I would like to introduce you to Dr. John Blattner who will be joining us for our Virtual Trading Psychology Group. Not only does Dr. Blattner trade his own account, additionally his professional experiences include Executive Coach and organizational consulting with CEO’s, Presidents, and Senior Executives of both large and small companies. With his experiences and certifications with emotional assessments and training in human relations and individual coaching, I'm sure he will be able to help us overcome our trading demons that may impact our trading. Join us as we explore our personal psychological trading concerns.
The original idea came from the late Mark Douglas and the work he did for traders. If you don’t know who he is I recommend “Trading in the Zone, by Mark Douglas”.
Some of the topics of discussion will be: Mental Environment, Reacting to Loss, Stops and what they represent, Eliminating the Emotional Risk, and more.
The "Trading in the Zone" book by the late Mark Douglas will be the guideline of our discussions. Some excerpts will include:
A probabilistic mind-set pertaining to trading consists of five fundamental truths. 1. Anything can happen. 2. You don’t need to know what is going to happen in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability on one thing happening over another. 5. Every moment in the market is unique.”
Three stages of development of a trader...
First: The Mechanical Stage
1. Build the self-trust necessary to operate in an unlimited environment.
2. Learn to flawlessly execute a trading system.
3. Train your mind to think in probabilities (the five fundamental truths)
4. Create a strong, unshakable belief in your consistency as a trade.
Second: The Subjective Stage
In this stage, you can use anything you have ever learned about the nature of market movement to do whatever it is you want to do. There is a lot of freedom in this stage, so you will have to learn how to monitor your susceptibility to make the kind of trading errors that are the result of any unresolved self-valuation issues I referred to in the last chapter.
Third: The Intuitive Stage
Trading intuitively is the most advanced stage of development. It is the trading equivalent of a black belt in the martial arts. It doesn’t come from what we know at a rational level. The rational part of our mind seems to be inherently mistrustful of information received from a source that it doesn’t understand. Sensing that something is about to happen is a form of knowing that is very different from anything we know rationally.
This group will meet once per week for six weeks, for a single payment of $595 with registration to offset expenses. Please use this registration link sooner rather than later, as we may limit participants to keep the group to a practical setting.