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Psychological Reversed


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Psychological Reversed

  #1 (permalink)
 
rtrade's Avatar
 rtrade 
Paradise, USA
 
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What exercise is there if you are psychological reversed in trading?

You know:
when I buy...the market goes down.
when I sell...the market goes up.
when I stay out of the market, it's moving nicely.
when I enter the market it's in the slop/chop zone.

If I fix that, there's nothing that will stop SUCCESS!

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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  #3 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010



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  #4 (permalink)
 
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 trs3042 
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rtrade View Post
What exercise is there if you are psychological reversed in trading?

You know:
when I buy...the market goes down.
when I sell...the market goes up.
when I stay out of the market, it's moving nicely.
when I enter the market it's in the slop/chop zone.

If I fix that, there's nothing that will stop SUCCESS!

When you learn of such an exercise, PLEASE post it here!!! LOL

TIA,

Rick

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  #5 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Step 1. Position yourself for success.
Step 2. Think positively.
Step 3. Measure your strengths and weaknesses.
Step 4. Hold yourself accountable.
Step 5. Learn from your mistakes.

Those are a good start.

Mike

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  #6 (permalink)
 
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 Fat Tails 
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Two steps added:

Step 1. Position yourself for success.
Step 2. Follow a method with a proven edge.
Step 3. Think positively.
Step 4. Report the results.
Step 5. Measure your strengths and weaknesses.
Step 6. Hold yourself accountable.
Step 7. Learn from your mistakes.

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  #7 (permalink)
 
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 trendisyourfriend 
Quebec Canada
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rtrade View Post
What exercise is there if you are psychological reversed in trading?

You know:
when I buy...the market goes down.
when I sell...the market goes up.
when I stay out of the market, it's moving nicely.
when I enter the market it's in the slop/chop zone.

If I fix that, there's nothing that will stop SUCCESS!

Make sure your technical frame of reference is up to snuff before repairing your mind.

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  #8 (permalink)
 
rtrade's Avatar
 rtrade 
Paradise, USA
 
Experience: Beginner
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Trading: E-mini, Forex, Futures, Equities, Options
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MetalTrade View Post

Your on to something MT, it should be, "so easy to MAKE money..." not "so easy to loose money." I know it's really deep to understand what you stated. It is like a battered women not leaving her spouse, why...when all she has to say is "NO", and leave... yet she still stays with her abusive partner...go figure.


trs3042 View Post
When you learn of such an exercise, PLEASE post it here!!! LOL

TIA,

Rick

I'm afraid I'll have to discover a system specifically for traders...brrr


Big Mike View Post
Step 1. Position yourself for success.
Step 2. Think positively.
Step 3. Measure your strengths and weaknesses.
Step 4. Hold yourself accountable.
Step 5. Learn from your mistakes.

Those are a good start.

Mike

Ahhh, gee, thanks Mike, each one of those bullets are book onto itself...no, even more...courses onto itself...more self discovery here I come.


Fat Tails View Post
Two steps added:

Step 1. Position yourself for success.
Step 2. Follow a method with a proven edge.
Step 3. Think positively.
Step 4. Report the results.
Step 5. Measure your strengths and weaknesses.
Step 6. Hold yourself accountable.
Step 7. Learn from your mistakes.

Thanks Fat Tails for adding two more books to my work load...


trendisyourfriend View Post
Make sure your technical frame of reference is up to snuff before repairing your mind.

Sorry trends but I have disagree on the order of you reasoning. Repairing my mind is first, otherwise the technical frame work will be incorrect.

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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  #9 (permalink)
 
rtrade's Avatar
 rtrade 
Paradise, USA
 
Experience: Beginner
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Trading: E-mini, Forex, Futures, Equities, Options
Posts: 499 since Nov 2010
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1. Position myself for success.

hmm, let me think about this tonight...

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #10 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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rtrade View Post
1. Position myself for success.

hmm, let me think about this tonight...

For me, in general it means that you can't expect to outperform your trading peers if you are not positioned as well as them. Picture yourself on the floor of the exchange for a moment, surrounded by trading peers. Now ask yourself how you stack up against these people:

- Capitalization
- Experience

I just mean for example if the majority of your peers are better capitalized than you, then that is going to be a main weakness of yours. If the majority of your peers are not trading with rent money, and you are, again that has major ramifications. So you need to position yourself, set yourself up for success from the beginning, before you ever place a trade.

Mike

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Last Updated on December 3, 2010


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