Psychology

Audio Piece: The Walking Man By, Ken Long and Bill Scheidt

Genius of rhythm, Bill Scheidt, has paired up with Ken Long to present, The Tortoise Album. In this track, we hear about The Walking Man and His Five Ways of Knowing: Head, Heart, Gut, Hands, and Feet, on the chosen path. “It’s an ongoing dynamic cycle of life and an ecosystem that shapes who you are and which is shaped by who you are and what you’re becoming along the way… Looking forward to our journeys together” —Ken https://youtu.be/GkVI3hKll6k

Tactical Trading Tip: The Psychology of Standard Work in Trading By, Dr. Ken Long

In our planning process, we seek to develop a list of tradeable targets that are in a critical state. In a previous article, I described a critical state as being postured to make larger than normal moves, in either direction, in shorter than average periods of time. We use our set of indicators to identify these through a statistical lens against historical norms. Once we have a manageable set of potential targets, we enter the preparation phase. Here we develop detailed decision points that offer favorable reward-to-risk ratios that give …

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How to Raise Your Self-Esteem By, Van K. Tharp, Ph.D.

Many schools of psychological theory involve the notion that individual personalities are made up of many different parts. It doesn’t matter if this is true or not. What is important is that using this notion of many different parts is USEFUL. If you are a frequent Inbox Coaching reader, you have heard this before. Today, I would like to continue on with this topic and cover the next level—self-esteem. If you understand the parts paradigm, you can probably see how your parts can have a profound effect on your trading. …

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How Competent Are You as a Trader? By, Van K. Tharp, PhD

How good are you as a trader? Do you make money every year? Do you make any money at all? Can you live off your trading? Maybe you make money, but not enough to cover all your trading expenses? Or, perhaps you made a lot of money once, lost it all (and then some), and now you are just trying to get it all back. Is that you? Considering all the questions I just asked, rate your competence as a trader on a one through ten scale. Let’s say that …

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Benefits of the Van Tharp Institute Educational Programs Part IV: Benefits 28-40 By, Van K. Tharp, PhD

Let’s continue to explore the benefits of our educational programs at the Van Tharp Institute in this final series installment. Benefit 28: Understand the Impact of Market Type When you apply systems thinking to the market, there are three primary systems that influence your trading success[1]. Those three systems are your trading system itself; your beliefs about the market and how it works; and the market type itself. These are shown in the diagram featured. For you to successfully trade, you must have a system that fits you (your beliefs, …

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Benefits of the Van Tharp Institute Educational Programs Part III: Benefits 15-26 By, Van K. Tharp, PhD

Let’s continue to explore the benefits of our educational programs at the Van Tharp Institute. Remember that one of our major goals is for you to develop Stage 5 Awareness in which you understand that your experience is an illusion that you create through your beliefs and judgments. By the time you reach stage 5, you should also find the joy inside of you and be happy for no reason. Benefit 15: Design Your Dream Life So You Can Live It When you design your dream life, you ask yourself …

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Benefits of the Van Tharp Institute Educational Programs Part II: Benefits 11-14 By, Van K. Tharp, PhD

In this article, let’s continue exploring the benefits of our Educational Programs at the Van Tharp Institute. You may remember from Part 1 that one of our major goals is for you to develop Stage 5 awareness in which you understand that your experience is an illusion that you have created through your own beliefs and judgments. By the time you get to Stage 5, you will be able to find joy inside of you and be happy for no reason. Benefit 11: Clear Out Repressed Emotions and the Beliefs …

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Benefits of the Van Tharp Institute Educational Programs Part I: The First Ten Benefits And Stage Five Awareness By, Van K. Tharp, Ph.D.

To help you understand the thinking that goes into the various benefits that I will discuss in the next few articles in this series, let me tell you a little about my background. I always wanted to figure out how successful people were different from others. The area fascinated me as a child so I started out by getting an undergraduate degree in psychology. That education occurred in the age of behaviorism — which meant that the person being studied was treated like a black box. You could look at …

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Mental States An Excerpt By, Van K. Tharp, PhD

A state refers to the mental or physical processes that we experience at any moment. States tend to filter our interpretations of our experiences. If we are worn out, tired, hungry, and exhausted, then we are likely to be less tolerant of changes and not motivated at all. If we are excited and energized, then we are highly motivated and it would be difficult to stop us from whatever we want to do… What is most important about mental states is having the right state for the situation you wish …

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Personality Parts and an Exercise to Address Internal Conflict By, Van K. Tharp PhD

Most forms of psychotherapy assume we have a multitude of internal parts operating on a subconscious level. For example, Freud’s theory of personality assumed that we each have Id, Ego, and Superego—parts that certainly could be in conflict. Transactional Analysis assumes we have a parent, child, and adult part. I could go on listing theories all the way to Psychosynthesis, which assumes that we are all composed of thousands of parts and the primary job of therapy is to get the parts to work together as a unit. Who knows …

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