Psychology... the poll

This is a discussion on Psychology... the poll within the Psychology, Risk & Money Management forums, part of the Methods category; Originally Posted by rog1111 The question is "Does psychology have a strong influence on your success or failure in trading?" ...

View Poll Results: Does psychology matter in trading?
Yes, without it, you are doomed to failure. 113 87.60%
No, it is overhyped. 16 12.40%
Voters: 129. You may not vote on this poll

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Old Mar 22, 2008, 11:31am   #25
Joined Feb 2007
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Originally Posted by rog1111 View Post
The question is "Does psychology have a strong influence on your success or failure in trading?"

Yes, on the basis that your thoughts become reality (and not just in trading).

rog1111

Yes, also, is breathing while you are trading more important than psychology? Without breathing while you are trading you will die, and this could cause problems.
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Old Mar 22, 2008, 12:05pm   #26
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Psychology is overhyped.
That's probably why all psychology students at University are treated as jokes or wasters.

Quite rightly so in my opinion.
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Old Mar 22, 2008, 12:29pm   #27
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Originally Posted by yacarob1 View Post
That's probably why all psychology students at University are treated as jokes or wasters.

Quite rightly so in my opinion.
Psychology teaches you how to deal with people. You don't have to take it up as a profession. I would not say it is a joke because I have a nephew who, after graduating, did charity work on the phone, saved up enough to go around the world, came back to London and started a business, is married, 2 kids, a house in Chiswick, a Cayenne and seems to me to be on holiday at great places (Christmas in NZ), this year he's been to NY, Andorra and this Easter he's in Barcelona.

If your kid wants to study to be one, don't put him off. I repeat, it's good training for dealing with people in business.
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Old Mar 22, 2008, 1:04pm   #28
Joined Jul 2006
Thought that would provoke a comment.

However, I do beg your pardon.

I have just realised it was Sociology to which I was referring.

Probaby get a few Social Workers after me now.



Last edited by yacarob1; Mar 22, 2008 at 1:18pm.
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Old Mar 22, 2008, 4:37pm   #29
 
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Originally Posted by Paul71 View Post
Psychology is overhyped. People love the word psychology, especially on chat forums, especially newbies to trading.

Why?

Because psychology is supposed to hold the answers to their shortfalls and mistakes....'crack my psychology and the money will roll in'...he he he.

Rubbish.

Concentration and screen time is what you need. I even think the word 'discipline' is a slightly misused and misunderstood word.

Anyway, the soup kitchen is closing now, ta ta.


" Psychology is overhyped " - Yea..??

Then what caused the NR queue recently to get BIGGER - AND - BIGGER...??

was that not an example of " MASS PSYCHOLOGY " at its finest..????
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Old Mar 22, 2008, 4:41pm   #30
 
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Originally Posted by yacarob1 View Post
Thought that would provoke a comment.

However, I do beg your pardon.

I have just realised it was Sociology to which I was referring.

Probaby get a few Social Workers after me now.


Sociology has long been spawning degrees in "Underwater Basket Weaving".
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Old Mar 22, 2008, 4:41pm   #31
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Having read the comments on this thread I now have a better psychological, if not sociological, grasp of why so many aspiring traders fail miserably.
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Old Mar 22, 2008, 6:57pm   #32
Joined Jun 2006
If not pathological.

Grant.
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