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.

thetradingdoctor

The Trader As Hero

Recommended Posts

Another good one Janice ¡¡ this one did put me on tears... I believe you are a sheroe ¡¡

 

This emotional and spiritual aspect of a trader its so true as the most cold rational technique... we are humans ¡¡

 

"they knew that somewhere inside of them was the person they wanted to be" glourios quote Janice¡¡ thanks so much Walter.

Share this post


Link to post
Share on other sites

Thank you very much Janice. Great article and I agree with you 100%. Professional traders love the game more than anything in the world. The markets to me is a Goddess. Sometimes she treats me nice... other times she gives me a headache. But in the end, I love her so much that each day when I face the markets I tell myself... "Man, I love this job so much and feel so fortunate to have found trading." It is so important to feel good about yourself as you approach the market. Love the game and it will love you back. :)

Share this post


Link to post
Share on other sites

Thank you Dr Janice

The financialsense page has a link at the bottom to 15 archived articles.

 

<<If I can do it, you can do it.>>

I tend to think that way too, yet invariably people seem to run in the opposite direction from a challenge. Something very "rat brained" seems to instinctively shut out opportunity, keep us with what we know or want to believe in, the comfort of the known.

 

Enjoyed the talkback radio clips on your website, remarkable performance Dr J, you are certainly one who rises to a challenge.

Share this post


Link to post
Share on other sites

Thank you all so much for your encouraging comments. I appreciate the feedback very much! Please keep learning and studying. For those on my free mailing list, I just sent out "Finding Your Trading Edge" which gives an introduction to the behavioral ( cognitive) biases which underly the concepts of support and resistance.

 

 

Thanks Again for your great comments and support. I am grateful!

 

Doctor Janice

Share this post


Link to post
Share on other sites

Thank you all for these great comments. I did a video earlier this year about the Market Mistress and Getting Your Trading Brain Out Of The Cave. I think there is a short ( poor quality!) video clip on my site ( PLEASE ignore the promo material as I am not trying to sell anything to you). Let's see if I can find the link.

 

Here is it: Video #2 is a clip about The Market Mistress:

 

http://www.thetradingdoctor.com/video/jan07/

 

Thanks!

Doctor Janice

Share this post


Link to post
Share on other sites

Very inspiring article, Janice. I appreciate your perspective. I have long suspected that a certain childlike purity of spirit is at the heart of every successful trader. A trader cannot be treacherous, because we tend to fear being victimized by the very evils we ourselves are guilty of. No one worries more about being robbed than a thief. No one worries more about being proved a phoney more than a fake. Guile leads to guilt and guilt leads to fear.

 

The fearful worry more than any about being scared. Why are they scared? Because at some level they believe what they are doing is wrong. This is why it is so true that a trader must believe he is meant to trade. You can't "try" trading. You have to do it. As Yoda said, "Do. Or do not. There is no try."

 

In short, you have to become like a little child to enter the kingdom. That may sound like too much, but I think there is something to it.

Share this post


Link to post
Share on other sites

Thank you, GCB. That is very powerful. I believe that true traders and "called" to trading. It is a deep and powerful passion. Trading is really a enigma wrapped in mystery, wrapped in a puzzle, wrapped in an open adaptive and constantly-changing system. Traders are conflicted at a deep level because they want to make money, yet they realize that in order to do so, they must take money from others. I heard a very wise and very old ( 85 yoa) the other day who said that traders must be childlike, humble, grateful and have killer instincts.

 

Now, that is asking a lot, I think! It requires one to be a chameleon, to deal in an environment of deception and yet be willing to believe and trust, to humble oneself at the feet of the market mistress, to be grateful for the gifts received from the mistress and to be ready to strike with the ferociousness of a wild animal.

 

What a combination!!

 

Thanks!

 

Doctor Janice

Share this post


Link to post
Share on other sites

I am treading on the fine line between blind faith and perseverance while I am trading now. On one hand, I think trading is just an impossible way of living, especially after few days of consecutive losses and on the other hand, I believe trading is a call on me.

 

I have been trading professionally for the last 3 years without any other source of income. I must say I have not been very successful in my trading even until now and recently have always been thinking for giving up trading professionally altogether and try something else.

 

But my self-believe that I can make it in trading someday and somehow perseveres me to continue trading even though I have been digging into my saving to feed my family because my trading incomes have not been reliable.

 

I have read yr article and it has encouraged me to stay on as professional trader because at the end of all things under the sun, I just wanted to be a trader and a successful one by my definition. I just wanted to know myself that I can be a hero inside myself. Does that make sense? I am not so good at English.

Share this post


Link to post
Share on other sites
I just wanted to be a trader and a successful one by my definition. I just wanted to know myself that I can be a hero inside myself. Does that make sense?

It makes a lot of sense to me Hechua.

You are not alone here, this is a good place to be.

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

    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • What a wild year.   AI seems to be appearing everywhere you look, Paris hosted a weird Olympics, unrest continues in the Middle East, the US endured a crazy-heated election, and the largest rocket ever to fly successfully landed in a giant pair of robot arms.   Okay, but what about the $money stuff?   Well, this year we've seen a load of uncertainty - inflation is still biting and many businesses have gone down.   Property has been very fractured, with developments becoming prohibitively expensive, while other markets have boomed.   It hasn't been an easy ride, that's for sure.   However, the stock market has had some outstanding results, and for those who know how to trade, some have done VERY well for themselves.   Some have replaced their incomes. Some have set themselves up for the rest of their days on this planet.   How about you? How did you go? Author: Louise Bedford    Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • U Unity Software stock watch, attempting to move higher off the 22.4 triple+ support area at https://stockconsultant.com/?U  
    • TSSI TSS stock, watch for an ascending triangle breakout above 11.49, target 15 area at https://stockconsultant.com/?TSSI
×
×
  • Create New...

Important Information

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