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Trading psychology articles
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Trading psychology articles

  #31 (permalink)
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bobwest View Post


Well, go to a country where it is not banned. You'll probably have trouble getting it shipped to a UK address, but a person can usually get whatever they want if they work at it.

I may have overstated how extensively it is regulated:



(Quoted from the same Wikipedia article.)

So there are lots of places to turn to.

Will it really improve your mood or mental function? Don't know.

Bob.

I think what Ill do is research specific symptoms I need to display to a doctor so that he/she reaches the conclusion that I need to be prescribed this stuff. This will require comprehensive practice in front of the mirror and also a bit of NLP during the session (mental note: be wary of counter NLP trained doctors). Not sure what Im going to do if they completely miss my subtle cues and prescribe a round of unrelated chemical suppositories which can only be administered at the clinic...daily... by a male nurse
Maybe Ill just stick to daily mental awareness exercises.

Sorry for all the posts xplorer. Enthused I guess after watching that video

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  #32 (permalink)
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Grantx View Post
I think what Ill do is research specific symptoms I need to display to a doctor so that he/she reaches the conclusion that I need to be prescribed this stuff. This will require comprehensive practice in front of the mirror and also a bit of NLP during the session (mental note: be wary of counter NLP trained doctors). Not sure what Im going to do if they completely miss my subtle cues and prescribe a round of unrelated chemical suppositories which can only be administered at the clinic...daily... by a male nurse
Maybe Ill just stick to daily mental awareness exercises.

Sorry for all the posts xplorer. Enthused I guess after watching that video

As sheldon from Big bang theory would say : " i hope this is what they call sarcasm"

my gut feeling is you're joking around but in the slightest chances that you are considering these drugs to enhance your cognitive state is trying to externalize the problem and resolving it through external solution aka aforementioned drugs from the video. I know you're kidding but for those who are thinking about this, should not and focus on the internal process /journey. The point in the video is to have a rhythmic paced breathing through the heart.

I'm sure Dr. Watkins would agree that these drugs aren't what make you exceptional.

In trading, once you have real money on the line, you're heart rate is erratic and not rhythmic. Breathing in a pattern calms the heart and brain and allows you to think with more clarity. Will you feel the clarity? probably not because you are focused on the trade. Will breathing differently all of a sudden make you brilliant? Nope, but the quality of your brain functioning improves, you may or may not even notice it. Dr.watkins mentions many side remarks to engage the audience and bring some humor in the presentation but one should not consider the drugs mentioned in the hopes that it will bring their state of mind in the desired quadrant Grantx created or from the video itself.

If I still recall correctly, effects of nootropic have been unpleasant which most sellers won't mention from the research. Exercise is the best drug for all.

John

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Last edited by noobforlyfe; April 28th, 2018 at 03:39 AM.
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  #33 (permalink)
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noobforlyfe View Post

I'm sure if Dr. Watkins (Rip) was still alive he would agree that these drugs aren't what make you exceptional.

Hi John

I suspect the Dr. Alan Watkins of the videos you provided is very much alive. If you - like me - have looked him up via Google and got this as result

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just be mindful that occasionally Google's algorithm gets things wrong. In this case it has clearly paired the right pictures with the wrong bio.


Anyway,

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  #34 (permalink)
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xplorer View Post
Hi John

I suspect the Dr. Alan Watkins of the videos you provided is very much alive. If you - like me - have looked him up via Google and got this as result

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


just be mindful that occasionally Google's algorithm gets things wrong. In this case it has clearly paired the right pictures with the wrong bio.


Anyway,

oh my oh my. my apologies Dr. Watkins, I'm very glad to hear this. Its been a few years since I've read his research papers. Time to visit the library catalogue.

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  #35 (permalink)
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How well do you think about risk and uncertainty?

@Blash just posted this and that reminded me that recently I took a risk and uncertainty test published as part of a very interesting article on BBC Future about risk quantification.

Now being in the trading business, of course I took the test and I was surprised that I did quite poorly. I think I scored in the lowest 25%.


I'd be interested in people taking the test and sharing their results here.

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  #36 (permalink)
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xplorer View Post
@Blash just posted this and that reminded me that recently I took a risk and uncertainty test published as part of a very interesting article on BBC Future about risk quantification.

Now being in the trading business, of course I took the test and I was surprised that I did quite poorly. I think I scored in the lowest 25%.


I'd be interested in people taking the test and sharing their results here.

I took the test and scored 25% as well, math has never been a strong point for me ( failed geometry in high school )

( then ended up using real world math on a daily basis area,vol ect )

-P

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  #37 (permalink)
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Interesting test as it doesn't say what it does with the risk type of questions and the relative scores. Looks like this is only coming from the calculations.
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  #38 (permalink)
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Definitely not great with stats (all answers were 'off the top of my head' - no calc used):

 
Code
Congratulations on completing your statistical and risk literacy test!
Your numeracy score is better than about 25-50% of all college educated individuals. Roughly, this means that out of every 100 people who take the test, about half (50 people) are likely to do better than you.
Technically, relative to the general population, you are probably reasonably statistically literate.
However, based on your score, you should expect some difficulty when faced with common types of statistical thinking. You should take extra care and may want to seek additional advice when it comes to important decisions involving risk and statistics (e.g., some medical decisions, financial investment, taking consumer debt). 

In our uncertain and complex world you are likely to find that higher levels of risk and statistical literacy can be very beneficial and important.

The good news is that this type of numeracy is a kind of skill that can be dramatically improved with practice.
And as the saying goes: "Practice makes perfect."

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  #39 (permalink)
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Principles For Success by Ray Dalio (In 30 Minutes)

Another video which is indirectly related to trading psychology: ironically the author is investor and hedge-fund superstar Ray Dalio but the principles outlined in the video are not just applicable to trading - they can be applied to any field.


I found the video extremely inspiring and I hope you do too.



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  #40 (permalink)
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Thanks @xplorer, that was a great video. Gonna watch the whole series...

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