Shrinks

[DashRiprock]

like anyone used one for trading?

 

[Pazienza]

Nope. Might try a hypnotist for fear of flying though, I've heard good things.

A shrink might not be a bad idea for trading - after all, it's mainly psychological failures that cause the problems. The shrink might have to have some knowledge of trading though, otherwise he could make the problem worse.

Your signatures get better and better.

 

[DashRiprock]

I've heard of people doin it but dont actually know anyone who has (or at least admits to it).

Yeh tho things like helplessness, feedback mechanisms and stuff, all trading type mind problems. Reason I made thread is because of that teaching thread... I mean a shrink don't need to be a pro trader to help in your trading do they? They need to be a good shrink.

 

[Mr. Charts]

Too much navel gazing tells you more about your navel, not about the world beyond it.
Trading is an objective business and it's one thing getting into the right frame of mind for sports and a whole host of other things where you're interacting with other people, but trading is a little like war (shades of SOCRATES), the more you think about yourself and how you are going to deal with it, the more likely you are to die.
Concentrate on the winning, not the feeling.

 

[DashRiprock]

thats the thing tho int it mr charts... if u are in the wrong frame of mind or dont have the mind skills to get focused then concentrating on the winning can make it less and less likely. And sometimes you need to be told from the outside that thats what your doing eh?

 

[Pazienza]

I've heard of people doin it but dont actually know anyone who has (or at least admits to it).

Yeh tho things like helplessness, feedback mechanisms and stuff, all trading type mind problems. Reason I made thread is because of that teaching thread... I mean a shrink don't need to be a pro trader to help in your trading do they? They need to be a good shrink.

No, but I think that the key to success (for me anyway) is to think the opposite to the way we're naturally programmed to think. So maybe it would help if they understood that mindset.

 

[Pazienza]

thats the thing tho int it mr charts... if u are in the wrong frame of mind or dont have the mind skills to get focused then concentrating on the winning can make it less and less likely. And sometimes you need to be told from the outside that thats what your doing eh?

Are you having problems? Sometimes it just takes a little break from trading to sort it out. Trading with the wrong frame of mind is just chucking money away.

 

[DashRiprock]

no more problems than normal

anyway just if anyone has used one or a sports psychologist then say what happened, I'm interested.

 

[Mr. Charts]

Not sure I agree with that, though I see where you're coming from.
I read everywhere how you've got to be in the right frame of mind to trade, everything's got to be sweet etc. OK, everyone's different in their approach, (no they're not, there can't be that much variation), but personally if I've got a headache or minor pains or aches or not in the mood or other things on my mind or just don't feel like trading, my approach is to think, sod it, I've got a job to do and I just ignore the way I feel and get on with the bloody job; stop thinking about yourself and how you feel, just knuckle down and get on with it. Works for me every single time. And within minutes I'm loving it and feel tons better; in fact I forget what my feelings were before I started.

 

[forker]

You sound like a car salesman

 

[DashRiprock]

You sound like a car salesman

who me?

 

[Atilla]

no more problems than normal

anyway just if anyone has used one or a sports psychologist then say what happened, I'm interested.

I'm a big fan of Paul McKenna.

FWIW - I think it works a treat. If I remember one thing it is...

1. Eat as much as you want
2. When ever you want
3. What ever you want

as long as you remember to

4. Bloody stop eating when you are full...

It works. The CD is great. I fall asleep each and every time. Just don't listen to it in the car.

PS. You can listen to it in the car as long as one is not driving at the same time...

 

[Pazienza]

You sound like a car salesman

Are you talking about Mr Charts?

He looks a bit like one - a proper old-fashioned one, like Arthur Daley:

http://www.trade2win.com/section/authors/350-richard-joyson



PS

Behead Mr Charts!

 

[Pazienza]

I'm a big fan of Paul McKenna.


It works. The CD is great. I fall asleep each and every time. Just don't listen to it in the car.

 

[DashRiprock]

Are you talking about Mr Charts?

He looks a bit like one - a proper old-fashioned one, like Arthur Daley:

http://www.trade2win.com/section/authors/350-richard-joyson



PS

Behead Mr Charts!

And talks like one

You see Dash, day trading US stocks is alot like making love to a beautiful woman.

First, you scan the field, and pick out the vulnerable stocks for the rest of the market. Stocks whos confidence has taken a knock due to some poor earnings or analyst downgrades. When day trading stocks, Dash, you go first and you go fugly.

Then, once a stock has made it onto your watchlist, you look at where it has been. Does it go down easily? What are the volumes and liquidity like? You want to be sure that you can pull out of a stock as quickly as you can get in. Be wary of stocks with such a wide spread that it will cost you just to get a look in without getting our target satisfied.

Next is to pull up the tape and see who else is working an entry right now; you really want to get in just as someone with less stamina else is pulling out. In day trading US stocks, Dash, size matters. Is another trader working a bigger order? Dive in dash, the more the merrier. DP that son of a bitch.

run out of ideas in time for it to be a timely joke. soz.