Feedback on draft 'Essentials of Psychology' Sticky Required

This is a discussion on Feedback on draft 'Essentials of Psychology' Sticky Required within the T2W Feedback & Announcements forums, part of the Off the Grid category; Hi all, I've produced a draft for the 'Essentials of Psychology' Sticky which I'd like to get checked before posting ...

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Old Nov 27, 2012, 5:33pm   #1
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Feedback on draft 'Essentials of Psychology' Sticky Required

Hi all,
I've produced a draft for the 'Essentials of Psychology' Sticky which I'd like to get checked before posting it. So, if you're familiar with the various psychological issues associated with trading and the work of Elder, Douglas & Steenbarger etc. - please e-mail me at tim.wilcox@trade2win.com so I can send you the document.
Thanks,
Tim.
(NB: please note that it's not possible to attach files to PMs - hence the need to use e-mail.)
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Please note: I am part of T2W Admin' Staff - I am NOT a Moderator!
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Old Nov 30, 2012, 12:19am   #2
Joined Apr 2011
Re: Feedback on draft 'Essentials of Psychology' Sticky Required

Quote:
Originally Posted by timsk View Post
Hi all,
I've produced a draft for the 'Essentials of Psychology' Sticky which I'd like to get checked before posting it. So, if you're familiar with the various psychological issues associated with trading and the work of Elder, Douglas & Steenbarger etc. - please e-mail me at tim.wilcox@trade2win.com so I can send you the document.
Thanks,
Tim.
(NB: please note that it's not possible to attach files to PMs - hence the need to use e-mail.)
All trading books , non trading shrinks and gurus don't cover issues such as stresses and prepare traders and strains of drawdowns , failed trades . failed systems/methods,failed set up , failed trend , failed trade , losing , ego , instinctive responses etc.There are many descent threads on other forums , that are worth reading .
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Discipline my self to follow only my method , cut my losses fast,admit I am wrong and my mistake ,keep losses small ,never add to a losing position,trade like a pro,there will be other better opportunities .Be nice to everybody , life is short.
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Old Nov 30, 2012, 9:56am   #3
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Re: Feedback on draft 'Essentials of Psychology' Sticky Required

timsk started this thread
Quote:
Originally Posted by 15 min tlb View Post
All trading books , non trading shrinks and gurus don't cover issues such as stresses and prepare traders and strains of drawdowns , failed trades . failed systems/methods,failed set up , failed trend , failed trade , losing , ego , instinctive responses etc.There are many descent threads on other forums , that are worth reading .
Hi 15 min tlb,
If you'd be kind enough to supply the links - I can add them in the Sticky.
Thanks.
Tim.

-------------------------------------------------

Is there anyone else interested in having an input into this Sticky before I post it? If so, wing me your e-mail address and I'll send it to you.
__________________
I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING – Where Do I Start? - a must read for anyone new to TRADING
The Trading Plan Template - a must read for anyone without a proper TRADING PLAN
Please note: I am part of T2W Admin' Staff - I am NOT a Moderator!
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Old Dec 1, 2012, 8:36am   #4
Joined Apr 2011
Re: Feedback on draft 'Essentials of Psychology' Sticky Required

The ego takes over traders mindset , when things are not going well , it makes traders deviate from following their game plan.The same ego applies to trading , and the skill is to learn to accept losses and walk away and only do one trade in the morning session and one in the afternoon session, but your ego wants you to be a winner and carry on.The ego destroys accounts.

Seperating Yourself From Your Ego

https://www.google.co.uk/search?q=sp...=hp&channel=np

http://www.melanietoniaevans.com/articles/ego.htm

Would you stand in front of someone while they were delivering a whole heap of unhealthy, insane, abusive, damaging and disgusting versions of your trading and skills and your damaging your account with losses ?
__________________
Discipline my self to follow only my method , cut my losses fast,admit I am wrong and my mistake ,keep losses small ,never add to a losing position,trade like a pro,there will be other better opportunities .Be nice to everybody , life is short.
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Old Dec 1, 2012, 1:12pm   #5
Joined Apr 2011
Re: Feedback on draft 'Essentials of Psychology' Sticky Required

You can prepare a new trader for trading with technical analysis , price action or another method or system .You can give them a trading plan and free profitable systems , there are many of them out there .

95 % of them fail due to psyche and mindset , 80 % of trading is psyche and 20 % the rest .There should be more training and courses on mindset and psyche and for preparation of adverse market conditions , failed trends , failed set ups , failed anylysis , drawdowns , losses , slippage ,uncertainty , system failure , method failure and other adverse factors .When something fails , it is really the time when most traders fail , when they go live and most traders are not prepared for this .Traders need to know the realities of trading , and experience it , before they go solo.


The thread was closed because it reveals a lot of truth about trading psychology , and is against the financial interests of forum owners.There was no need to close the thread.

Forums - Why do 95 % of traders lose ?
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Discipline my self to follow only my method , cut my losses fast,admit I am wrong and my mistake ,keep losses small ,never add to a losing position,trade like a pro,there will be other better opportunities .Be nice to everybody , life is short.
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