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Trading Psychology and How The Mind Works (IV)
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Trading Psychology and How The Mind Works (IV)

  #121 (permalink)
Brisbane Queensland Australia
 
 
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CrudeDude View Post
I’m back to studying trading in the zone by Mark Douglas. Inside and outside, backwards and forwards. Going through chapter by chapter and studying each paragraph making notes, highlighting, and underlining. Developing a winning attitude is the key to success. According to chapter 3 it’s all about winning attitude and very little analytical skill is needed


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Analytical Skill is #1 , Douglas books are a waste of trees imo , each to their own , Method based on empirically proven , statistically significant evidence is where its at , without probability you have nothing . RULES


Last edited by Ozquant; July 12th, 2019 at 02:44 AM. Reason: typo
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  #122 (permalink)
Hong Kong
 
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CrudeDude View Post
... ...Once I get my mind right, unlimited financial resources will be readily available to me.
... ...Developing a winning attitude is the key to success. According to chapter 3 it’s all about winning attitude and very little analytical skill is needed[/url]

I guess you might also find the Law of Attraction useful too, right?

Dream on. Without the necessary trading skills you will never, ever succeed and fulfill your dreams. Period.

Trading psychology is important, but only after learning how to trade. Make good money on the simulator first, while learning how to manage your emotions, and then trade live - continuing your emotion management training!

You may have years (decades?) of internal mind programming to undo in order to succeed. Not gonna happen through a winning attitude alone.

Wake up my friend and stop wasting your valuable time.

Richard
Hong Kong
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  #123 (permalink)
Phoenix Arizona
 
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Ozquant View Post
Analytical Skill is #1 , Douglas books are a waste of trees imo , each to their own , Method based on empirically proven , statistically significant evidence is where its at , without probability you have nothing . RULES



It is amazing that you guys get so hung up on words like “analytical”. Rules and probability is exactly what Douglas teachers are the primary sources of developing a winning attitude. You put the cart before the horse when all you care about is methodology. Maybe you don’t have a problem with emotions and maybe you’re making tens of thousands of dollars per day. More power to you, I’m happy for you. Keep doing what you’re doing but don’t bother trying to tell me that analytics is the key to success. Because it is not. Never have been never will be.


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  #124 (permalink)
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RichardHK View Post
I guess you might also find the Law of Attraction useful too, right?



Dream on. Without the necessary trading skills you will never, ever succeed and fulfill your dreams. Period.



Trading psychology is important, but only after learning how to trade. Make good money on the simulator first, while learning how to manage your emotions, and then trade live - continuing your emotion management training!



You may have years (decades?) of internal mind programming to undo in order to succeed. Not gonna happen through a winning attitude alone.



Wake up my friend and stop wasting your valuable time.



You sound like a rude and ignorant person Rick. If your emotions and beliefs and attitudes are all out of whack, how can you trade your way into success with a great methodology??? Why would someone want to get the methodology right first, instead of those emotional issues? Sounds like you’re just trying to mislead and trap people into an approach that will never work.

Oh and by the way, it does not take years to undo emotional issues, and wrong believes, and negative attitudes if you know the CORRECT approach for changing them. It does take time, and effort, and energy but not years of losing trades like yours. You may enjoy being a total loser, but some people have figured out the correct approach to becoming a successful consistent winner.

The first step of course, would be NOT listening to people like you.

Thank you, and have a nice day


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  #125 (permalink)
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CrudeDude View Post
It is amazing that you guys get so hung up on words like “analytical”. Rules and probability is exactly what Douglas teachers are the primary sources of developing a winning attitude. You put the cart before the horse when all you care about is methodology. Maybe you don’t have a problem with emotions and maybe you’re making tens of thousands of dollars per day. More power to you, I’m happy for you. Keep doing what you’re doing but don’t bother trying to tell me that analytics is the key to success. Because it is not. Never have been never will be.


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Bad day dude , just keep up that positive attitude , it will be fine in the end .


analytical
/anəˈlɪtɪk(ə)l/
Learn to pronounce
adjective
relating to or using analysis or logical reasoning.
"analytical methods"
synonyms: systematic, logical, scientific, inquisitive, investigative, inquiring, methodical, organized, well organized, ordered, orderly, meticulous, rigorous, searching, critical, interpretative, diagnostic, exact, precise, accurate, mathematical, regulated, controlled, rational
"a more analytical approach was needed"



Yeah looks a total waste of time to me . analysis what is it good for :nothing:

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  #126 (permalink)
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I never said analytics was “good for nothing”.

What I did say is that Douglas is teaching exactly what you are talking about, but you are dumping all over him and dumping all over me for no good reason.

It does not sound like you have any specific point at all other than dumping on people.

Good luck with that.


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  #127 (permalink)
Brisbane Queensland Australia
 
 
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CrudeDude View Post
I never said analytics was “good for nothing”.

What I did say is that Douglas is teaching exactly what you are talking about, but you are dumping all over him and dumping all over me for no good reason.

It does not sound like you have any specific point at all other than dumping on people.

Good luck with that.


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Dude i never got personal you did , i gave an opinion i said each to their own , dont make something out of nothing

" don’t bother trying to tell me that analytics is the key to success. Because it is not. Never have been never will be. "

^^^^^^^^^^^ your words , i think you might be incorrect but thats ok , relax man go read that waste of trees and stay positive . books full of anecdotes and subjective crap arent my thing , its yours and thats ok as well . Do what makes you happy but if you are only into confirmation bias dont get bent out of shape and get all hurt when its non conforming . It wont change shit . good luck stay positive , save a tree ...

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  #128 (permalink)
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Ozquant View Post
Dude i never got personal you did , i gave an opinion i said each to their own , dont make something out of nothing



" don’t bother trying to tell me that analytics is the key to success. Because it is not. Never have been never will be. "



^^^^^^^^^^^ your words , i think you might be incorrect but thats ok , relax man go read that waste of trees and stay positive . books full of anecdotes and subjective crap arent my thing , its yours and thats ok as well . Do what makes you happy but if you are only into confirmation bias dont get bent out of shape and get all hurt when its non conforming . It wont change shit . good luck stay positive , save a tree ...



OK Homie, no problem. I was only trying to be positive about the subject of psychology on a thread that is about psychology and it’s positive aspects on trading.

But apparently you think it is all just “shit”.

Thank you for your response and have a nice day


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  #129 (permalink)
South France, Chicago U.S.A, Quebec Canada
 
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CrudeDude View Post
OK Homie, no problem. I was only trying to be positive about the subject of psychology on a thread that is about psychology and it’s positive aspects on trading.

But apparently you think it is all just “shit”.

Thank you for your response and have a nice day

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Hi,

If you're not using automation trading...psychology and analytics becomes important. Yet, analytics must be defined as in if the trader is using a method that's been backtested, if the trader is using a method that has quantitative statistical analysis of simulation trading and real money trading.

In fact, I strongly believe that the analytics & psychology can work together and help each other if the trader documents both. The trader can then use that info to make adjustments in their trading that's beneficial.

Yet, at the same time, a book or books on psychology alone will not be helpful if the trader does not understand the statistics of their trading.

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