A great thought provoking program this evening looking the power of the subconscious mind and being able to harness the power of it.
Particularly interesting if you consider it in the context of trading too..similar to some of the theories mentioned in books such as Blink and Bounce..
Anyway, worth a watch (on iplayer) if you interested in that sort of thing (in fact def worth a watch because you may take something in subconsciously!)
Regards
Peter
Horizon: Out of control
Fascinating program about the interaction of the concious mind versus "learned behavour". It helps to illustrate what "trading in the zone" really means and how an ideal trading session should concern only the subconcious and where active concious decisions are often what gets a trader into trouble.
Good spot Peter.
Is it possible to get the yips whilst trading
Good spot Peter.
Is it possible to get the yips whilst trading
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
great program, thanks for posting.
from a trading point of view it probably also explains the classic mistake of letting losses run.
that explains a lot of things! (think about the financial crisis of the policy responses of governments and central banks)."it suggests that your brain willfully ignores negative things and maintains a rose-tinted, and inaccurate, view of the world".
from a trading point of view it probably also explains the classic mistake of letting losses run.
on several occasions my mouse finger has decided to click when i had no conscious intention of doing so. anyone else had this before?James1st wrote:Is it possible to get the yips whilst trading
Just watching it now. The helicopter stuff is interesting.
When I've analysed traders I've uncovered something similar.
I've worked with successful or successful traders and traders who have a strategy and those that don't. Those that don't say they have a 'feel' for the market, or 'the right mindset'. But when you analyse what they are doing they are unconsciously making similar decisions to people who have analyse and added structure to their trading.
The latter group tend to last longer as they can adapt to changes in the market but the former often blow up when the market shifts or changes, subtly or abruptly.
Both exhibit general decision making processes that aid or hinder them, all of which can be identified. I'm still working in this area. The biggest challenge appears to be to get people who are consistant bad decision makers to change their habits.
When I've analysed traders I've uncovered something similar.
I've worked with successful or successful traders and traders who have a strategy and those that don't. Those that don't say they have a 'feel' for the market, or 'the right mindset'. But when you analyse what they are doing they are unconsciously making similar decisions to people who have analyse and added structure to their trading.
The latter group tend to last longer as they can adapt to changes in the market but the former often blow up when the market shifts or changes, subtly or abruptly.
Both exhibit general decision making processes that aid or hinder them, all of which can be identified. I'm still working in this area. The biggest challenge appears to be to get people who are consistant bad decision makers to change their habits.