Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

zdo

Be Your Own Client

Recommended Posts

Be your own client?

 

For snicks, let’s flip it. Trading forums have piles and piles of ‘be your own trading therapist/ psychologist / coach” threads and posts PLUS just about all the posts that are outright anti-psychology or those simply taking the ‘you don’t need psychology’ / ‘develop an edge and system and then if you have issues, deal with them ‘ position are ultimately be you own ‘therapist/ psychologist / coach’ positions…

 

Being your own client presupposes some excellence at being your own therapist/ psychologist / coach…

(at the risk of being permanently banned) here is a link

The Mindful Therapist Siegal, Daniel J.

WW Norton 2010 ISBN: 978-0-393-70645-1

 

Notes:

1) The material referenced is but another model. It is not necessarily truth… ie I’m making no assertions that it is a truthful or accurate model

 

2) If you get past the first chapter and start wondering how the material is applicable to you if you’re just sitting there alone at your tradestacion – just remember, those ‘sponge’, ‘spindle’, insula cells, etc etc. are plenty active at simulating whether you are relating directly to an other or not… etc etc…

and the ‘density’ of these and other specialized 'relational' regions has a lot to do with your personal forays into trading to begin with…

 

Be your own...

Share this post


Link to post
Share on other sites

Be your own...

 

Accountant / best friend... I think far too much is made of trading psychology.

 

A good friend will tell you when you're pissing on yourself... your accountant will tell you when you're leaking money like a sieve. The choice is always yours as to what to do about it. There are people who go from one bad decision to the next... never grasping the personal responsibility required to be successful. They lay blame on misfortune as if misfortune happens to all... it doesn't.

 

The best therapy there is... making money. The road to get there is responsibility... trader psychology... not so much.

Share this post


Link to post
Share on other sites
Be your own client?

 

Notes:

1) The material referenced is but another model. It is not necessarily truth… ie I’m making no assertions that it is a truthful or accurate model

 

 

Be your own...

 

It's a great advice for all the people start to learning. You are very right. We need to know what's truth behind the story, just like the stock market information. Furthermore, there is no rules 100% right in interaction system.

 

Be your own... it's a great word....self finding problem and be able to self debugging is the power for Be your own, although it's not easy. Thanks for this tread.

Share this post


Link to post
Share on other sites
Be your own...

 

Accountant / best friend... I think far too much is made of trading psychology.

 

A good friend will tell you when you're pissing on yourself... your accountant will tell you when you're leaking money like a sieve. The choice is always yours as to what to do about it. There are people who go from one bad decision to the next... never grasping the personal responsibility required to be successful. They lay blame on misfortune as if misfortune happens to all... it doesn't.

 

The best therapy there is... making money. The road to get there is responsibility... trader psychology... not so much.

 

Dear Captain Obvious,

“Those who don’t need trading ‘psychology’, don’t need it.

Those who do need it, really do need it.”

 

Sincerely,

 

Captain WellDuh

 

Having a bit of trouble making sense of your post. For one, most likely if a friend has to tell you that you’re pissing all over yourself and an accountant has to tell you that you’re bleeding money too fast, then most likely your 'choices' are also always going to be limited as to what you can do about it

...and if a friend has to tell you you’re pissing on this thread... ;)

 

Easiest thing to do would be to throw your predicted post onto the examples pile of “just about all the posts that are outright anti-psychology or those simply taking the ‘you don’t need psychology’ / ‘develop an edge and system and then if you have issues, deal with them ‘ position are ultimately be you own ‘therapist/ psychologist / coach’ positions/posts…”. Basically it seems your comments about ‘responsibility’ do that exactly…

 

I’ll add a few comments just to keep it ET up in here… like… If you’re arguing that if one has character they don’t need ‘psychology’… great deal of truth to that… but this is not the thread for that conversation.

On a case by case basis though it’s quite possible to have quality character and still need work in widening individual and specific mental, emotional, etc. tolerances and resilience.

 

Improving ‘ability to respond’ (responsibility) AND ‘ability to project’ (anticibility :roll eyes: ) in performance work is precisely the purpose of the first post.

 

So, while I can agree with you that "I think far too much is made of trading psychology”

(heck I don’t really even know what ‘trading psychology’ is and don’t really relish what I do ‘know’ anymore, and I have implored them to change the sub forum name to Trader Development … or anything but Trading Psychology … yet through all that I still do know enough to be able to recommend that you re-check your own constructs of what ‘trading psychology’ is :) )

… anyways… the reality remains that because of individual differences, some people really do need professional help / help from others with certain and varying ASPECTS and STAGES of their development as traders. (and, btw, for various conditions, other modalities are far more appropriate than ‘psychology’... but that too is off topic )

 

A few won’t ever need any help at all… some can do it via ‘be your own‘ self help… some only need a little help… and some need a lot…etc...

 

jpennybags, this thread is to assist those who may be able to do it via ‘be your own‘ self help … not about whether ‘trading psychology’ is useless bullsht or not…

Share this post


Link to post
Share on other sites
Having a bit of trouble making sense of your post. For one, most likely if a friend has to tell you that you’re pissing all over yourself and an accountant has to tell you that you’re bleeding money too fast, then most likely your 'choices' are also always going to be limited as to what you can do about it

...and if a friend has to tell you you’re pissing on this thread... ;)

 

Easiest thing to do would be to throw your predicted post onto the examples pile of “just about all the posts that are outright anti-psychology or those simply taking the ‘you don’t need psychology’ / ‘develop an edge and system and then if you have issues, deal with them ‘ position are ultimately be you own ‘therapist/ psychologist / coach’ positions/posts…”. Basically it seems your comments about ‘responsibility’ do that exactly…

 

I’ll add a few comments just to keep it ET up in here… like… If you’re arguing that if one has character they don’t need ‘psychology’… great deal of truth to that… but this is not the thread for that conversation.

On a case by case basis though it’s quite possible to have quality character and still need work in widening individual and specific mental, emotional, etc. tolerances and resilience.

 

Improving ‘ability to respond’ (responsibility) AND ‘ability to project’ (anticibility :roll eyes: ) in performance work is precisely the purpose of the first post.

 

So, while I can agree with you that "I think far too much is made of trading psychology”

(heck I don’t really even know what ‘trading psychology’ is and don’t really relish what I do ‘know’ anymore, and I have implored them to change the sub forum name to Trader Development … or anything but Trading Psychology … yet through all that I still do know enough to be able to recommend that you re-check your own constructs of what ‘trading psychology’ is :) )

… anyways… the reality remains that because of individual differences, some people really do need professional help / help from others with certain and varying ASPECTS and STAGES of their development as traders. (and, btw, for various conditions, other modalities are far more appropriate than ‘psychology’... but that too is off topic )

 

A few won’t ever need any help at all… some can do it via ‘be your own‘ self help… some only need a little help… and some need a lot…etc...

 

jpennybags, this thread is to assist those who may be able to do it via ‘be your own‘ self help … not about whether ‘trading psychology’ is useless bullsht or not…

 

Sorry... didn't mean to seem like I was saying that trading psychology was useless. I think it has a place. If I thought that trading psychology would have helped me then I would've been all over it... part of taking responsibility for one's success. It's not usually one thing that will turn the corner for most people, it's a combination of things. Getting to that place takes time and commitment (I don't know of any natural born traders... though there may be). Therapy takes time and commitment... taking responsibility.

 

There are enough different ways to make money in the markets, that everyone should be able to find a method that allows for an individual's risk tolerance and suits their particular personality. I think it's a quicker approach that allows an individual to compensate for tendencies and build upon a system that they understand from the inside. That said, if one wants to move to the next level, and needs to make some changes... by all means... advance the theater.

 

Trading psychology gets sold as one of those "magic bullet" approaches. I think that's what I find most troubling about the business as a whole. Not in anyway laying that on you.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.