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    Archive for: December 16, 2006

    16
    Dec
    2006

    NLP , Neuro-Linguistic Programming

    Filed under: Trading Psychology

    NLP

    Neuro-Linguistic Programming , NLP - In 1972 , in California , Richard Bandler and John Grinder began the study of excellence in human language and behaviour. They listened to , observed and felt the behaviour of three great therapists - Milton Erickson , Fritz Perls and Virginia Satir , each a giant in their own field. They analysed and disaggregated the patterns of language and behaviour and then set about modelling them , to create tools and techniques for anyone to understand , resolve and change their own behaviours at will.

    Now , more than three decades on , NLP Practioner is the fastest growing profession in the world. People are transforming their own lives and facilitating lasting change in others’.

    NLP gives you the power to understand the critical psychology that sorts winners from losers in the markets and achieve lasting change in your life. A good poker player understands probability , but the world champion understands people. And trading in the world’s financial markets is no different. Analytical techniques and computer programmes help …




    16
    Dec
    2006

    Excitement

    Filed under: Trading Psychology

    onlineOnline trading is very exciting , to beginners at least. When I first started trading “live” with real money , my excitement level was super high. My eyes never leave the computer screen and my heart beat was as fast as every tick and every pulse of the price bar movement. Mind was totally filled with excitement , anxiety , stress , fear … Obviously , that is not what trading is all about.

    But there are still people who want to seek excitement by doing trading online ; and I feel that is one of the worst reason to participate in the stock market. For many traders , this type of trading becomes akin to purchasing a lottery ticket. Each action is motivated by an energising and electric fantasy. Buying a lottery ticket is like buying a Dream and buying Excitement. Buying lottery occassionally might be alright , I do that too . But to consistently throw money into the stock market just for excitement and hope for luck is …