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Trading psychology articles
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Trading psychology articles

  #51 (permalink)
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xplorer View Post
I think this is a good reason why people may have rules in trading such as 3-strike and out, meaning, whatever may be going on in my brain (and I may not be at all aware about it), if I have, say, 3 losing trades in a row, I will stop for the day (or variations thereof).

How many trades do you average per day and do you stop even when you are trading well? You could be taking excellent setups and following your plan but bad luck or some other factor is causing losses. Personally if I reach 4 trades for the day I start to get the feeling that Im over trading and will usually stop regardless if Im ahead or behind. So my idea is that I should be able to trade under the worst type of scenario ie. sick, tired, emotional, brain off, and Ive got approximately 4 trades in a day to get a result.

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  #52 (permalink)
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Grantx View Post
How many trades do you average per day and do you stop even when you are trading well? You could be taking excellent setups and following your plan but bad luck or some other factor is causing losses. Personally if I reach 4 trades for the day I start to get the feeling that Im over trading and will usually stop regardless if Im ahead or behind. So my idea is that I should be able to trade under the worst type of scenario ie. sick, tired, emotional, brain off, and Ive got approximately 4 trades in a day to get a result.

Yes, my normal day ranges from 1 to 6 trades, I tend not to take more. Of course bad luck or simply days where certain setups don't materialise do happen, but once you start reading your market reasonably well you can tell. In fact, you don't care about losing days because you know exactly why you lost, which is different from being angry because you hit your daily limit and you don't know why (I've been there).

About trading under any phyisical and mental condition, the idea that one can is quite seductive, but I don't know if I could, especially being mindful of certain dangers such as the amygdala hijack, which I have experienced a few times.

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  #53 (permalink)
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Posting this here as reference, from @rleplae's thread on Transcendental Meditation.

I have been increasingly interested in the role that the amygdala plays in trading. I think that sometimes its role can ve very subtle, i.e. the rational part of our brain thinks we are still in control but actually something triggered the fight-or-flight response and we don't acknowledge it, which can have a negative impact on the rest of the trading session.

I actually experienced this insidious loss of control on numerous occasions and the realization of what actually happened only hit me minutes, hours or even days later (I am referring to trading here, but not necessarily only to trading).

However, just this past week, I was able to realize this loss of control was happening as it was taking place during the trading session and, possibly for the very first time, I was able to rein it in.

Whether this was a direct result of meditation, I cannot say. But there may indeed be a link between meditation and self-awareness.


paps View Post
I don't have the book....I did look at YouTube my Google and found some good stuff by Dalio and meditation.

Wife always said why don't u do it or practice. When I meditated I was just starting out to trade....now when I have a better understanding of the mrkt I will get into meditation. Thanks to OP @ rleplae and @mattz

...for me i always believed ...but off late practice was not there....i think i will start. so thnx to this thread.
my best trades are trades which have 0 emotion.......and thats the state u really want to be in.....lets get there
here r some of the youtube vids.....but the space is big....u can follow up....since Dalio was mentioned






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  #54 (permalink)
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xplorer View Post
Posting this here as reference, from @rleplae's thread on Transcendental Meditation.

I have been increasingly interested in the role that the amygdala plays in trading. I think that sometimes its role can ve very subtle, i.e. the rational part of our brain thinks we are still in control but actually something triggered the fight-or-flight response and we don't acknowledge it, which can have a negative impact on the rest of the trading session.

I actually experienced this insidious loss of control on numerous occasions and the realization of what actually happened only hit me minutes, hours or even days later (I am referring to trading here, but not necessarily only to trading).

However, just this past week, I was able to realize this loss of control was happening as it was taking place during the trading session and, possibly for the very first time, I was able to rein it in.

Whether this was a direct result of meditation, I cannot say. But there may indeed be a link between meditation and self-awareness.

I appreciate your post. I don't know much about TM, but in vipassana meditation, you feel the amygdala hijack very clearly through your bodily sensations going crazy.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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  #55 (permalink)
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Anagami View Post
I appreciate your post. I don't know much about TM, but in vipassana meditation, you feel the amygdala hijack very clearly through your bodily sensations going crazy.

Thanks Anagami,

I have checked Vipassana and I will likely take it up in the future.

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  #56 (permalink)
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xplorer View Post
Thanks Anagami,

I have checked Vipassana and I will likely take it up in the future.

The retreats are free, it's definitely worth going.

For the record, I am not a vipassana groupie, but the practice does have value.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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