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Subconscious Beliefs - Key to Trading?


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Subconscious Beliefs - Key to Trading?

  #21 (permalink)
Rory
 
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aquarian1 View Post

That is don't assume xyz is a block (e.g age differential etc) ask him.

When he asked about situations did you reply:
"It's so simple you do this and this."

I think your student has proven from his career, he has the ability to follow clear procedures and to follow them under pressure and exercise good judgement.

Because "you knock it out of the park" - is not proof you have a clear solid system.

Hi Aquarian1, I kind of covered it with my Dec 1 comment but I think I was pretty exhausted when I made the first post. My older brothers taught me as a child to delay an unavoidable fight until you know deep inside you have already won. A time-out, saying things out-loud is beneficial hence the post.

We did the eye-tracker/biofeedback assessment that I mentioned and found a few problem areas. Easily fixed and he has became more consistant.

Otherwise, kind of of like Cap Kirk here it was clear that he (remember, late 50s) was rejecting me making it too easy. Even though he knew I was going to be proven correct, he needed to build his own foundation as you term it or as he put it, he needed the pain.

I work 12-14 hours a day 4am to 4-6pm, it has taken time to build the stamina and support systems (behavioral and software) that allow me to stay focused for longer and longer while keeping my GF happy and everything else in life.

It was his words about me "Knocking it out of the park every week". Success is not luck in most circumstances, it is drawn from a lifetime habit of just..not losing. Winning.. meh.. One does not need to be 200% better than a competitor or co-worker, consistently some percent is all that is required over time.

Being a few percent better than ~97% of traders is ...difficult... haha however I doubt it I could have done it in my 20s as though I was far more gifted then, my accumulated skills were insufficiently broad.

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  #22 (permalink)
 WOW CO 
Toronto, Canada
 
Experience: Beginner
Platform: Ninjatrader
Trading: ES
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Rory View Post
Hi Aquarian1, I kind of covered it with my Dec 1 comment but I think I was pretty exhausted when I made the first post. My older brothers taught me as a child to delay an unavoidable fight until you know deep inside you have already won. A time-out, saying things out-loud is beneficial hence the post.

We did the eye-tracker/biofeedback assessment that I mentioned and found a few problem areas. Easily fixed and he has became more consistant.

Otherwise, kind of of like Cap Kirk here it was clear that he (remember, late 50s) was rejecting me making it too easy. Even though he knew I was going to be proven correct, he needed to build his own foundation as you term it or as he put it, he needed the pain.

I work 12-14 hours a day 4am to 4-6pm, it has taken time to build the stamina and support systems (behavioral and software) that allow me to stay focused for longer and longer while keeping my GF happy and everything else in life.

It was his words about me "Knocking it out of the park every week". Success is not luck in most circumstances, it is drawn from a lifetime habit of just..not losing. Winning.. meh.. One does not need to be 200% better than a competitor or co-worker, consistently some percent is all that is required over time.

Being a few percent better than ~97% of traders is ...difficult... haha however I doubt it I could have done it in my 20s as though I was far more gifted then, my accumulated skills were insufficiently broad.

Rory,
What equipment do you use for the the eye-tracker/biofeedback assessment??
Thanks

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  #23 (permalink)
Rory
 
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WOW CO View Post
Rory,
What equipment do you use for the the eye-tracker/biofeedback assessment??
Thanks

I personally have an eye tracker I got back in 2000 (still works) when I worked in V-R but I have used SensoMotoric Instruments GmbH > Gaze and Eye Tracking Systems > Products > BeGaze Analysis Software for a couple of commercial projects. There are lots available, Amazon reviews may be useful? not sure unfortunately whats the best.

For the biofeedback I use a simple CMS-50F pulse-oxymeter which live outputs to my laptop via USB. Good for sleep studies (optimal sleep is critical for performance work) as well as watching that heart rate spike on a live trade or drawdown.

The most obvious take-away beyond screen layouts was that just before entering a trade he switched focus to NT's Chart-trader panel. Checking multiple times if he was Live or Sim and not paying attention to the market for several seconds. Not unfamiliar to me I will admit when fast-scalping.

We changed the Sim101 Chart Trader panel to white (matching live) and his pre-trade anxiety dropped significantly. A totally unscientific theory of mine is his amygdala (which is not consciously controlled by most accounts) was locked into a blue good, white bad pattern.

Of course he made a live trade by mistake pretty quickly but overall its benefiting him.

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  #24 (permalink)
 WOW CO 
Toronto, Canada
 
Experience: Beginner
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Trading: ES
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Thanks Rory!

BTW, I like your unscientific theory, there could be something to it.

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  #25 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
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TickedOff View Post
Also, I think the reason why traders will have an easy time on sim but get roughed up live, is because when on sim they are not thinking of money, it just doesn't come into the equation, so they aren't viewing markets through potential negative beliefs or "scarcity filters" about wealth and don't have the negative sabotaging emotions.

From Reminiscences


Quoting 
I have heard of people who amuse themselves conducting imaginary operations in the stock market to prove with imaginary dollars how right they are. Sometimes these ghost gamblers make millions. It is very easy to be a plunger that way. It is like the old story of the man who was going to fight a duel the next day.
His second asked him, "Are you a good shot?"
"Well," said the duelist, "I can snap the stem of a wine-glass at twenty paces," and he looked modest.
"That's all very well," said the unimpressed second. "But can you snap the stem of the wineglass while the wineglass is pointing a loaded pistol straight at your heart?"

which I thought was pretty fitting.

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