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Trading Psychology and How The Mind Works (IV)


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Trading Psychology and How The Mind Works (IV)

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  #101 (permalink)
denby
Dubai/United Arab Emirates
 
 
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George,
Have you heard of the Release Technique by Larry Crane? I understand that it is very similar to the Sedona Method. I am working through the Release Technique at the moment and it is certainly helping me on the tough days.

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  #102 (permalink)
jgomez74
Chihuahua, Mexico
 
 
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denby View Post
George,
Have you heard of the Release Technique by Larry Crane? I understand that it is very similar to the Sedona Method. I am working through the Release Technique at the moment and it is certainly helping me on the tough days.

Hi, what is that technique about? Could you explain a little bit about the release technique please?

Thanks in advance.

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  #103 (permalink)
denby
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jgomez74 View Post
Hi, what is that technique about? Could you explain a little bit about the release technique please?

Thanks in advance.

Hi it's a way of letting go or releasing negative or conflicting thoughts. In particular the thoughts that may be holding one back in life.

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  #104 (permalink)
jgomez74
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denby View Post
Hi it's a way of letting go or releasing negative or conflicting thoughts. In particular the thoughts that may be holding one back in life.

Ok, but how do you apply it? Could you write a summary on how we can apply the technique please?

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  #105 (permalink)
denby
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jgomez74 View Post
Ok, but how do you apply it? Could you write a summary on how we can apply the technique please?

It is a course, the details of which can be found at Self Help Program | Achieve Financial Freedom | Stress Relief | Anger Management | Anxiety Depression | Meditation Techniques | Eckhart Tolle | Relieve Stress Release Technique

There is also the Sedona Method (mentioned by George in earlier posts) which is supposed to have a similar approach to letting go of negative thoughts and conflicting feelings.
And nope, I'm not affiliated to any of theses companies.

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  #106 (permalink)
 Fatfish 
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George View Post
It is time for me to breathe some new life into this old thread. When I finished the articles I wanted to throw out there a couple of methods that could lead to solutions.
I never went on exploring them further into writing mainly because they didnít help me reach the results I was aiming for.
Sure theyíre great methods, and I still believe in hypnosis made by a truly good hypnotist, and the other two can give temporarily releases.But Iíve found a new method
that has done some great and permanent changes to me. Because of that, and because it fits as a continuous part in this article series I wanted to share that with you guys.

The method is called the Emotion Code and it is based upon the same premises as everything else. It is based upon the fact that our experiences and our
interaction with the local environment leaves traces and has an impact on us. The result of that are these so called trapped emotions.
What are trapped emotions? Trapped emotions are trails of feelings we experience in negative situations that are left in our system and are triggered as soon as our mind
identifies a situation that reminds us of that particular event.


For instance, have you ever asked yourself what happens to you when you always give back all that money youíve made so fast and so easy? What really happens is that
your subconscious mind corrects the issue by helping you giving it back to the market. It simply corrects your particular situation
in order to match its programed belief. Letís put it this way in order to throw further light on it. Assume that your father told you when you were a child that money are
to be earned the hard way. Here we have to add that children are very adept to be seeking confirmation from our guides and teachers
because they are the ones that holds the key to our interaction with the local environment in which we strive to become a part of. So together with that statement from the
father comes a need of being confirmed. If we trust and believe that statement we are good kids, and good kids
that behave according to what their parents says get love as a reward.

Is the picture complete now? You make money fast and easy, but that also triggers the emotion connected to that. We all need that confirmation because itís a part of
our designed societal needs and fast money is simply not a match for you (because in your subconscious mind
you still need that confirmation that will get you the reward in terms of affection) hence you give them back! Thatís where the Emotion Code enters into the picture.
It has a built in method that enables it to get feedback from the subconscious mind
making us able to aim for those feelings that are trapped and release them. When theyíve become released that need for confirmation/affection and we get to keep our money
because the subconscious mind is not active in that sense anymore and will not ďwork against usĒ.


Now, will the Emotion Code make us better traders? Yes and no! It is very important to emphasize that trading in itself has very much to do with mastering all the bits
and pieces in the whole trading package, from administration of your trades to your risk management etc. But one thing is for sure, it will
do wonders on the emotional part that is a huge part of trading. With a mastery of everything else in trading that can serve as the dot over the I in many instances.
But please do remember this, all the other puzzle pieces has to be mastered in order to make it all the way in trading.
If we are not doing that it is as if we put an athlete through a form of mind programing but we expect him/her to win without the proper training, systematic approach to wining,
diet, the proper mindset etc. etc. That is impossible right? So keep that in mind please!



What has the Emotion Code done for me? First and foremost it has had a huge impact on my mood. I have let go of an enormous deal of frustration and I have become
a very calm and patient person. It is like I have a sort of built in breaks now that are getting activated as soon as I get frustrated.
Even if I get mad (after all I am human being), my path to calmness has become greatly shortened. And it is not as if I get frustrated and then the thought
comes in telling me I am changed. No, it comes automatically, and it is due to the fact that those emotions
that were triggering that part of my brain/mind are released. My family is the biggest witness to these changes, and theyíre the ones that can truly testify to that because
theyíre the ones that are noticing the change mostly. For me things have become normal this way!

Iíve also got rid of this pollen allergy that has been bothering me for about 15 years. And that wasnít even on my list of things that I wanted to work with. You see, thoughts and
feelings are energy and energy gets stored into our organs. When you free the body from those negative emotions you actually free the organs from that stored energy,
therefore theyíre allowed to regenerate themselves in the proper way leading to recovery.

Oh, Iíve been through a couple of things/methods through the years, among other those 3 Iíve suggested before. The impact from those were temporary and not lasting
at least in my case. I started this work back in April and the changes are still here today, so I can testify to the part where the changes are there to stay!
Iím throwing this out there with myself exposed primarily because I owe it to this community constructed by Big Mike which intentions are to be continually applauded and second
it truly is something that has helped me a lot and I want to share it with my fellow traders that also can benefit from it.


There are a lot of practitioners out there. There might be one in your area or not. Sessions can be done either in person or by phone/Skype. I live in Sweden and I had sessions
over Skype in USA. When I decided to take the step and to employ a practitioner I started by comparing them all in terms
of experience and the value you get for your money. After choosing a couple of them I sent out emails to see what kind of response Iíd get. Some of them contacted me days later,
some didnít contact me at all etc. etc. Iím not gone get into particular reasons of why that happened and so on.
But there was this lady that contacted me very shortly after Iíve sent the emails telling me that she wasnít able to answer my questions right away, but that she wanted to
work with me and that sheíll contact me as soon as sheís able to. And so she did not long after that.


What really made me chose her was that she showed me from the beginning that she cared. Together with that she offered (and still does) most value for the money!
The rest is history and the changes are as Iíve told you above.
Her name is Jill Jolley and she lives in Arizona In case anyone wants to contact her. Here is a link to her webpage: LIGHTBORN SERVICES - Home You can always refer to me (@George)
or to (Big Mike trading) in order to show that you have a traderís background.

PS: Here comes a link to an interview with Dr. Bradley Nelson : the founder of the method. It starts at about 0:04:00. Enjoy!

I just wanted to report back on how this post affected me.

In December last year I realized that even though I know a real edge with which to trade, and even though I know how to trade it, my trade event series was littered with "out of plan" trades that were taken for no other reason than fear and / or greed. My fear came in many forms, mostly fear of missing out and fear of failure. So with the mindset that I had, I would perceive an opportunity where in fact there was no real edge present, and act upon it, perpetuating strings of losses. Then I would want to make the losses back, urgently, and again not see the market clearly, and keep on taking out of plan trades. (On the few occasions when I did manage to trade with a calm and impartial mind, I managed to follow my plan much better, and traded well.)

But the fear driven trades were out of control. I really felt that I do not have any control over that, that somewhere in my mind something was "hard wired" to take those actions. Shortly after that realization, I read this thread, and started doing work with an Emotion Code practitioner in my area. I am not in a position to explain how it works, but I can say that it has helped me a tremendous amount in trading, as well as in day to day life;

Certain experiences in my past have shaped my behavior by causing my mind to form what could be called heuristics, rules of thumb or shortcuts, with which to ID threatening situations, and take protective action. Many times these behaviors that were ingrained over many years occur so automatically that it is hard to perceive of them as learned behavior, and they seem like appropriate responses, Only they are not and can and will trip you up, especially in the markets where, I believe, it is not possible to safeguard your P/L from routinely inappropriate responses. By doing the work, many of the reasons that initiated inappropriate heuristics are identified, and the problems addressed at their root causes.

Finally, I would like to caution that although I believe the Emotion Code could help a lot of folks, I don't think it's the only magic bullet you'll need, and all the other good trading practices remain valid.

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  #107 (permalink)
 George 
Sweden
 
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denby View Post
George,
Have you heard of the Release Technique by Larry Crane? I understand that it is very similar to the Sedona Method. I am working through the Release Technique at the moment and it is certainly helping me on the tough days.

They are quite the same. The approach is a bit different but the structure is the same and the effect is equal. I am happy that it works you!

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
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  #108 (permalink)
 George 
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Fatfish View Post
I just wanted to report back on how this post affected me.

In December last year I realized that even though I know a real edge with which to trade, and even though I know how to trade it, my trade event series was littered with "out of plan" trades that were taken for no other reason than fear and / or greed. My fear came in many forms, mostly fear of missing out and fear of failure. So with the mindset that I had, I would perceive an opportunity where in fact there was no real edge present, and act upon it, perpetuating strings of losses. Then I would want to make the losses back, urgently, and again not see the market clearly, and keep on taking out of plan trades. (On the few occasions when I did manage to trade with a calm and impartial mind, I managed to follow my plan much better, and traded well.)

But the fear driven trades were out of control. I really felt that I do not have any control over that, that somewhere in my mind something was "hard wired" to take those actions. Shortly after that realization, I read this thread, and started doing work with an Emotion Code practitioner in my area. I am not in a position to explain how it works, but I can say that it has helped me a tremendous amount in trading, as well as in day to day life;

Certain experiences in my past have shaped my behavior by causing my mind to form what could be called heuristics, rules of thumb or shortcuts, with which to ID threatening situations, and take protective action. Many times these behaviors that were ingrained over many years occur so automatically that it is hard to perceive of them as learned behavior, and they seem like appropriate responses, Only they are not and can and will trip you up, especially in the markets where, I believe, it is not possible to safeguard your P/L from routinely inappropriate responses. By doing the work, many of the reasons that initiated inappropriate heuristics are identified, and the problems addressed at their root causes.

Finally, I would like to caution that although I believe the Emotion Code could help a lot of folks, I don't think it's the only magic bullet you'll need, and all the other good trading practices remain valid.


Fatfish,

Thank for your post, and thank you for sharing your experience. Posts like yours gives meaning to these threads. Hopefully other struggling traders find the strength and the courage in order to to dig deep inside themselves, and find what's on the other side!

Trade well, and have fun doing it

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
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  #109 (permalink)
 arjfca 
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Fatfish View Post
I just wanted to report back on how this post affected me.

In December last year I realized that even though I know a real edge with which to trade, and even though I know how to trade it, my trade event series was littered with "out of plan" trades that were taken for no other reason than fear and / or greed. My fear came in many forms, mostly fear of missing out and fear of failure. So with the mindset that I had, I would perceive an opportunity where in fact there was no real edge present, and act upon it, perpetuating strings of losses. Then I would want to make the losses back, urgently, and again not see the market clearly, and keep on taking out of plan trades. (On the few occasions when I did manage to trade with a calm and impartial mind, I managed to follow my plan much better, and traded well.)

But the fear driven trades were out of control. I really felt that I do not have any control over that, that somewhere in my mind something was "hard wired" to take those actions. Shortly after that realization, I read this thread, and started doing work with an Emotion Code practitioner in my area. I am not in a position to explain how it works, but I can say that it has helped me a tremendous amount in trading, as well as in day to day life;

Certain experiences in my past have shaped my behavior by causing my mind to form what could be called heuristics, rules of thumb or shortcuts, with which to ID threatening situations, and take protective action. Many times these behaviors that were ingrained over many years occur so automatically that it is hard to perceive of them as learned behavior, and they seem like appropriate responses, Only they are not and can and will trip you up, especially in the markets where, I believe, it is not possible to safeguard your P/L from routinely inappropriate responses. By doing the work, many of the reasons that initiated inappropriate heuristics are identified, and the problems addressed at their root causes.

Finally, I would like to caution that although I believe the Emotion Code could help a lot of folks, I don't think it's the only magic bullet you'll need, and all the other good trading practices remain valid.

Interesting to read you Fatfish
I tough that it was me who had written this post.

Same story about know how to trade, but don't trade what I know. Ruled by emotion. Will take a look at "Emotion code" to see if it could help

About a years ago, I had been diagnosed with ADD ("Attention Deficit Disorder"). I need to go beyond it and consciously manage to trade well.

Good luck and thank for your input

Martin

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  #110 (permalink)
Aaron Cole
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I completely agree with the general concept, people should take control, it is possible to control your own energy and by doing that affecting the energy around you. But i think a big part of that is learning how to cope with things that happen, good or bad, the best way you can. There are many things we cannot affect, we can only control how we react, cope, and how fast we get back on our feet and move on. Moving is what's really important.

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limitless
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All meaningful and lasting change starts on the inside and works its way out.
Thank you.

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  #112 (permalink)
limitless
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I'd recommend "How the Mind Works" book by cognitive scientist Steven Pinker. The book attempts to explain some of the human mind's poorly understood functions and quirks in evolutionary terms.
Another great book is "Thinking, Fast and Slow" by Daniel Kahnema, Nobel Memorial Prize in Economics winner.

Hope that helps.

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Eleanor92
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Thanks George for this valuable post. I believe in those three ways. "In order to get rid of fear of success (or whatever change you need to make) you have to neutralize that stored energy." I love this quote.

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  #114 (permalink)
Mwenga
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Thanks for this thread bumped on it at a great moment in my life. Currently experiencing great development as a trader and its been a month since I begun practising self-hypnosis and consequently making BIG strides.
I have discovered 95% of trading techniques put out on the internet don't really count when it comes to making a trader profitable. Conventional knowledge on trading strategies and (or) indicators, whether Technicals or fundamentals do not have a reasonable impact on a trader's development. What creates an impact is when a trader takes the knowledge and turns it upside down, meaning that the trader must take the methodologies, strategies and Tools and make them his/her own, fully own the process by being independently creative and innovative.
Doing this requires a mindset that is absolutely different from the one the trader had when he/she started learning the skill and having this mindset requires traders to work on their psychology at a subconscious level. There's no Holy Grail, Methodology, strategy and Tools. There's only ONE thing, THE TRADER!

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 CrudeDude 
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Anyone here read Minding Hack Secrets?

Learning about focus, attention span, and priming.

Once I get my mind right, unlimited financial resources will be readily available to me.

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 Luis_PT 
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Who is the author?



CrudeDude View Post
Anyone here read Minding Hack Secrets?

Learning about focus, attention span, and priming.

Once I get my mind right, unlimited financial resources will be readily available to me.


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 CrudeDude 
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Good question. I noticed there are two books by the same name. This author is Som Bathla


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 marin 
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Know your daily pH....it should be alkaline 7.4 or so and above (during the day at or above 8.0 ideally)....the mind will function well if alkaline....if your pH is below 7 (acidic) the mind and body will not function well....

Learn how to control and manage your pH....you will find an all raw vegan diet works best to promote and maintain an alkaline environment for body and mind.... lots of info on the web about pH to explore....

Also look at being grounded 24/7....see Earthing.com....this plays a big part in creating an ideal pH and so a well functioning mind and body...

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 CrudeDude 
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Good information. Thanks for the suggestion


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 CrudeDude 
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Iím 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 itís all about winning attitude and very little analytical skill is needed


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Ozquant
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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

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 RichardHK 
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... ...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 itís 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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 CrudeDude 
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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 ďanalyticalĒ. 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 donít have a problem with emotions and maybe youíre making tens of thousands of dollars per day. More power to you, Iím happy for you. Keep doing what youíre doing but donít 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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 CrudeDude 
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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 youíre 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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Ozquant
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It is amazing that you guys get so hung up on words like ďanalyticalĒ. 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 donít have a problem with emotions and maybe youíre making tens of thousands of dollars per day. More power to you, Iím happy for you. Keep doing what youíre doing but donít 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/
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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)
 CrudeDude 
Phoenix Arizona
 
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I never said analytics was ďgood for nothingĒ.

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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Ozquant
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CrudeDude View Post
I never said analytics was ďgood for nothingĒ.

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

" donít 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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 CrudeDude 
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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



" donít 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 itís positive aspects on trading.

But apparently you think it is all just ďshitĒ.

Thank you for your response and have a nice day


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 wrbtrader 
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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 itís positive aspects on trading.

But apparently you think it is all just ďshitĒ.

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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 moneyboy888 
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Guss View Post
Hi Judge,

I did get some results from the emotion code, but wasn't enough for me.
I managed to find a more powerful tool, where I ended up becoming a fastereft(emotional focused transformation) certified practitioner myself. which is a very powerful combination of tools consists of (EFT,NLP...etc). it works on your belief system, and transforms the past negative experiences and releases the emotions and heals you from the inside out.
The results are amazing, it did transform me inside out, and I continue to use it and help others as well to overcome their challenges in different aspects of their life's including trading.

Hope this helps.

Hi Guss,

Would you mind telling where you learn to become an EFT? I'm interested. I did go through the TBM with a former chiropractor before in Dallas and also myself is a Reiki practioner. However, I don't find these two are enough for me either. I'd like to check into this EFT. Please tell me more about it. The time it takes to learn and the duration when you feel your amazing transformation even though it could be very personal based. Thanks in advance.

Ted

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 Guss 
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moneyboy888 View Post
Hi Guss,

Would you mind telling where you learn to become an EFT? I'm interested. I did go through the TBM with a former chiropractor before in Dallas and also myself is a Reiki practioner. However, I don't find these two are enough for me either. I'd like to check into this EFT. Please tell me more about it. The time it takes to learn and the duration when you feel your amazing transformation even though it could be very personal based. Thanks in advance.

Ted

As a level II certified FEFT practitioner, I will be more than happy to help.
you can also learn more about it at the following:
https://fastereft.com/
Let me know if you need any more info
All the best,

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 yiman 
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I found it very useful

Attached Thumbnails
Trading Psychology and How The Mind Works (IV)-eft-international-free-tapping-manual.pdf  
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 Guss 
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yiman View Post
I found it very useful

This is not the same as FAstereft, FEFT has more tools within the protocol all combine together.

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 moneyboy888 
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Guss View Post
As a level II certified FEFT practitioner, I will be more than happy to help.
you can also learn more about it at the following:
https://fastereft.com/
Let me know if you need any more info
All the best,


Thanks so much for your prompt reply and the info. Let me have some time to review the web site and I will PM you. Have a wonderful day!

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