Psychology

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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Paradigm Shifts, Part II & III Implementation for Trading Success By, Van K. Tharp, Ph.D.

In this 2-part article, we will continue to explore common beliefs about money and wealth. To the extent you are attached to these beliefs, you are trapped in your current situation. These beliefs, however, are just mental maps or paradigms — paradigms that you can change. Today I will share five paradigm shifts related to trading success and techniques you can implement to make your own shifts — in any area of your life. Five major paradigm shifts most traders and investors need to make: 1) Trading success has very …

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Market Overview and Effective Intraday Trading – April 20, 2021 By, Ken Long

  This 45-minute video was Ken’s nightly market overview from Tuesday, April 20, 2021. Ken discussed the broad market action for the day and analyzed how various indexes, sectors, and select symbols performed. Ken reviewed a number of intraday trades and presented some interesting trade setups. As usual, he sprinkled valuable lessons throughout the podcast. On Tuesday evening, Ken spoke about active learning, volatility, and the task of applying standard patterns for effective trading.

Plan-PREPARE-Execute-ASSESS By, Dr. Ken Long

I teach a 4-step process of “Plan-Prepare-Execute-Assess” in order to systematically and continuously improve my adaptation to the market and trade effectively. Plan: A top-down procedure to identify tradable targets in the time frame I have chosen, or which chooses itself. My criteria: targets are tradable symbols that have evidence to support the hypothesis that they are in a “critical state.” I define a critical state as a moment when there is a larger-than-normal probability of a larger-than-normal directional move in a shorter-than-normal time frame and where the amount and …

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Three Keys to Reaching Your Full Trader Potential by, Gabriel Grammatidis

  Whatever system or strategy you trade; you ultimately want to reach your full trader potential as an independent trader. What do I mean by that? An independent trader has transitioned along the steps of the trader development path while developing a unique trading style. But most importantly, he or she trades in a Cool, Calm and Confident way with Consistency – the famous 4 Cs. Could you (or anyone) demonstrate these 4 C’s right after you opened your first trading account? Certainly not. There are a good number of …

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Trading Visual Price Patterns is a Bit Like Hunting for Fish by, Gabriel Grammatidis

  Trading for visual price patterns is a bit like hunting for fish. Sometimes the small fish come close to the beach – and at other times, you need to go out a bit deeper into the waters to find bigger ones. If you consider the whole ocean as your hunting ground, then you don’t really need to fear that you will not find any fish. You might be unaware of the fish right now, you know that they are out there for you to capitalize on. Once you understand …

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Psychology Patterns: Internal Conflicts by, RJ Hixson

  Have you ever thought or said something to the effect, “On one hand, I . . . while on the other hand, I . . .”? Has that kind of thinking ever affected your trading? If so (and it’s likely so), you have an experience of some internal conflict — which is entirely human. Different parts of you want different things and when two parts see something differently — as they often do — you wind up in conflict. Most typically, your logical mind takes control and makes a …

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How Long Does It Take To Become Profitable? by, Gabriel Grammatidis

  Over the last ten years or so, I have taught and coached several hundred traders through my workshops and coaching programs. It has been very interesting for me to observe different types of behaviors and varied results in these people. I started categorizing different learning styles of my students and I noticed several types or phases that I actually went through myself as a developing trader. For 2-3 years early on, I was a Window Shopper. Then after a short phase of being Stuck-in-Frustration, I started to Rule-Tweak other …

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Psychology Patterns: Dominant or Overwhelming Feelings by, RJ Hixson

  Do you know anyone with a feeling or emotion that seems to rule their life? Do you have such a feeling or emotion? Trying to trade effectively with this can be challenging if not outright self-sabotage. If it’s not you, consider someone who is continually anxious, angry, fearful, or sad and imagine how that emotion could cloud their ability to perceive price action, make good decisions (like entries & exits), and react well to adversity in the markets. Rather than trading with clarity, decisiveness, and focus, they would experience …

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Mental State Control By, RJ Hixson

  Have you ever traded when you were angry? When you were scared? When you were bored? If you haven’t done any of those, you haven’t traded very much yet. Trading from a mental state of anger, fear, or boredom — or other non-useful emotional states, happens for less experienced traders and these conditions invite mistakes — conditions where you don’t follow your rules. More often than not, you lose money when you don’t follow your rules. So what do you do? You change your mental state. But how do …

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