Day Trading & Forex Forum

needabuck

Hey there,

I saw the psychology tab and it looked like some of you may have info that could be useful.

I've been trading stocks and options for the last 15+ years. It has only become an issue in the last 3-6 months through of a fear of losing $$ when I put on a futures trade. I trade (when I do) the minidow YM contracts.

I talked with a local hypnosis place/school, and didn't get very far with them. It seemed like they wanted to train me to become a hypnotist more than they wanted to treat me. I figured that self hypnosis would prolly be best and free or very cheap at that. I was looking at AMZN at some of their MP3 downloads but can't decide if I need to "relax" or if I need to "harness $$/wealth" etc... I'm self employed and business is fine. I trade part time but want to make it more of a full time venture.

Any thoughts or suggestions regarding hypnosis, how it helped, how often you need to revisit the self hypnosis CDs/mp3s etc...

Much thanks!

wheezergeezer

Hi needabuck, I tried hypnosis many years ago, can't say that it changed my life,
one big disadvantage is finding the right person who is good at what they do......that alone could take years and lots of $$$, all to often its about selling you a dvd/cd or book on the subject,
you've been trading for around 15 +years, and the fear of losing has become an issue in the past 3-6 months, its hardly surprising dude, these are exceptional times, good luck with the hypnosis,

minime69

i had hypnosis about 2-3 years ago in London, i enjoyed it and it did make me think about the markets and they way i traded differently. the first session was free and then i had to pay.

if you want i could try and find contact details, and they guy did not try and sell me any books dvd's or anything else.

__________________
If you don't know where you are going, any road will get you there!

A sense of humor is the pole that adds balance to our steps as we walk the tightrope of life!

Every day of your life is a page of your history!

rols

Hi there

If you've been trading for 15 years has anything changed for you personally into considering hypnosis?

If you are experiencing of the big three living changing situations ie Debt, Divorce or Death then those are the issues that need addressing not the trading. Best perhaps to step away until those are resolved.

Otherwise 6 months of unusual market volatility may have thrown you causing a sense of loss of control and there are possible steps to alleviate this.

1. Take a break until the markets settle down.
2. Revise your strategy and never enter a trade without defining risk and reward - precise entry and exit.
3. Reduce position size.
4. Limit your losses by ceasing trading for the day/week after drawdown of X percentage of account.

Good trading.

__________________
The future ain’t what it used to be. Yogi Berra.

wasp

Thats definitely going to cause a few issues for your trading abilities! Although not sure how you'd resolve that one!

theSheik

you're much better off going down the NLP route

longer-term gains and you can control the input

wasp

I'd suggest the 'Chopper' route myself.

shadowninja

Hypnosis can be useful if you can find someone who understands what traders do and what's involved in trading. My speciality is Emotional Freedom Techniques which can be used for all manner of emotional and psychological issues.

__________________


The markets can stay solvent longer than you can stay irrational.


Check out my blog if you're new to trading or skip the advice and obtain fame and riches beyond your wildest dreams the easy way but you might end up a bit like this.