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; Originally Posted by gerryg Are you talking about cognitive distortions? Yeah its definitely a point to pay attention to. Especially ...

Reply
 
LinkBack Thread Tools Search this Thread
Old May 13, 2017, 4:31pm   #33
Joined Apr 2017
foroom lluzers started this thread
Quote:
Originally Posted by gerryg View Post
Are you talking about cognitive distortions? Yeah its definitely a point to pay attention to. Especially bayesian trap (incorrect calculation of a probability of premises that lead to an outcome which odds are also inaccurately calculated)
An example of a mind trap is

You know the direction , in this case you go long , but the price keeps breaking down against you several times , before it heads higher .In this case the market has become mixed , intially it moves forward then goes to your tight stops ,maybe later overnight it moves in your intended direction.Your thinking is telling you to buy , but the market is hurting your current judgement on direction.

In the mean time our automatic mind is fast at work continually calibrating the movements of our hands on the mouse , it starts reacting to these movements. You become stressed as a result of this market behaviour , the automatic mind catches the stress response , it starts defending your account balance subconciously .The only way it does it is , it closes positions that go negative to reduce your losses , and starts going short to make you profit .All this happens subconciously , the automatic mind is doing it for you automatically i.e opening positions ,closing them ,reacting to losses .This all happens fast without your concious awareness.

This is a mind caught in a mind trap.

It happens to real traders .
foroom lluzers is offline   Reply With Quote
Old May 17, 2017, 8:01am   #34
Joined Apr 2017
foroom lluzers started this thread Here is Piphoe caught in a mind trap trades.This example is Just to show how traders can be caught out with subconcious execution errors.

http://www.trade2win.com/boards/gene...ml#post2906430
foroom lluzers is offline   Reply With Quote
Old May 30, 2017, 11:14am   #35
Joined Apr 2017
foroom lluzers started this thread If traders suffer from adhd they can be caught up in mind traps

http://www.nhs.uk/Conditions/Attenti.../Symptoms.aspx
foroom lluzers is offline   Reply With Quote
Old May 31, 2017, 10:05am   #36
Joined Apr 2017
foroom lluzers started this thread
foroom lluzers is offline   Reply With Quote
Old Jun 2, 2017, 10:10am   #37
Joined Apr 2017
foroom lluzers started this thread Autonomic nervous system

https://en.wikipedia.org/wiki/Autonomic_nervous_system

"I have full control over my actions". Not all actions are results of our conscious decisions. Most of our actions are results of what I call "Mental Reflex Actions" on which we have little control.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2440575/
foroom lluzers is offline   Reply With Quote
Old Jun 2, 2017, 10:29am   #38
Joined Apr 2017
foroom lluzers started this thread here

http://socrates.berkeley.edu/~kihlstrm/
Attached Files
File Type: pdf Cognition, unconscious processes.pdf (227.5 KB, 19 views)
foroom lluzers is offline   Reply With Quote
Old Jun 8, 2017, 1:21pm   #39
Joined Apr 2017
foroom lluzers started this thread
foroom lluzers is offline   Reply With Quote
Old Jul 1, 2017, 8:12am   #40
Joined Apr 2017
foroom lluzers started this thread
foroom lluzers is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
For Sale: Trading Mind Mental/Emotional Training for Traders Hypnosis CD-Rom jon1971 For Sale & Wanted 1 Aug 11, 2012 12:52am
Music to still the traders mind prior to trading spinola General Trading Chat 10 Dec 3, 2010 11:36pm
Master your trading Mind Traps oildaytrader General Trading Chat 8 Oct 11, 2010 1:10pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)