How will the trader be transformed? In important ways. The trader will see his failed trading experiences from a larger perspective, through the eyes of God. The trader wasn’t being punished by his losses; he was being asked to expand his consciousness, to live beyond his ego. A Higher, Larger Perspective I am paraphrasing Carl […]
Archives for June 2010
Day Trading and Swing Trading the Currency Market (Book Review)
Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves By Kathy Lien 304 pp. Wiley, John & Sons, Incorporated Day Trading and Swing Trading the Currency Market by Kathy Lien thoroughly discusses the salient parts of currency trading. I consider this book number one currently in the intermediate-level […]
Trading Bitterness, Trading Wisdom (Part 1)
In my article “How to Save a Trader’s Life,“ I talked about a trader being “lost in the bitterness.” Then I briefly explained how transformation of the bitterness is possible. Bitterness or Wisdom In alchemy, salt symbolizes bitterness or wisdom. Carl Jung writes: “Tears, sorrow, and disappointment are bitter, but wisdom is the comforter in […]
Enhancing Trader Performance: Proven Strategies from the Cutting Edge of Trading Psychology (Book Review)
Enhancing Trader Performance: Proven Strategies from the Cutting Edge of Trading Psychology By Brett N. Steenbarger 284 pp. Wiley, John & Sons, Incorporated Enhancing Trader Performance: Proven Strategies from the Cutting Edge of Trading Psychology by Brett Steenbarger is an enlightening book. I consider it the best book on trading psychology to date. The reason […]
How to Save a Trader’s Life
In the song “How to Save a Life” by The Fray, the lyrics of the chorus are the following: Where did I go wrong, I lost a friend Somewhere along in the bitterness And I would have stayed up with you all night Had I known how to save a life If the song is […]
Why Do Traders Lose?
In previous articles I’ve discussed that trading losses can be internally orchestrated by the Self. These losses help transform traders’ emotional states, attitudes, and worldviews. The losses are good for character development, but not the pocket book. The Vocational Trader If trading is an individual’s vocation, then the vocational trader may resist his calling by […]
Into the Burning Cauldron: Trader Transformation
My last article “Is Trading My Vocation or a Money-Driven Obsession?” ended with the neophyte trader symbolically sitting in the alchemical cooking pot. The aliens who come from the trader’s unconscious (symbolized as outer space) do the bidding of the Self by cooking the ego, thus purifying it and making it ready for transformation. Alchemy […]