I've explored the psychological aspects of a lot of things, but primarily the behaviour of people in markets. There were two major things I learnt.
The first was to think positive, it helps if you surround yourself with positive people and positive thoughts. Negative thoughts and people infect you like a disease and will definitely affect your performance and outlook. Avoid at all costs. For a lot of my early life people told me that stuff was impossible, couldn't be done or wasn't worth trying. Once I threw off the shackles I was amazed by how often things would go right.
You learn that good and bad things happen in equal proportion but if you are only focused on the negative, you bring that to the front and it acts as a massive inhibitor. If you focus on the positive, good things happen and you tend to spot opportunities quicker.
I also learnt that being contrarian was a huge bonus. People always feel the need to look externally for justification as to what they are doing and that tends to led to them making mistakes. 'What do you think?' is proof of this external need and in markets people tend to look to the markets to confirm if they are doing the right thing. This tends to led to errors, so doing the opposite of the prevailing view is difficult at first but a useful strategy.
books on psychology
I am starting to find this subject quite fascinating although I find a lot of it seemingly non sensical. Anyway I done the inevitable google search and found a site called pysblog http://www.spring.org.uk/. It may (or not) be of interest some people.
It full of shortish articles on how the mind works (allegedly). None are directly related to trading horse races/sports markets (or any form of trading). But to get a grip of why we/other people do things/behave etc, I don’t think just reading stuff that is solely trading related would give any real depth or understanding to the subject.
I don’t know if the owner of the blog as any real authority or acknowledged weight on the subject , just that some are quite interesting and easy to read.
Personally I think with regards to trading it is very important to be in a good mood, to know where your weakness is and likely to become dominant and most likely occur (for example in my case going in play), and probably in my opinion the most important of all, you have to genuinely enjoy trading, not just taking green but all aspects, otherwise it will just become a chore.
It full of shortish articles on how the mind works (allegedly). None are directly related to trading horse races/sports markets (or any form of trading). But to get a grip of why we/other people do things/behave etc, I don’t think just reading stuff that is solely trading related would give any real depth or understanding to the subject.
I don’t know if the owner of the blog as any real authority or acknowledged weight on the subject , just that some are quite interesting and easy to read.
Personally I think with regards to trading it is very important to be in a good mood, to know where your weakness is and likely to become dominant and most likely occur (for example in my case going in play), and probably in my opinion the most important of all, you have to genuinely enjoy trading, not just taking green but all aspects, otherwise it will just become a chore.