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bluerider

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Posts posted by bluerider

  1. Misunderstanding Trading Emotions

     

    Sometimes I think if I hear one more person say you have to control your emotions, that I won't control my actions!

     

    ONE MORE TIME - has an emotion alone EVER made or lost a dime?

     

    ... you tell me.

     

    Now this is the problem gang - somewhere in the mid-20th century the psychologists all started talking about BEHAVIOR ... and then they added COGNITIVE or "the intellect". They ditched the subject of emotion altogether...

     

    But alas, they were and are wrong and with every passing day, the whole view on the value of emotions, the need for emotions, the role of emotions gets not only resurrected but promoted - at least in the cutting edge labs of the brain.

     

    So... how about traders who want an edge deciding that instead of believing the old outdated dogma and in turn DEBITING any trading edge they may have (by inadvertently blocking their perceptual apparatus), those who really want an edge deciding to create the CORRECT psychological one? It starts with knowing:

     

    1. The only thing you need to control is your actions.

    2. Feeling and analyzing your emotions - whatever they are - and getting to their roots, is the easiest way to control your actions.

     

    No if ands or buts about it.....

     

    Feelings and emotions are DATA - data to be understood. Your conscious and unconscious brain uses them every moment of every day. To try to override this, sets you up to fail.

     

    One the other hand, if you pay just as much attention to the psychological or feeling context (mental state) you bring to the day, to the decision ... you have given yourself a self-created edge that /will/ add up at the end of the year!

  2. "James de Wet" used to manage accounts through FXCM

     

    My brother had an account that was manged by him

     

    the account was $230,000 and in a few short months the

     

    balance was $27,000

     

    He was getting paid whether he made a loss or profit from the commissions

    he was making good money while he was losing millions for other people

     

    needless to say FXCM stopped using him for an account manager

     

    I think there was some court action against him don`t know how it turned out

    my brother did not get anything back.

     

    whether James de Wet has learn`t anything since those days

     

    it was around 2004 maybe 2005

     

    "Those who can`t do Teach"

     

    and really would you buy from someone who can`t do.

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