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Too Strict Rules / Over reliance of Indicator - Affecting Psychology
C ROD posted a topic in Day Trading Journals
Hi everyone, (sorry if its a long post, just want to get my thoughts out and see if anyone has comments) I wanted to know if there was a topic or experience someone has had on having your rules too strict & it affecting your trading? June 23: I was on SIM / QR (Quote Replay) for 4 months (took about 60 trades) and had a profitable edge at the end of those 4 months so I decided to go live. In the first week I had a decreasing equity curve (8 trades over a week) and no green trades past 2R. Firstly, I re-evaluated why I was losing and thought I was not choosing the same stocks as in my SIM/QR. So and went back to compare the trades I was doing before, I made some small tweaks to my trade book (added more required confirmations) and went back to live. Another 4 red days in a row. July 6: Next I thought it was my psychology because I was breaking a lot of my rules , I ended up finishing Trading in The Zone (which is a great book) and I began to understand myself more. I thought I was breaking my rules because I thought I was outsmarting the market and ignoring my rules because I expected the market to behave how I wanted to. (Which was wrong and since thing have fixed this mindset; I truly believe the market is unpredictable and must follow my rules like a casino). Went back to live and 3 red days in a row. July 28: At this point, I'm like wtf man. So I dig deeper into myself and my 4 months of SIM & I think have found the source of my problem. During my SIM / QR training I tried many different strategies but really enjoyed (& saw the potential) trading at open specifically 60 min Breakouts. Using Aiman's tradebook as a starting point, I began just focusing on these set ups. During this training I still felt unsure about the direction of the breakout can go and felt it was very random. I wanted to know which direction it would go and predict it well. In order to fill this fear of entering into a "wrong trade" I went to learn more about the market. (I know understand this was a wrong mindset because I was looking for certainty in the market where there is none.) Doing some youtube searches I came across the MACD Indicator and instantly loved it. It made me feel more confident and certain in my directions / timing of breakouts; so I added criteria to my tradebook based upon repeating (successful) MACD patterns on the 60min chart. Maybe around month 3 of training I added these criteria. Solution: Looking at all my recent live trades in retrospect I think my problem for not being consistently profitable is my over reliance on the MACD indicator in my 60min BO tradebook and too many other requirements to enter a trade. By having created such a strict tradebook (to compensate my previous fear of uncertainty) I have created another psychology problem in my trading. I have been breaking my rules many of the times in LIVE because I simply can't find stocks that match perfectly with previous MACD patterns and other requirements to enter a trade. Next Steps: 1) I am going to stop trading LIVE for now and really review all my trades I have previously taken in SIM / QR. 2) I am going to remove the MACD indicator from my charts and tradebook. Then I will need to re-trade all my trades again to see if I truly have a winning edge. (I'm pretty sure I do but numbers don't lie so I need to redo my stats to make sure before I go back to live) 3) Instead of over relying on the MACD indicator, I'm going to continue improving my daily chart patterns and selection. (Which I have improved a lot in the past weeks) 4) I want to get more feedback / advice on how I should go about adding requirements or rules to my tradebook. For instance what I have been doing is cross refencing criteria on all my trades and analyzing common patterns (ex. Do not enter if 8am 60min candle is Long Wicky Hammer) because I noticed the stock never went my way (4 out of 4 times the candle appeared) so I would add that to my tradebook to avoid. In retrospect, I do not know if by adding avoiding criteria is in fact a psychological compensation of fear avoidance or if its smart because it will save me money. Note: Quote Replay was used for trades during Jan 2021 - Feb 2021. See my tradebook for ref. Any feedback on my entry would be super helpful! (Takeaways: over reliance on indicators, too strict tradebook, thoughts / experiences of adding a rule to an existing tradebook based on failed trade(s) / pain avoidance) ChristianRodriguez_TradeBook.pdf- 1 reply
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This is my first post in the community, I have been a member for approximately 8 months, been live trading for 4 months. I did a three month simulator, went live and then back to simulator for 2 months, now I am back live. In our community we put an emphasis on the psychology of trading. The more I explore this topic the more I realize this is the trenches of trading and it where battles are won and lost. A question was recently asked to me about "What is my relationship with money?", I have been genuinely thinking about this long and hard for nearly couple of weeks now and have been struggling to find a definitive answer. A little bit about my background, I grew up in a not so money wealthy family, but with all my family around it was never a belief that we were poor. There was never a shortage of anything and my mom worked hard to raise my sister and I. My father came into my life after we moved to the States from England and that is when money was a factor. At 8 years old it was the first time in my life I was away from the comfort of aunts, uncles, and cousins, everything was about money. My dad had a modest job, but was not earning a lot of money and that was the reason why he immigrated to the United States from England was to find his "American Dream" or what he felt it was. For the first time my mom was not working and everything went through my dad. He did not deal with the stress of having a family with the financial obligations it required too well. He had left England when I was 3 years old and did not have to worry much about a family for a long time. Now he had two kids and wife, who he needed to support and each had different needs. He was struggling, which at times led to a lot of arguments between my mom and him, I had never seen a husband and wife argue as my aunts and uncles must have done in their homes when I was not there. However, the argument always had something to do with money. I think this was the first time I ever felt that money was important as I did not have family around me to take my mind of it or out of focus. Time went on my dad achieved his "American Dream", with successfully buying and running 6 pizzerias. Money was coming in from all directions, we did not even know what to do with it. I was now 17 years old getting ready to graduate high school, it was not an issue of if my dad could buy me a car, it was which car did I want. Few months prior to graduation disaster struck, my folks were getting a divorce as my dad had let the money create divide between the family. He was king of the castle and ruler of all, he had money therefore he had the power. My parents split and my sister and I stuck with our mom as we had a strong enough relationship with her. My dad took all the money and disappeared, now we had no money. I started to despise money as I felt it was the cause of my family splitting up, but you still need money we did not have any. What a conundrum, I need the thing I despise. Further time has gone on, I have become financially independent and money is no longer an issue for me. I still struggle with losing money in trading even though it is small amounts, it bugs me. Why so much, why does it bug me that I am losing small amounts of money? It was expected, I knew it would be a part of the learning curve for day trading. I had established a business plan that stated if I stick to my discipline I would lose "x" dollar amount every month max and I would gain "x" dollar amount a month max. I realized through my journey to answer the question above "What is your Relationship with Money?", I do not lose money, it was taken from me and I take that personally. Which then takes me back to my parent's separation when money was an issue for me for the first time in my life. To combat this I came across a Ted Talks speech that I wanted to share the link is below. I need to not take losing money in the market as a person jab or insult to me. I need to look at it as, if I have done everything right, if I have followed my trade book, it just was not my day. The market was not out to get me, it was just a matter of circumstances that did not pan out. I would love to hear if anyone has had any similar issues and any feedback for other coping mechanism is most welcome. Thank you all for taking the time to read my post, it was probably a lot of info, but I wanted to share as much to get the most amount of feedback. Thank you again.
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I was browsing Farnam Street when this article caught my attention: What You Can Learn from Fighter Pilots About Making Fast and Accurate Decisions about the OODA loop, a practical concept designed to be the foundation of rational thinking in confusing or chaotic situations, developed by strategist and U.S. Air Force Colonel John Boyd for fighter pilots. OODA stands for Observe, Orient, Decide, Act. Boyd intended the four steps to be repeated again and again until a conflict finishes: 1: Observe The first step in the OODA Loop is to observe. At this stage, the main focus is to build a comprehensive picture of the situation with as much accuracy as possible. A fighter pilot needs to consider: What is immediately affecting me? What is affecting my opponent? What could affect us later on? Can I make any predictions, and how accurate were my prior ones? A pilot’s environment changes rapidly, so these observations need to be broad and fluid. And information alone is not enough. The observation stage requires awareness of the overarching meaning of the information. It also necessitates separating the information which is relevant for a particular decision from that which is not. You have to add context to the variables. The observation stage is vital in decision-making processes. 2: Orient Orientation, the second stage of the OODA loop, is frequently misunderstood or skipped because it is less intuitive than the other stages. Boyd referred to it as the schwerpunkt, a German term which loosely translates to “the main emphasis.” In this context, to orient is to recognize the barriers that might interfere with the other parts of the process. Without an awareness of these barriers, the subsequent decision cannot be a fully rational one. Orienting is all about connecting with reality, not with a false version of events filtered through the lens of cognitive biases and shortcuts. Including this step, rather than jumping straight to making a decision, gives us an edge over the competition. Even if we are at a disadvantage to begin with, having fewer resources or less information, Boyd maintained that the Orient step ensures that we can outsmart an opponent. 3. Decide Having gathered information and oriented ourselves, we have to make an informed decision. The previous two steps should have generated a plethora of ideas, so this is the point where we choose the most relevant option. Boyd cautioned against first-conclusion bias, explaining that we cannot keep making the same decision again and again. This part of the loop needs to be flexible and open to Bayesian updating. In some of his notes, Boyd described this step as the hypothesis stage. The implication is that we should test the decisions we make at this point in the loop, spotting their flaws and including any issues in future observation stages. 4. Act While technically a decision-making process, the OODA loop is all about action. The ability to act upon rational decisions is a serious advantage. The other steps are mere precursors. A decision made, now is the time to act upon it. Also known as the test stage, this is when we experiment to see how good our decision was. Did we observe the right information? Did we use the best possible mental models? Did we get swayed by biases and other barriers? Can we disprove the prior hypothesis? Whatever the outcome, we then cycle back to the first part of the loop and begin observing again. Boyd developed this strategy for fighter pilots. However, like all good mental models, it can be extended into other fields. So I googled OODA and Day Trading and our good buddy Brett N. Steenbarger, author of The Daily Trading Coach, came up. Right in his website there is this 11 page article "Trading as Mental Warfare" (a new window will open to download a .doc file). In this article, Steenbarger explains how trading, like the battlefield, offers an environment typified by risk, danger, and uncertainty, rewarding the efficiency of mental processing. The successful trader is one who can rapidly observe market conditions, orient himself, integrate information into effective decisions, and quickly act upon those decisions. So, lets watch Top Gun again!- 4 replies
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The feeling of never make the perfect trade
Gonçalo Ribeiro posted a topic in Bear Bull Traders - Members Only!
Hi All, I have an inner feeling which I would like to know if someone else relates... Every time I take a trade, I end up with a feeling that did not make it in the right way... Or the entry was not perfect... or the exits were not good... The sizing up could have been done differently... the set up was not an A+ one... Even if a trade turns green, there is a lot in it that tell me "damn it... it could have been better"... I have noticed that this feeling leads me to jump into other trades which end up even lower quality, and ultimately, this reasoning process repeats now at an increased rate... To sum up, all of us look for trades we can be proud of. In my case, I have never felt it even though take green trades. And I have a feeling that seeking for that clean, picture perfect trade where you capture all its essence at fullness is actually interfering with my ability to keep composure while trading. Does someone relate to this? Thank you everyone, ps: my first post and hope to bring other contributions to future discussions 🙂 -
Good morning BBT, Something that I am interested in discussing is what people's opinions are about trading either the long side or the short side of the markets. I'm interested in the difference in strategies for both day trading (short-term), and swing trading (long-term). I find that I am biased to play the long side for short-term trades, and then the short side for more longer-term moves. My father was a stock broker and trader during the 80's and 90's, and he was always a short side kind of guy, constantly paying monthly premiums to hold position, but seriously cashing in when the price broke and fell hard, with profit well exceeding his total expenses paid on the position. He was very much influenced by the theory that fear is a more potent emotion than greed, and that while not every fearful person gets greedy, every greedy person does experience fear. I'd also like to see a discussing about the psychology behind this. What is the psychology of trading the long side during short-term moves, or during long term moves? Vice versa, what is the thought process of someone that takes the short-side during the short-term, or long-term. What does everyone else think? - Andrew from Jersey aka Tracksuit Trader
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Hey Everyone, The power of the BBT community is greater than anyone person, so I am seeking the assistance from everyone in community for ideas of what type of psychology topics, services, or other items you would like to see BBT offer. What do you like, what do not like, what do you want to see. I listed a few to start the conversation but I am really looking for ideas from the community. Do not be afraid to throw out an idea, if we don't know what you want we can't see what the feasibility is. - Psychology Lessons - Having a Trading Psychologist available for members - Live Psychology Lessons or "How to" Webinars Looking forward to all the great ideas and thoughts on the above.
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Hi all, I'll make this simple: at the moment, I'm at a stage of my daytrading career where I feel that the fear of losing is holding me back, i.e. the fear of pulling the trigger on a trade where I can see that I have some edge. Anyone have suggestions to resources/tips on how to overcome this? Would like to hear your opinion on this issue, since I'm most likely not the only one dealing with this. Thank you in advance! Br., Jimmy (Gordon - my middle name - in the chat)
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Feeling okay about feeling bad is good for your mental health...
Abiel posted a topic in Building Mental Resilience
Article about three studies that highlight the benefits of accepting emotions and thoughts, rather than judging them, on psychological health. When a stressful situation causes negative emotions, accepting feelings of frustration or upset — rather than trying to pretend you’re not upset, or beating yourself up for feeling this way — reduces guilt and negative self-image. Over time, this will in turn lead to increased psychological health. Feeling okay about feeling bad is good for your mental health -
Hey guys. I just wanted to put together a little document on what I have been doing to learn the /ES. This isn’t exclusive to futures, this is for ALL trading and for those looking to give themselves the edge and to take their trading to the next level. This document is for beginners as well as jaded traders such as myself. The point here is you need to adjust how you view the market and change your thought processes. Recording Trades This may seem like a no-brainer, but not many people do this. I didn’t realize the power of recording the market until I started doing it. There are plenty of free programs out there (I use Open Broadcaster Software, OBS: https://www.obsproject.com). Since I am only trading 1 instrument, I just need to record my primary monitor. If you are trading equities and use several monitors to trade from, this may become a bit of a challenge. However, you should really only try to focus on 1 stock as it is anyways. In this case, you can record the screen that you are trading from. The other option is, just record 1 screen and ONLY trade from that screen. I also highly recommend that you record the entire day’s action, even if it’s just 1 stock that may die in the middle of the day. The reason for this will become clear in the next section. But the point here is that you NEED to be recording what you are doing, because in the heat of the moment, you don’t always know what is happening, but the recordings can help you with that. Reviewing your Trades If you record your trades, like I mentioned above, then you absolutely need to spend time reviewing your trades. I know many people here simply copy and paste their trades into their journals, put in a little blurb about what they saw happen, then never go back or care to look at it again. While this is good in practice, unless you are actually reviewing your trades in depth (and you are able to remember what was happening and going through your head at that time), there’s really no value to the journaling; you need to review! This is where the recordings come in. I mentioned in the chat that I record the entire day then I go back in the evening and re-watch everything. While this may seem a bit extreme, this is the only way you can improve your skills. Why? Well think about it this way, in the heat of the moment while the market is open and you are trying to trade, do you think you are really seeing every possibility? Are you seeing the probable outcomes of your trade? Probably not! Furthermore, you are under the “gun” so to speak of getting in at the right spot, managing the trade and exiting with a profit or a loss. This all happens at lightning speed and sometimes, you don’t even have a second to think about what is happening. When you re-watch the recordings in the evening, you are more relaxed and you can observe A LOT more of what is happening in the market/with your trade than you can while it is happening in real-time. Even doing your journal review at the end of the day, you are still a little stressed from the day and may not remember/see everything that you thought you remembered or saw. This is especially true for a really bad day. You do not need 6 and a half hours at night to literally re-watch what you already saw earlier in the day. Instead, scrub through the recording (this means taking the time scroller and moving it to different sections of the video) and find important points in the market action. Areas of major support/resistance, technical levels, VWAP, moving averages and most importantly, reversals. If you focus on these areas exclusively, you can start to see what is happening at these key spots and learn what to look for. Also, do not do this right after the market closes. You need a few hours to decompress after 4PM EST. If you jump right back into it, your mind is still going to be fried and you will be missing out on key points, so take a break and do this after dinner and before bed if you can. The recordings allow you to calmly review the market action, what you did right and what you did wrong and learn from what you are seeing, which leads me to my next piece. Taking Notes Of course, we all went to school at some point in our lives and had to take notes on what the teacher or professor was telling us. Or, we read several textbooks and took notes on that. Trading is no different. We are in school essentially trying to learn a rather subjective subject with about a million variables going on at every microsecond. But, there is a lot of information in all of this noise and by taking proper notes, you will be able to find small pieces of information that can help you gain your edge. Now, taking notes, trying to trade and also watching the market is literally impossible. Some people use dictation software and speak into a microphone that records their statements either into a document or just a voice recorder. This is an incredible process! I tried it but the dictation software didn’t understand me and since I hate the sound of my own voice, re-listening to myself is impossible (yes this is petty, but something about my high-pitched nasally voice drives me batty). However, if you have a pen and paper available and you can quickly jot down a quick note, even if it’s an important price level where you saw a large order get executed, will still be very helpful. However, what I am getting at here is if you do the recordings like I mentioned above, then you will have a much easier time taking notes when the market is closed, you are relaxed and you can focus a bit better on the action. You would be amazed as to how much information is out there when you are able to sit back, relax and just watch and take simple notes of what is happening. However, I have found an even better way of note taking for trading which is in the next section. Asking the right questions Everybody learns at different paces and via different styles. One way of learning that I felt has been dramatically helpful for me is simply asking a question then finding the answer to it. While we can read books, watch videos and listen to others talk about their trading, until you truly understand the “why” or the “how” you are just blindly following somebody else around and this will get you into trouble. When you are unable to look at the market from a purely objective perspective, then you cannot understand what is actually happening. I’ll get into this more in the next section, but it’s important to discuss here. If you come up with questions about things you are seeing or things you are not understanding, then you will be forcing yourself to find the answers to those questions and forcibly build your knowledge. Because now, you are seeking the answer instead of being told simply “look for this”. Well, “how do I look for this, why do I look for this?”. Here’s an example: “Do value areas and High-Volume Nodes (HVN’s) on the DOM (Depth of market) provide entries and price targets?” This is a question I wrote down on my notepad and I am working on answering. Another question you can ask yourself is “How strong is the VWAP in AAPL? Does AAPL respect its VWAP?” Or, “What happens when a large order is executed on Level 2? Does price retrace then try to retest that price again? Is price being held down by a large player”? It is then your job to find the answers to these questions. You won’t find the answers in one day or in one recording, but now you have something to work with. Just sitting at your screen, watching the live market or even a recording without any direction or guidance isn’t going to help you. I know because I spent 4 years doing this. Sitting at the screen and trying to make sense of what is going on with all of this noise. Well, by not having questions to answer and trying to seek the truth or answers within the noise, I just sat there and wasted my time getting lost in all of the noise of the market. Get a pad and a pen, write down your questions then watch the market live and most importantly, watch the recordings and find those answers. Once you find the answers to your questions, watch how your trading changes. Charting your own path (pun-intended) I mentioned above that most of us like to follow something blindly, especially in such a complicated environment as the markets. But you need to learn to think for yourself and think objectively. As humans, we need structure. It’s how our brains work, it’s how we live our lives – with structure (and lots of it). We are logical beings and we need “rules” in order to function properly. Everything in our lives has structure and a set of rules. Driving, working, sleeping even eating. There is structure and rules in place for everything in our lives. Trading is no different. So, we seek out ways to find rules that say “If a then b”. Well, I hate to break it to you but most rules don’t work. The market isn’t about absolutes. Far from it. There are millions of people in the market place (as well as machines) all making decisions based on their subjective point of view of what they “think” will happen. Sure, some people do have rules and I am not saying you shouldn’t have any rules – quite the contrary, but you need to understand that just because you have a horizontal line on your chart from a higher-time frame doesn’t mean that price is going to touch it to the penny (or tick) and bounce off of it. This happens, but usually, you have larger players that know that all retail traders are looking at that level and most people have stops there. So, the large players will throw a bunch of money at that zone to break it and trigger the stops, then take the money from the stops getting hit and push price back down and even further lower. Well guess what your “rules” told you… “let’s go long when price breaks this level”. Guess what just happened? Johnny Stock at Goldman just pushed price through the level, trapped you (and millions of others) into a failed trade, then sold it faster than cold water on a hot day, just to get a better price. This happens all the time. This is why you need to answer QUESTIONS rather than have rigid rules that tell you A=B. Because that’s not how this works. Yes, rules for stop losses and profit targets are critical and you can be somewhat rigid on those, but just understand that you need to think for yourself in this and develop your own way of viewing the market. Having somebody like Andrew at your disposal is critical because while I encourage you to answer your own questions by putting in the time watching the recordings, Andrew can absolutely help you in getting the answer a little bit faster and even assist you in finding that answer. And it’s not just Andrew, anybody here in our wonderful community can answer your questions. We are all here to help one another out and to work together. I implore you to come up with some questions (only after you have watched the markets long enough and watched some recordings) and find the answers to those questions. Everybody is different and the questions and answers you have may not work for me, but that’s quite ok. We are all here to build knowledge on the market and to most importantly, learn for ourselves and develop our own style of trading. While it is impossible to master the market (anybody who says they have is full of themselves), we can certainly take advantage of certain imbalances. If you think you mastered the market, you have a rude awakening coming because the market is impossible to master and will put you right back in your place. But put in the time and effort, and you will be rewarded. Do not look at trading as a way to get rich quick or start making tons of money, because you will just lose tons of money with this mindset (I know from personal experience). Treat the market like it’s a school and a game that you need to learn the strategies of. Approach it like this and follow what I said above and you will reach success IN TIME.
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How Much Dopamine Is Too Much For a Trader? Some on the Street like to talk about how making money is "in their DNA." But it's always surprising to see what turns up when real scientists actually look at traders' chromosomes. In the latest such study (via Wall Street Journal), two researchers at Claremont Graduate University's Center for Neuroeconomics Studies found that the most successful traders had a "moderate" amount of dopamine — not too much, but not too little. The study profiled 60 New York City-based institutional traders, looking at whether certain alleles (how genes are expressed) are more common in successful traders than a control group. They used a simple but intriguing measure of success: tenure on the Street. Analyzing returns, they argued, would not provide enough accuracy since returns depend on a host of factors. Instead, they reckoned that longevity would correlate with an ability to "weigh risk and reward, rather than [take] excessive risks." They found that traders do indeed have more elevated levels of dopamine than the general population, but also have greater levels of genes that control risk behavior. But there's hope: They also found the dopamine system can be trained to better assess risk and reward in the context of trading. Their conclusion: the loudest guy in the room is not necessarily the best: Our results suggest that using a history of risk-taking and competitive behaviors when hiring traders could be a mistake, though this is often done. Having too little or too much risk-aversion is not associated with success by those in our sample; rather taking a balanced level of risk appears to be optimal.
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The week just finished was rough, and some BBT members were hit by the market, I just read this article in today´s StockTwits newsletter, good reading for everyone. Insights into Breaking a Trading Slump By Ross Heart Ever been in a slump? A bad one – a really bad one? If you’ve invested in the markets for an extended period of time, you likely have had a trading slump or two. There’s no way around it and despite its discomfort, trading slumps are an inevitable component of investing. Eventually everybody gets stung and regardless the systems, process, and disciplines that traders (or investors) follow, strategies are not infallible, and stretches will invariably pop-up out of nowhere where you can’t seem to buy a hit… the dreaded trading slump. Whether I was in a slump or feeling badly or having trouble off the field, the only thing to do was keep swinging ~ Henry Aaron If you’ve found yourself in this situation the first thing you need to do is acknowledge the trading slump, and immediately determine the overriding goal is to simply get through it as unscathed as possible. Second, try to define the nature of the slump you’re currently in. Are you missing opportunities? Are current positions not working and giving you fits? Do you find yourself missing major moves? Are you deviating from your normal processes? Or are you the proverbial deer in the headlights and too frozen to act? Every situation (and person) is different, but once you’ve acknowledged the trading slump and defined its nature, I would suggest not disengaging from the markets. As tough as this may be, try to keep yourself involved, but definitely try not to press. Sidenote: I would overwhelmingly encourage you to disengage from individuals and commentary that appear to be endlessly right about everything. These people add nothing more than frustration, and frankly, they may likely struggle the most when tides turn. Staying involved and abreast of the markets, however, does not mean taking a couple extra hours of batting practice in the cage. Trading slumps are mental, so try to increase breaks, walks, naps, exercise and other stress reducers in an effort to allow your inner pressures to subside and your subconscious mind to strengthen. Re-developing the confidence and level-headedness needed to deal with volatile markets on a day-in day-out basis will likely take some time. Remember that patience is your friend. Start to go back and examine stretches in a trading journal where you ripped the cover off the ball, and try to recapture your state of mind. Re-read classic investing books and understand how and why Hall-of-Fame investors have gotten to where they are. An over-riding and underlying message that you’ll likely reacquaint yourself with is that frankly, there are no easy answers. Hank Aaron’s quote may not translate perfectly to investing – you don’t receive an unlimited number of at bats but you can wait much, much longer for the really fat pitch. The important message though is that slumps are merely a natural part of the game. Ironman Cal Ripken Jr. once played on a team that started a season 0-21, and also endured a painful 1992 season, in which he batted .190 over a 73-game homer-less streak. I’m guessing the key for Ripken was similar to a slumping investor – show up every day and grind it out with that underlining goal of merely getting through.
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Mark Douglas trade psychology seminar on youtube
Patrick O posted a topic in Psychology Resources/Journals
If you haven't heard of him, Mark Douglas does a lot of publishing and training in trading psychology. Here's a link to one of his trading seminar videos on youtube. Video 1 of 4 Video 2 of 4 Video 3 of 4 Video 4 of 4
