasurably over the course of human evolution. Emotional responses are milliseconds faster than cognitive (thinking) responses; the lightning-fast reactions that bypass the rational brain centers were often survival responses for our distant ancestors. The limbic brain sends us the warning of a crisis before the rational brain can even process the incoming signal: the body has been alerted and is ready to act on our behalf.

http://www.hrdpress.com/site/html/in...tems/SBEI.html
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Old May 2, 2017, 7:02am   #29
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foroom lluzers started this thread Mind traps caused by beliefs , thoughts , fear and mistakes.

http://www.trade2win.com/articles/16...r-inner-trader

http://www.trade2win.com/boards/educ...g-traders.html
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Old May 12, 2017, 8:21am   #30
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foroom lluzers started this thread http://www.trade2win.com/boards/psyc...ml#post2902760


Paying more attention to the present moment – to your own thoughts and feelings, and to the world around you – can improve your mental wellbeing.It's easy to stop noticing the world around us. It's also easy to lose touch with the way our bodies are feeling and to end up living 'in our heads' – caught up in our thoughts without stopping to notice how those thoughts are driving our emotions and behaviour.
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