Jim Dean Sage   Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA  User Profile | Psychology is the "elephant in the room" that traders often are unwilling to discuss. Some people just are not well suited to be traders, even though they may want to be ... regardless of the tools they own or the methods they use. It's better to find this out at the beginning, before losing a bunch of money and time, and going through a lot of pain and frustration. I've been a fan of Van Tharp ("Trade Your Way to Financial Freedom") for many years. He emphasizes the importance of identifying strengths and weaknesses, of planning ahead like any successful business does, and of sticking to plans and learning from them. He's a psychologist-trader who has been coaching traders for 25 years. He puts on *expensive* seminars - repeatedly - because his advice is worth it. However, much of that advice can be gleaned from his books and from the newsletters he sends out. You can see past newsletters, and subscribe for future ones (free), here: http://www.iitm.com/weekly_update_backissues.htm This thread is being created to discuss Van's teachings, especially those related to the psychology of traders. | |
