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Day Trading – Trade Reluctance

  
  Education
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ReluctanceA problem that plagues all traders from time-to-time, trade reluctance, or the inability to pull the trigger has many causes. Recognizing yourself among the following Trade Reluctance Types can go a long way toward eliminating the problem. 

ALARMIST: Characterized by energy being diverted away from placing trades into over-vigilant preparation for low probability catastrophes. Habitual worrying about the worst case scenario. 

ANALYSIS PARALYSIS: Characterized by energy being over-invested in analyzing at the expense of executing trades. Preparation for making trades is out of control. Trader is a walking encyclopedia of technical information with little or no profits to show for it. 

HYPER-PRO: Characterized by energy being lost due to over-investment in the mannerisms and appearances of success. Energy is expended at the expense of goal-supporting behaviors such as analyzing trade performance or analysis for the next trading session, which is viewed as “demeaning” and “unprofessional,” and/or “shouldn’t be necessary.” Often accompanied by over-stylized use of professional jargon, name-dropping, and a reflexive need to appear better informed and more sophisticated than the “average” trader.  (more…)

On Man’s Search for Meaning

  
  Education
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This book serves as an introduction to Dr. Frank’s theory of logotherapy through his experience of three years within the Nazi concentration camps. This existential analysis theory is based on finding meaning to one’s existence and seizing responsibility for it. A gripping story and a very educative and enlightening read within the psychology genre.

Below are key excerpts from the book that I found particularly insightful:

1- “The prisoner passed from the first to the second phase: the phase of relative apathy, in which he achieved a kind of emotional death.”

2- “At such a moment it is not the physical pain which hurts the most (and this applies to adults as much as to punished children); it is the mental agony caused by the injustice, the unreasonableness of it all.”

3- “Apathy, the main symptom of the second phase, was a necessary mechanism of self-defense. Reality dimmed, and all efforts and all emotions were centered on one task: preserving one’s own life and that of the other fellow.”

4- “Then I grasped the meaning of the greatest secret that human poetry and human thought and belief have to impart: The salvation of man is through love an in love.”

5- “This intensification of inner life helped the prisoner find a refuge from the emptiness, desolation and spiritual poverty of his existence, by letting him escape into the past.” (more…)

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