Trading Psychology

This is a discussion on Trading Psychology within the Psychology, Risk & Money Management forums, part of the Methods category; Just search on google with the following words "blind spot in the eye emotions cognitive biases hippocampus shutdown " . ...

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Old Apr 14, 2017, 11:54am   #106
Joined Apr 2017
Just search on google with the following words "blind spot in the eye emotions cognitive biases hippocampus shutdown " .

https://www.google.co.uk/webhp?sourc...ampus+shutdown

Screen watching traders often trade their cognitive biases , put on trades based on their biases , instead of following their systems.

This adds to a negative edge for scalpers ,days traders and short tem traders.They find it difficult to
process day trading information.The swing traders can avoid this negative edge

https://www.google.co.uk/webhp?sourc...of+day+traders

Search on google for" success rate of day traders".
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Old Apr 14, 2017, 3:58pm   #107
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Search on google for "How to master your brain during stress responses "In a stress response , your brain shuts down , during trading activity , you are prone to trading errors and losses.

Three Skills that Help You Master Your Brain’s Response to Stress

1. Mindfulness
2. Cognitive Flexibility
3. Bringing in the Positive

Search google for mindfullness

https://www.google.co.uk/webhp?sourc...videos&tbm=vid
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Old Apr 14, 2017, 4:05pm   #108
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An Amygdala Hijack is an immediate and overwhelming emotional response out of proportion to the stimulus because it has triggered a more significant emotional threat. The amygdala is the part of our brain that handles emotions. During an Amygdala Hijack, the amygdala "hijacks" or shuts down the neo-cortex.

The prefrontal cortext holds the circuitry we need for abstract thought. It allows us to concentrate on the task at hand while storing useful information in temporary storage for later on. It also prevents you from performing inappropriate actions and is basically the command centre for the brain.


Search on google for "amygdala+hijack" or "neocortex shutdown"
https://www.google.co.uk/webhp?sourc...mygdala+hijack

https://www.google.co.uk/webhp?sourc...ortex+shutdown
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Thanks! The following members like this post: piphoe
Old Apr 14, 2017, 8:04pm   #109
 
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Quote:
Originally Posted by foroom lluzers View Post
An Amygdala Hijack is an immediate and overwhelming emotional response out of proportion to the stimulus because it has triggered a more significant emotional threat. The amygdala is the part of our brain that handles emotions. During an Amygdala Hijack, the amygdala "hijacks" or shuts down the neo-cortex.

The prefrontal cortext holds the circuitry we need for abstract thought. It allows us to concentrate on the task at hand while storing useful information in temporary storage for later on. It also prevents you from performing inappropriate actions and is basically the command centre for the brain.


Search on google for "amygdala+hijack" or "neocortex shutdown"
https://www.google.co.uk/webhp?sourc...mygdala+hijack

https://www.google.co.uk/webhp?sourc...ortex+shutdown
He's right. Like the way he put it.
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Old Apr 16, 2017, 6:45am   #111
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http://www.trade2win.com/boards/gene...ml#post2893658

http://www.trade2win.com/boards/psyc...ml#post2893734

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Originally Posted by piphoe View Post
you got to put the time in.

must be willing to stare at a monitor for very long times.
Trading is mentally very exhausting , you can not watch screen effectively for more than 6 hours.When you are tired ,you are prone to errors like pilots who mess up

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

https://www.google.co.uk/webhp?sourc...=pilot+fatigue

https://www.google.co.uk/webhp?sourc...atigue&tbm=vid
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Old Apr 16, 2017, 7:08am   #112
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Raised levels of the hormones testosterone and cortisol can make traders take more risks, which could create instability in financial markets, a study suggests.
Researchers said stressful and competitive working environments could be increasing hormone levels and having an impact on decision-making.
Volunteers played a stock market game while hormones levels were measured.
Experts said it was important to know how hormones affected traders.
Both cortisol and testosterone occur naturally in the body. Levels of cortisol increase when we experience psychological or physical stress. This causes the blood sugar levels to rise and prepares the body for a "fight or flight" response.

http://www.bbc.co.uk/news/health-33363948
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Old Apr 16, 2017, 7:13am   #113
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http://www.bbc.co.uk/news/business-19849147

'Gekko syndrome'
So why do banks recruit these gamblers in the first place?
"What I have observed is a big emphasis in banks on technical competence - high cognitive ability or IQ," says Mr Curnier.
"When it comes to EQ [Emotional Quotient], my sense is that people are not spending a lot of time focusing on that."
Michael Douglas
Image caption
Does the "high roller" image of Gordon Gekko attract the wrong kind of candidate?
EQ is a measure of individuals' ability to manage their emotions and their relations with others, developed by psychologist Daniel Goleman.
Mr Curnier says many traders suffer from "Gekko syndrome", like the "greed is good" anti-hero of the film Wall Street.
They lack self-awareness - the ability to understand their own emotions and how they affect others.
The aggressive, risk-taking, boundary-pushing, "high-roller" image of the trader tends to attract exactly that kind of applicant.

http://www.bbc.co.uk/news/business-19849147
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Old Apr 16, 2017, 3:55pm   #114
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A few videos by Dr Steenbarger on youtube called:Trading Coach Shares Views on Three Common Problems for Tra

Nice article on internet by Dr Steenbarger called "A Dozen Thoughts on Trading Stress and Emotion"
Attached Files
File Type: doc Remapping the Mind.doc (54.5 KB, 129 views)
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Old Dec 31, 2017, 2:53pm   #115
 
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I recommend this article about trading education and psychology of trading:
https://tradinglab.tech/en/books/psy...eenbarger.html
This is a review of Brett Steenbarger's book “Enhancing Trader Performance. Proven Strategies from the Cutting Edge of Trading Psychology”
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Old Jan 29, 2018, 4:58am   #116
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Above posts are very informative. I look forward these kind of post in future too
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Old Feb 7, 2018, 8:17pm   #117
 
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I agree with the point that many people lack self-understanding and many really fail to notice a very important factor - emotions.
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Old Feb 9, 2018, 10:36am   #118
 
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I agree with the point that many people lack self-understanding and many really fail to notice a very important factor - emotions.
Definitely. The problem is, when you're angry or stressed, you often don't realise it.
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Old Mar 2, 2018, 9:38am   #119
 
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I've read in one book that when you trade you need to put emotions aside, but it's not that easy because we're all human beings and emotions're our natural thing.
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