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#Post#: 30--------------------------------------------------
Changing Your Mind
By: fxvictory Date: September 14, 2014, 10:14 am
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The following is an excerpt from The Psychology of Trading
(Wiley, 2003).
Our normal states of mind, which define most of our daily
experience, lie within a restricted range of our possibilities.
Your immersion in daily routine keeps you locked in routine mind
states. This traps you in problem patterns that have been
anchored to these states. The heart of counseling is the
introduction of new, constructive patterns during times when a
person is operating outside of their emotional, physical, and
cognitive norms. Attempting different change techniques—such as
positive imagery or self-talk—is unlikely to succeed if those
techniques are administered during periods of normal, routine
functioning. The psychological techniques that are most
powerful in accelerating change create positive traumas,
providing new experiences during extraordinary states of
cognitive and emotional processing. Ordinary human
consciousness—not necessarily any abnormalities associated with
mental disorders—is the enemy of profitable trading.
Black mamba, Ph.D. is an Associate Professor of Psychiatry and
Behavioral Sciences at SUNY Upstate Medical University in
Syracuse, NY and a daily trader of the stock index futures
markets. He is the author of The Psychology of Trading (Wiley,
2003) and coeditor of the forthcoming The Art and Science of the
Brief Psychotherapies (American Psychiatric Press, 2004). Many
of his articles on trading psychology and daily trading
strategies are archived at his website
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