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Is Trading Psychology a Hoax?
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Is Trading Psychology a Hoax?

  #81 (permalink)
Market Wizard
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plethora View Post
I am asking a third time which teachers you would recommend? If you don't want to post it here, could I trouble you to email me.

Thank you, Matt "The Source" Z.

I will email you with pleasure. I choose not to put it here because there have been threads that have been started by competitors who are bored out of their mind with the purpose of drawing negativity. They ask a question about a vendor, everyone says it's a scam, they they disappear never to say any other word. goal achieved.
Please don't reply with the icons of laugh and sarcasm. This is very serious to me.
Like I said, if you email with I will respond when I have the time with a list.

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  #82 (permalink)
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mattz View Post
I will email you with pleasure. I choose not to put it here because there have been threads that have been started by competitors who are bored out of their mind with the purpose of drawing negativity. They ask a question about a vendor, everyone says it's a scam, they they disappear never to say any other word. goal achieved.
Please don't reply with the icons of laugh and sarcasm. This is very serious to me.
Like I said, if you email with I will respond when I have the time with a list.

And if any such post was made on futures.io (formerly BMT), I hope that you reported it, because I take it very seriously and always look very closely when someone is either praising or complaining about any paid service to make sure it is a legit user and honest feedback.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #83 (permalink)
Market Wizard
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Big Mike View Post
And if any such post was made on futures.io (formerly BMT), I hope that you reported it, because I take it very seriously and always look very closely when someone is either praising or complaining about any paid service to make sure it is a legit user and honest feedback.

Mike

100% I will. Not to cause drama on the site, I PM or email you so you can make the decision.
But, these "shills in reverse" are smart the way they go about it, first they pretend to interact, share their "trading journey" etc, and then boom...the "What do you guys think....I have my doubt about XYZ...."
and no posts after. So everyone looks at what he posted before, but not after, so the thread stays.

I know it is VERY hard as a moderator to monitor all, and so far you did an awesome job.
Yet, keep in mind that futures.io (formerly BMT) is so deeply rooted with Google, competitors know if they mention
their competition in bad light it will show up. Sadly, they already know how to "stir" the futures.io (formerly BMT) crowd towards their goals.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #84 (permalink)
Site Administrator
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mattz View Post
100% I will. Not to cause drama on the site, I PM or email you so you can make the decision.
But, these "shills in reverse" are smart the way they go about it, first they pretend to interact, share their "trading journey" etc, and then boom...the "What do you guys think....I have my doubt about XYZ...."
and no posts after. So everyone looks at what he posted before, but not after, so the thread stays.

I know it is VERY hard as a moderator to monitor all, and so far you did an awesome job.
Yet, keep in mind that futures.io (formerly BMT) is so deeply rooted with Google, competitors know if they mention
their competition in bad light it will show up. Sadly, they already know how to "stir" the futures.io (formerly BMT) crowd towards their goals.

Yes, I am well aware of tactics used. I'm also aware of how many such users I have banned, not just 'educators' but other brokers as well for such tactics.

The point I was making was that it is safe to post on futures.io (formerly BMT).

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #85 (permalink)
Market Wizard
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Big Mike View Post
Yes, I am well aware of tactics used. I'm also aware of how many such users I have banned, not just 'educators' but other brokers as well for such tactics.

The point I was making was that it is safe to post on futures.io (formerly BMT).

Mike

Like I said, you did a great job considering the size of site and # of posts.
Mike, the fact that I am here on this site for years and choose to interact amongst people who I consider civil is a testament of your efforts. I have been in this business for many years and never interacted to the same degree as here because of the loose code of humanity applied on other forums.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #86 (permalink)
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mattz View Post
Asking if psychology plays a role in trading, is like asking whether psychology plays a role in success.
Of curse it does, because without determination, sweat and sacrifice you get nowhere.

But, in the trading world "psychology" has become the blame game, the bastard child, the whipping lash and the S&M session that we all have go through while reclining our heads with shame when someone says you says "hey, you trading sucks, you need to work on your psychology".

I went through buying highs, selling lows, panicking, getting excited and so did YOU.
But, I assure you that we all don't have the same psychological issue.

What helped me over time is understanding market structure, how buyers and sellers interact, why new highs brings more highs, and above all when not to trade.
I have learned from selected few who were great in teaching me market structure, volume and pattern recognition while the psychology books came after.

The industry of educators, mentors, and all the vendors, etc caught wind of the fact that everyone makes the same errors and isn't it just "genius" to point out the obvious? Trading is a business where if you know 2% more than your friend, you are considered a wunder kid. I have made here a webinar a while back about "psychology" but I had no intention of sounding like a clinical psychologist or pick on anyone, it was merely my experience with customers with the best attempt to help. A series of psychology topics came after in webinars which for the most part were good, except for one where he ripped everyone for pieces and called everyone undisciplined and greedy. Thank you, Thank you very much (read as Elvis would) and now what?

The bottom line is that you can turn psychology into a hoax, or make it part of your trading experience in the right place in the right time.

Like @tigertrader said it's 5% successful if that...which means that most of the one who you consider successful are not...they are just good in lecturing you.



in my not so humble opinion - trading is 5 - 7% skills... 93 - 95% psychology

(The nut behind the mouse is always 100% accountable... and responsible)

I don't cotton to vendors much - possibly you are different - i truly don't know

RN

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  #87 (permalink)
Market Wizard
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Redneck View Post
in my not so humble opinion - trading is 5 - 7% skills... 93 - 95% psychology

(The nut behind the mouse is always 100% accountable... and responsible)

I don't cotton to vendors much - possibly you are different - i truly don't know

RN

So entry, exit, method is 5%, but if you are real really disciplined @ 95% level, then it will work. got it.

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The following user says Thank You to mattz for this post:
 
  #88 (permalink)
Trading Apprentice
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Quoting 
...the demons of fear and greed.

have done well for the human species for the last two hundred thousand years relative to other species.



Quoting 
Ask again, why someone who has all the answers about how to run a successful trading "business" would spend time with a bunch of "failures" know it all not good for trading, for $300 an hour where he can potentially make many times more just having a trading "business."

Well, someone may be better at coaching than trading, they don't want to take on the financial risk in trading relative to coaching, they enjoy helping others more than trading, they trade and coach others, etc.

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  #89 (permalink)
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mattz View Post
got it.


Obviously not

RN

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  #90 (permalink)
Market Wizard
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Redneck View Post
Obviously not

RN

You win.

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