Traders psychology

This is a discussion on Traders psychology within the Psychology, Risk & Money Management forums, part of the Methods category; My name is Lenny Williams and I am a psychologist specialized in motivation, emotion and attitudes with a variety of ...

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Old Dec 10, 2017, 11:55am   #1
 
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Traders psychology

My name is Lenny Williams and I am a psychologist specialized in motivation, emotion and attitudes with a variety of experience in coaching clients. My previous experiences include guiding poker players in improving their mental game. Since of the similarities between poker and trading regarding dealing with variance, uncertainty and the important role that mental game has in performing I think I can be of value for traders as well. For now I would like to gain experience in helping traders improve their mindset and achieve their goals

I am curious if there would be interest for free trial sessions. I would be able to gain experience and you guys might learn a thing or two as well.

I will be able to guide and offer solutions in the area of my specialisation:

Goal setting
Solving confidence issues Overconfidence and loss of confidence
Controlling Emotions Fear (losing money, missing out possibilities)
Anger (Mistakes, losing money, revengetrading)
Impatience
Greed
Improving discipline

In order to be able to offer solutions we will first identify the cause of the issues in the area that you want to improve. Therefore you will have to fill in a questionnaire before the session. In the next step we will create a step-by-step strategy to fix your mindset.

In case of interest add me on Skype: traderspsychology
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Old Dec 10, 2017, 6:34pm   #2
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Hello,

My wife and I trade as a team. She had some issues with exiting trades prematurely. We went to a sports psychologist and he was able to fix the problem. So I have first hand knowledge that this can be helpful. Good luck.
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Old Dec 11, 2017, 2:57pm   #3
 
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Originally Posted by traderspsychology View Post
My name is Lenny Williams and I am a psychologist specialized in motivation, emotion and attitudes with a variety of experience in coaching clients. My previous experiences include guiding poker players in improving their mental game. Since of the similarities between poker and trading regarding dealing with variance, uncertainty and the important role that mental game has in performing I think I can be of value for traders as well. For now I would like to gain experience in helping traders improve their mindset and achieve their goals

I am curious if there would be interest for free trial sessions. I would be able to gain experience and you guys might learn a thing or two as well.

I will be able to guide and offer solutions in the area of my specialisation:

Goal setting
Solving confidence issues Overconfidence and loss of confidence
Controlling Emotions Fear (losing money, missing out possibilities)
Anger (Mistakes, losing money, revengetrading)
Impatience
Greed
Improving discipline

In order to be able to offer solutions we will first identify the cause of the issues in the area that you want to improve. Therefore you will have to fill in a questionnaire before the session. In the next step we will create a step-by-step strategy to fix your mindset.

In case of interest add me on Skype: traderspsychology
Personally I think trading psychology is way overrated, if you have a solid plan, it will give you all the consistency you'll need... If you don't have one or don't follow it, maybe you should not be trading in the first place and over paying for psychologists and mentors will not help you one bit...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Dec 11, 2017, 5:24pm   #4
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Personally I think trading psychology is way overrated, if you have a solid plan, it will give you all the consistency you'll need... If you don't have one or don't follow it, maybe you should not be trading in the first place and over paying for psychologists and mentors will not help you one bit...
Trading psych would be far less use to you since you are a quant trader who has a specific ridged system. A discretionary trader on the other hand might find more use from one.

Then again... a quant trader with a strategy with 50% or even less win rate who takes good risk:reward trades to make up for the lower success percentage might have some psych issues as a result of the high loss rate. This person might get good value out of a psychologist.

Just my 2c
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Old Dec 11, 2017, 5:29pm   #5
 
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we had a psycho guy here his name was smthg like forumlooser...they run him out of town

he was great
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Old Dec 11, 2017, 5:34pm   #6
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we had a psycho guy here his name was smthg like forumlooser...they run him out of town

he was great
foroom lluzers?

He has a thread right below this one
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Old Dec 11, 2017, 5:37pm   #7
 
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foroom lluzers?

He has a thread right below this one
ME? lol I'm not him, not that smart

ps i actually looked haha
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Old Dec 11, 2017, 5:40pm   #8
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ME? lol I'm not him, not that smart

ps i actually looked haha
Haha, what?

I was asking if that was the guy you were thinking of. Not asking if you are that guy
Then I just stated that his thread was below this one.

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Old Dec 11, 2017, 5:50pm   #9
 
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Haha, what?

I was asking if that was the guy you were thinking of. Not asking if you are that guy
Then I just stated that his thread was below this one.

being kind of a dumb guy, can tell (with reasonable accuracy ie crap detector ) when in the presence of smart. (and,vice versa)
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Old Dec 11, 2017, 6:01pm   #10
 
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Haha, what?

I was asking if that was the guy you were thinking of. Not asking if you are that guy
Then I just stated that his thread was below this one.

of course he wasn't going to hand us the grail. he was playing around the edges, as we all do.

He had some serious shared insight, imo

that he even logged on was remarkable
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Old Dec 11, 2017, 6:33pm   #11
 
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Originally Posted by Nowler View Post
Trading psych would be far less use to you since you are a quant trader who has a specific ridged system. A discretionary trader on the other hand might find more use from one.

Then again... a quant trader with a strategy with 50% or even less win rate who takes good risk:reward trades to make up for the lower success percentage might have some psych issues as a result of the high loss rate. This person might get good value out of a psychologist.

Just my 2c
I'll disagree with you on this one :-)

I have been to a few psychologists offices, and no, I am not that crazy (or maybe I am, but not yet certified), to support friends, family and employees, so maybe I am a bit bias, but every single time the psychologist will find something wrong and will charge $1000s of dollars to "fix" or "improve" - the whole thing is pretty rigged to me...

If someone is looking for a shoulder to cry or pat on the back from time to time, that's what the fiends and family are for, no need to pay a lot of money to strangers...

On the other hand, if someone have a real mental health issue, maybe the better idea is to see a psychiatrist, at least he is a real doctor and maybe trading the markets and other high stress jobs are not a good idea in the first place...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Dec 11, 2017, 6:42pm   #12
 
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run your code, and shut up
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Old Dec 11, 2017, 6:53pm   #13
 
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we are trying to trade here
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Old Dec 11, 2017, 6:54pm   #14
 
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Lol
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Dec 11, 2017, 7:18pm   #15
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Haha
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