This Blog serves as my personal trading journey and thoughts . Nothing that is shared is intended to spark debates. Contents of this Blog may or may not serve as source of encouragement or agreement for other retail FX traders. This Blog will have references to God and the Bible from time to time. If this will be offensive to you, please do not read this Blog.
My Reading of “Trading in the Zone” (thoughts and feelings) PT. 3
Posted 12-08-2010 at 03:42 PM by larryfolson
[Show Appreciation]
What's This?
Updated 12-08-2010 at 04:38 PM by larryfolson
Updated 12-08-2010 at 04:38 PM by larryfolson
Before I share my thoughts on chapter 2. I would like to say; chapter 1 has been spot on and I'm looking forward to each and every chapter.
I'm glad that I have decided to read this And share some of my thoughts.
CHAPTER 2
THE LURE
(AND THE DANGERS)
OF TRADING
The Chaper title says it all. This will be a good!!!
Page 26
I had to pause for a moment to think about this. I agree that many of the typical reasons people are
motivated to trade—the action, euphoria, desire to be a hero, the attention one can draw to himself by winning, or the self-pity that comes from losing—create problems that will ultimately detract from a traders performance and overall success.
But the true underlying attraction to trading is far more fundamental and universal. Trading is an activity that offers the individual unlimited freedom of creative expression, a freedom of expression that has been denied most of us for most of our lives.
(Man you come right out the gates hitting hard. I have aways had to fight for what I wanted to do and be in life. The fight to be and express me. )
Page 27
The freedom is great. All of us seem to naturally want it, strive for it, even crave it. But that doesn't mean that we have the appropriate psychological resources to operate effectively in an environment that has few, if any, boundaries and where the potential to do enormous damage to ourselves exists.
Almost everyone needs to make some mental adjustments, regardless of their educational background, intelligence or how successful they've been in other endeavors.
The kind of adjustments I'm talking about have to do with creating an internal mental structure that provides the trader with the greatest degree of balance between the freedom to do anything and the potential that exists to experience both the financial and psychological damage that can be a direct result of that freedom.
(Money and freedom is defiantly what i desire. Trading forex is what I believed would give me this. But I found myself struggling emotionally. These emotions lead to me to over trade. I would have a string of wines on on just a few trades loss a weeks to two weeks gains. Then I would become more frustrated and blame the markets.)
All of us are born into some sort of social environment. A social environment (or society), whether it's a family, city, state, or country, implies the existence of structure. Social structures consist of rules, restrictions, boundaries, and a set of beliefs that become a code of behavior that limits the ways in
which individuals within that social structure can or cannot express themselves.
Furthermore, most of the limitations of social structure were established before we are born. In other words, by the time any of us get here, most of the social structure governing our individual expression is in place and well entrenched. It's easy to see why a society's need for structure and the individual's need for self expression can conflict.
(I can see this. In the African American community, we have various social orders. One of which is the pride of work. And in some families lots of presser is put on you to be somebody. I know I have had this in the back of my mind as I set out to trade full time for a living. This gave me add presser. As I set out to prove my self worth.)
Page 28
The conflicts that result from what we're taught about who we're supposed to be and the feeling that
resonates at the deepest levels of our being is not at all uncommon. I would say that many, if not most
people, grow up in a family and cultural environment that gives little, if any, objective, nonjudgmental support to the unique ways in which we feel compelled to express ourselves. This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.
(Yep, yep, and yep! I have always struggled with being simple me. But in most circles simple is not excepted. The glamor of complexity was proof of truth and that you was smart. So I found my self feeling unaccepted because I struggles with understanding the complexity of things.)
Pages 29-30 Reminders me of lots of personal child hood memories that I chose not to share on my blog.
I would like to say. I'm ok. But they are to personal to share.
I will pick up latter on page 31.
I'm glad that I have decided to read this And share some of my thoughts.
CHAPTER 2
THE LURE
(AND THE DANGERS)
OF TRADING
The Chaper title says it all. This will be a good!!!
Page 26
I had to pause for a moment to think about this. I agree that many of the typical reasons people are
motivated to trade—the action, euphoria, desire to be a hero, the attention one can draw to himself by winning, or the self-pity that comes from losing—create problems that will ultimately detract from a traders performance and overall success.
But the true underlying attraction to trading is far more fundamental and universal. Trading is an activity that offers the individual unlimited freedom of creative expression, a freedom of expression that has been denied most of us for most of our lives.
(Man you come right out the gates hitting hard. I have aways had to fight for what I wanted to do and be in life. The fight to be and express me. )
Page 27
The freedom is great. All of us seem to naturally want it, strive for it, even crave it. But that doesn't mean that we have the appropriate psychological resources to operate effectively in an environment that has few, if any, boundaries and where the potential to do enormous damage to ourselves exists.
Almost everyone needs to make some mental adjustments, regardless of their educational background, intelligence or how successful they've been in other endeavors.
The kind of adjustments I'm talking about have to do with creating an internal mental structure that provides the trader with the greatest degree of balance between the freedom to do anything and the potential that exists to experience both the financial and psychological damage that can be a direct result of that freedom.
(Money and freedom is defiantly what i desire. Trading forex is what I believed would give me this. But I found myself struggling emotionally. These emotions lead to me to over trade. I would have a string of wines on on just a few trades loss a weeks to two weeks gains. Then I would become more frustrated and blame the markets.)
All of us are born into some sort of social environment. A social environment (or society), whether it's a family, city, state, or country, implies the existence of structure. Social structures consist of rules, restrictions, boundaries, and a set of beliefs that become a code of behavior that limits the ways in
which individuals within that social structure can or cannot express themselves.
Furthermore, most of the limitations of social structure were established before we are born. In other words, by the time any of us get here, most of the social structure governing our individual expression is in place and well entrenched. It's easy to see why a society's need for structure and the individual's need for self expression can conflict.
(I can see this. In the African American community, we have various social orders. One of which is the pride of work. And in some families lots of presser is put on you to be somebody. I know I have had this in the back of my mind as I set out to trade full time for a living. This gave me add presser. As I set out to prove my self worth.)
Page 28
The conflicts that result from what we're taught about who we're supposed to be and the feeling that
resonates at the deepest levels of our being is not at all uncommon. I would say that many, if not most
people, grow up in a family and cultural environment that gives little, if any, objective, nonjudgmental support to the unique ways in which we feel compelled to express ourselves. This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.
(Yep, yep, and yep! I have always struggled with being simple me. But in most circles simple is not excepted. The glamor of complexity was proof of truth and that you was smart. So I found my self feeling unaccepted because I struggles with understanding the complexity of things.)
Pages 29-30 Reminders me of lots of personal child hood memories that I chose not to share on my blog.
I would like to say. I'm ok. But they are to personal to share.
I will pick up latter on page 31.
Total Comments 0
