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Analytical Skill is #1 , Douglas books are a waste of trees imo , each to their own , Method based on empirically proven , statistically significant evidence is where its at , without probability you have nothing . RULES
I guess you might also find the Law of Attraction useful too, right?
Dream on. Without the necessary trading skills you will never, ever succeed and fulfill your dreams. Period.
Trading psychology is important, but only after learning how to trade. Make good money on the simulator first, while learning how to manage your emotions, and then trade live - continuing your emotion management training!
You may have years (decades?) of internal mind programming to undo in order to succeed. Not gonna happen through a winning attitude alone.
Wake up my friend and stop wasting your valuable time.
It is amazing that you guys get so hung up on words like “analytical”. Rules and probability is exactly what Douglas teachers are the primary sources of developing a winning attitude. You put the cart before the horse when all you care about is methodology. Maybe you don’t have a problem with emotions and maybe you’re making tens of thousands of dollars per day. More power to you, I’m happy for you. Keep doing what you’re doing but don’t bother trying to tell me that analytics is the key to success. Because it is not. Never have been never will be.
You sound like a rude and ignorant person Rick. If your emotions and beliefs and attitudes are all out of whack, how can you trade your way into success with a great methodology??? Why would someone want to get the methodology right first, instead of those emotional issues? Sounds like you’re just trying to mislead and trap people into an approach that will never work.
Oh and by the way, it does not take years to undo emotional issues, and wrong believes, and negative attitudes if you know the CORRECT approach for changing them. It does take time, and effort, and energy but not years of losing trades like yours. You may enjoy being a total loser, but some people have figured out the correct approach to becoming a successful consistent winner.
The first step of course, would be NOT listening to people like you.
What I did say is that Douglas is teaching exactly what you are talking about, but you are dumping all over him and dumping all over me for no good reason.
It does not sound like you have any specific point at all other than dumping on people.
Dude i never got personal you did , i gave an opinion i said each to their own , dont make something out of nothing
" don’t bother trying to tell me that analytics is the key to success. Because it is not. Never have been never will be. "
^^^^^^^^^^^ your words , i think you might be incorrect but thats ok , relax man go read that waste of trees and stay positive . books full of anecdotes and subjective crap arent my thing , its yours and thats ok as well . Do what makes you happy but if you are only into confirmation bias dont get bent out of shape and get all hurt when its non conforming . It wont change shit . good luck stay positive , save a tree ...
OK Homie, no problem. I was only trying to be positive about the subject of psychology on a thread that is about psychology and it’s positive aspects on trading.
Trading: Emini ES, Emini RTY (TF), Crude CL, Eurex DAX, Euronext CAC40, EuroFX 6E, and Hang Seng HSI
Posts: 47 since Mar 2011
Thanks Given: 125
Thanks Received: 61
Hi,
If you're not using automation trading...psychology and analytics becomes important. Yet, analytics must be defined as in if the trader is using a method that's been backtested, if the trader is using a method that has quantitative statistical analysis of simulation trading and real money trading.
In fact, I strongly believe that the analytics & psychology can work together and help each other if the trader documents both. The trader can then use that info to make adjustments in their trading that's beneficial.
Yet, at the same time, a book or books on psychology alone will not be helpful if the trader does not understand the statistics of their trading.
Would you mind telling where you learn to become an EFT? I'm interested. I did go through the TBM with a former chiropractor before in Dallas and also myself is a Reiki practioner. However, I don't find these two are enough for me either. I'd like to check into this EFT. Please tell me more about it. The time it takes to learn and the duration when you feel your amazing transformation even though it could be very personal based. Thanks in advance.