Traders psychology

Nowler

Active member
Sep 13, 2017
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#16
I'll disagree with you on this one :)

I have been to a few psychologists offices, and no, I am not that crazy (or maybe I am, but not yet certified), to support friends, family and employees, so maybe I am a bit bias, but every single time the psychologist will find something wrong and will charge $1000s of dollars to "fix" or "improve" - the whole thing is pretty rigged to me...

If someone is looking for a shoulder to cry or pat on the back from time to time, that's what the fiends and family are for, no need to pay a lot of money to strangers...

On the other hand, if someone have a real mental health issue, maybe the better idea is to see a psychiatrist, at least he is a real doctor and maybe trading the markets and other high stress jobs are not a good idea in the first place...

In my experience, the domain of psychology is vast and varies in levels of validity way too much for me to make call on the type of psychs "your friends" ;) have seen. I would really have to know exactly what sort of psychologist we are talking about. But I can certainly see a use for CBT. The more Rogerian psychs, not so much but could help in a sense of keeping someone on an even keel throughout stress or whatnot... A counsellor who relies upon neurological psychology as part of their tools would also be able to help, in the sense of neuroplasticity/forming more complex neural pathways (see studies on enriched vs impoverished environments on brain growth and cognitive reserve).


I used to get caught up on what psychology can do when studying it (defensive when people said it wasn't science), but really, the advancements in understanding that we have gotten from collaborations of biopsych and neuropsych, even adding a social lens gives such a broader scope to whatever phenomena that's the focus.

Psychology is a tool, just like we use some indicators sometimes and other indicators other times
 

Quantt

Active member
Jul 23, 2017
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#17
In my experience, the domain of psychology is vast and varies in levels of validity way too much for me to make call on the type of psychs "your friends" ;) have seen. I would really have to know exactly what sort of psychologist we are talking about. But I can certainly see a use for CBT. The more Rogerian psychs, not so much but could help in a sense of keeping someone on an even keel throughout stress or whatnot... A counsellor who relies upon neurological psychology as part of their tools would also be able to help, in the sense of neuroplasticity/forming more complex neural pathways (see studies on enriched vs impoverished environments on brain growth and cognitive reserve).


I used to get caught up on what psychology can do when studying it (defensive when people said it wasn't science), but really, the advancements in understanding that we have gotten from collaborations of biopsych and neuropsych, even adding a social lens gives such a broader scope to whatever phenomena that's the focus.
I agree with the last sentence 100% and I won't argue with you about the rest, because:

1st you have studied it a lot and I have not read a single book about it and

2nd I am sure there are a lot of cases where it helps (either because it can or because of the placebo effect),

And here is why I agree with you: more and more I am in the opinion that mental problems are actually caused by physical issues... Same with the chronic diseases, most of them caused by genetics...
 

piphoe

Well-known member
Oct 31, 2015
10,046
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#19
I agree with the last sentence 100% and I won't argue with you about the rest, because:

1st you have studied it a lot and I have not read a single book about it and

2nd I am sure there are a lot of cases where it helps (either because it can or because of the placebo effect),

And here is why I agree with you: more and more I am in the opinion that mental problems are actually caused by physical issues... Same with the chronic diseases, most of them caused by genetics...
i'm not sure where your algo is short??
 

piphoe

Well-known member
Oct 31, 2015
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#20
and he wont say lol

i wish i had as almost free time
 

Quantt

Active member
Jul 23, 2017
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#21
I am actually ignoring piphoe in this thread, because he is acting a bit strange: posting, editing, deleting, not sure where he wants to go in the end :)
 
Likes: Nowler

Nowler

Active member
Sep 13, 2017
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#22
.. more and more I am in the opinion that mental problems are actually caused by physical issues... Same with the chronic diseases, most of them caused by genetics...

A negative mind can cause chemical and hormonal changes which breakdown tissue. This negative mind could be because of a wide range of factors though...socioeconomical/physical etc....then we could play the chicken or the egg game to see which one caused what and what's a result of the other... :confused:


Your personality can determine your life expectancy :)
 

Quantt

Active member
Jul 23, 2017
945
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#23
A negative mind can cause chemical and hormonal changes which breakdown tissue. This negative mind could be because of a wide range of factors though...socioeconomical/physical etc....then we could play the chicken or the egg game to see which one caused what and what's a result of the other... :confused:


Your personality can determine your life expectancy :)
Mind over matter, I like that!
 

Nowler

Active member
Sep 13, 2017
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#24
Mind over matter, I like that!

To go even deeper down the rabbit hole... diet can be just as influential as the rest.
Your neurons are covered in a insulation called the myelin sheath. This quality is determined largely by the fats you eat. The better the fats, the better the insulation, the crappier the fats (trans for example) the crappier the insulation. Just like an electrical wire, it's insulation is vital. If the insulation isn't enough, then the signal doesn't travel optimally, or even get to it's intended destination at all. I believe MS patients were supplemented with high dose of EPA & DHA (fish/omega oils) and noticeable improvements to their condition were observed.

Just to dig even deeper again, when fasting your body actually goes through a state called autophagy which essentially recycles the old cells and damaged cells of the body (different cells depending on the length of fasting). This has amazing implications because now your body is rid of a degree of waste or improperly functioning cells (could turn cancerous) and gives room to build stronger, healthier cells...all this has implications to our psychology also.
 

Brumby

Well-known member
May 25, 2012
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#25
Is this thread about trader's psychology or neuroscience?

There are very specific trade psychologies traders typically have to deal with in some shape or form. For example, separating emotions from your trade decisions is a problem that we all had experienced. How do you deal with it? Personally, the only technique I find having some practical usefulness is using cognitive defusion techniques.

I would like to hear what techniques others are using.
 
Sep 8, 2015
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#26
I've never heard about this technique... Could you, please, tell me more about it? I often have problems with trading on forex because of emotions.