Any Traders here familiar with hypnosis? | Forex Factory

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Any Traders here familiar with hypnosis?

  • #1
  • First Post: Edited Nov 1, 2022 8:24am Oct 26, 2022 6:00pm | Edited Nov 1, 2022 8:24am
I have a proposition.... But I wonder if anybody out there has similar knowledge to me... I got into psychology and hypnosis as a hobby a long time ago.... Dropped it because I felt like it turned me into a weirdo .

But I don't mind being a weirdo if it makes me a better trader.

Any other traders out here with similar experience/knowledge?

Proposition is I can use Hypnosis on you and vice versa in order to master trading psychology.
  • #2
  • Oct 27, 2022 12:37am Oct 27, 2022 12:37am
Quoting sharpiemomo
I have a proposition.... But I wonder if anybody out there has similar knowledge to me... I got into psychology and hypnosis as a hobby a long time ago.... Dropped it because I felt like it turned me into a weirdo . But I don't mind being a weirdo if it makes me a better trader. Any other traders out here with similar experience/knowledge?
That’s great if you took psychology and hypnosis as a hobby but how did it turn you into a weirdo? Did it affect your trading ?
I have a hobby of listening to music while trading and it really helps me to focus.
  • #3
  • Oct 27, 2022 12:05pm Oct 27, 2022 12:05pm
Quoting quinn09
{quote} I have a hobby of listening to music while trading and it really helps me to focus.

Are you still listening music during the market analysis? Or after the analysis part! For me, I need a claim place to make the market analysis!
  • #4
  • Oct 27, 2022 12:30pm Oct 27, 2022 12:30pm
Quoting quinn09
{quote} That’s great if you took psychology and hypnosis as a hobby but how did it turn you into a weirdo? Did it affect your trading ? I have a hobby of listening to music while trading and it really helps me to focus.
How it turned me into a weirdo is irrelevant... I just want to know if anybody is on board.

Okay I'll say it anyway... If you understand psychology to a great extent it just makes you empty... For me whenever I would meet a new person I'd almost subconsciously start using my knowledge to intentionally create rapport by them by using psychological techniques, I could look at a person's eye movements and see if they were talking to themselves or visualizing ect.... It's just a weird topic overall.... Some things are better unknown

But I'd rather be a weirdo and an elite trader at this point in my life.
  • #5
  • Oct 27, 2022 12:33pm Oct 27, 2022 12:33pm
Wtf is listening to music and focusing....

If you want to be an elite trader you need to turn yourself into a robot. A master of following every component of your trade plan to the T again and again and again and eliminating human error to the greatest degree.

If you have these issues with your trading.... Music isn't going to help.

You need to be reprogrammed and eliminate your bad habits...

Same way you would have to put in a huge amount of work to stop smoking, or over consuming food.

Hypnosis and Psychology can solve all those issues... This can be applied to trading too.
  • #6
  • Oct 29, 2022 1:01pm Oct 29, 2022 1:01pm
Hello, I am a Hypnotherapist and a day trader, so I definitely understand how hypnosis can assist with the psychology part of trading.
I would say using hypnosis to desensitize a trader, so they can let go of that ever so difficult part of trying not to get your emotions
involved in your trades. However, you would also need to have a good strategy that you're very confident in. I'm also trained in NLP, so I know
how to establish rapport, read body language and eye movement as well. I don't think that makes me a weirdo though. It's quite fascinating actually.

I'm curious to hear about your proposition.
  • #7
  • Oct 30, 2022 8:46am Oct 30, 2022 8:46am
Derren Brown, in his book, tells the story of a hypnotist who was putting on a show and it was going well except for one guy, so the hypnotist had a word in his ear and said, "play along and I'll pay you £100"
The show went great and the guy was really acting it up. When the show finished, the hypnotist sent everyone but that guy back to their seats. Then he turned and said, "Sleep!........When you wake, no matter what anybody else says you will believe that I owe you £100....and wide awake"
Edit: For those interested the book is called Trick of the Mind and it is a really interesting read, covering topics like, hypnosis, magic, memory, and psychology.
  • #8
  • Nov 1, 2022 1:28am Nov 1, 2022 1:28am
Quoting Traderx588
Hello, I am a Hypnotherapist and a day trader, so I definitely understand how hypnosis can assist with the psychology part of trading. I would say using hypnosis to desensitize a trader, so they can let go of that ever so difficult part of trying not to get your emotions involved in your trades. However, you would also need to have a good strategy that you're very confident in. I'm also trained in NLP, so I know how to establish rapport, read body language and eye movement as well. I don't think that makes me a weirdo though. It's quite fascinating...
Proposition is this my friend.... Once I get back into the gist and flow with my prior Hypnosis and NLP knowledge.... We can hypnotize eachother.... Be eachothers trading psychology coaches ect....
  • #9
  • Nov 1, 2022 1:29am Nov 1, 2022 1:29am
Quoting nakaru87
Derren Brown, in his book, tells the story of a hypnotist who was putting on a show and it was going well except for one guy, so the hypnotist had a word in his ear and said, "play along and I'll pay you £100" The show went great and the guy was really acting it up. When the show finished, the hypnotist sent everyone but that guy back to their seats. Then he turned and said, "Sleep!........When you wake, no matter what anybody else says you will believe that I owe you £100....and wide awake" Edit: For those interested the book is called Trick of...
He was my inspiration for studying Hypnosis and psychogy. I am a big fan. I believe his knowledge is elite tier. Almost god level.
  • #10
  • Nov 1, 2022 1:31am Nov 1, 2022 1:31am
Right now I'm studying an NLP/Hypnosis course on quitting smoking I downloaded...

I'm remodeling it so the same concepts can be used to quit any other habits.... Such as bad trading habits.....

Wish me luck on my endeavours.....
  • #11
  • Nov 1, 2022 6:29am Nov 1, 2022 6:29am
Quoting sharpiemomo
Right now I'm studying an NLP/Hypnosis course on quitting smoking I downloaded... I'm remodeling it so the same concepts can be used to quit any other habits.... Such as bad trading habits..... Wish me luck on my endeavours.....
I tried hypnosis with a trading coach for a couple of years. The hypnosis part didn't really help in all honesty, but looking back I believe it could have been if we focused on the right things.

All good trading depends on equilibriums both of yourself and seeing those equilibriums in the market too. It punishes excess in any form and rewards our ability to spot that excess. If you think the whole game is about self-belief, you'll fail. If you think it's all strategy, you'll fail there too. If you're too reliant on someone else... failure awaits. If you don't listen to those who've gone through it, again failure. If you're too quick to dismiss what you've not studied etc etc etc. You get the idea.

It's different in each of us what that excess is, which is why I guess you see intractable views on what constitutes success. Even what seems obvious - what's your bottom line results in % end of year doesn't tell the full picture. So you move to Sharpe & Sortino scores but again, you don't know what the trader is prepared to do in the future- pretty sure Neil Woodford had high scores before he imploded due to his excess of self-belief.

Personally I was so focused on strategy - and so was the hypnosis - but it was my excesses elsewhere stopping from seeing what I needed to see.

Anyway, just one experience - I hope you get what you need out it.
  • #12
  • Nov 1, 2022 7:22am Nov 1, 2022 7:22am
Quoting triphop
{quote} I tried hypnosis with a trading coach for a couple of years. The hypnosis part didn't really help in all honesty, but looking back I believe it could have been if we focused on the right things. All good trading depends on equilibriums both of yourself and seeing those equilibriums in the market too. It punishes excess in any form and rewards our ability to spot that excess. If you think the whole game is about self-belief, you'll fail. If you think it's all strategy, you'll fail there too. If you're too reliant on someone else... failure...
This game is 90% psychology...

My trading coach now has an elite level strategy/working level theory of the markets

But he was also an ex poker player ect.... Even when he was trading the shittest and I mean SHITTEST trading systems he was making money some of us wish we were with trading (few 100 a day)

Wouldn't be offering this proposition for no reason
  • #13
  • Nov 1, 2022 7:26am Nov 1, 2022 7:26am
Overtrading, revenge trading, inpatience..... You think this has 0 affect on your end result as a trader? OF COURSE IT DOES!

so if you were using hypnosis and it didn't help you... It's possible you didn't have these psychological issues in the first place.

Man FX factor is famous for threads that go of topic.........
  • #14
  • Nov 1, 2022 7:51am Nov 1, 2022 7:51am
Quoting sharpiemomo
Any other traders out here with similar experience/knowledge?
You asked for experience of hypnosis, not validation so why the jumpiness?

I'm saying excess is the cause. Overtrading, undertrading, underperforming, revenge trading - all of us know what the issues are. Hypnosis made no difference because it didn't tackle the excess. I know now, but it would have been useful to know years back.

If you think it's caused by something different, then tell us all but remember you did actually ask the question.
  • #15
  • Nov 1, 2022 7:55am Nov 1, 2022 7:55am
Quoting sharpiemomo
Overtrading, revenge trading, inpatience..... You think this has 0 affect on your end result as a trader? OF COURSE IT DOES! so if you were using hypnosis and it didn't help you... It's possible you didn't have these psychological issues in the first place. Man FX factor is famous for threads that go of topic.........
Interesting subject mate, thanks for creating ! I've been using self-hypnosis for years to help get through so many obstacles in life. I am no professional, but I have become good enough to help myself with it.

Now, this is only my own personal experience, so it is NOT to say that hypnosis cannot help with the problems shared above. On the contrary. But for me, with trading, it helped to concentrate, focus, see things in different perspectives, and eventually realize that all of what I thought were my psychological problems were actually trading practices' problems. Proper scientific analysis of my strategies' workings throughout the last 20 years gave me the new rules that completely erased any overtrading, revenge trading, impatience, etc.

So it is my experience that putting in the proper work does the trick, meaning leaving no stones unturned = know 100% what you are doing and will do no matter what price does = no place for any overtrading, revenge, decision making emotions, etc.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #16
  • Nov 1, 2022 8:08am Nov 1, 2022 8:08am
Quoting triphop
{quote} You asked for experience of hypnosis, not validation so why the jumpiness? I'm saying excess is the cause. Overtrading, undertrading, underperforming, revenge trading - all of us know what the issues are. Hypnosis made no difference because it didn't tackle the excess. I know now, but it would have been useful to know years back. If you think it's caused by something different, then tell us all but remember you did actually ask the question.
I like your point about the excess by the way !

Excess definitely plays a big part in some trader's problems. It sure did in mine before I realized that I was over-leveraging.

If one doubts the role of excess, simply cut your leverage to the minimum possible (cents account) and see what happens to all your problems. One can simply then overlook the lesson learned by thinking "but Im only making a penny!". That person would need to take a closer look and arrive at a very different reaction, a productive reaction, like looking at the real potential of their strategy's/ies' long-term consistency; and change their plan accordingly.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #17
  • Nov 1, 2022 8:09am Nov 1, 2022 8:09am
Quoting triphop
{quote} You asked for experience of hypnosis, not validation so why the jumpiness? I'm saying excess is the cause. Overtrading, undertrading, underperforming, revenge trading - all of us know what the issues are. Hypnosis made no difference because it didn't tackle the excess. I know now, but it would have been useful to know years back. If you think it's caused by something different, then tell us all but remember you did actually ask the question.
It made no difference TO YOU.... Doesn't outline it for the rest of us.
  • #18
  • Nov 1, 2022 8:13am Nov 1, 2022 8:13am
I'm not a fan of hypnosis. And I don't really believe in self-hypnosis. Unless I really believe in something. Then perhaps the situation will change.
But I may not yet have met someone who can hypnotize me for 100% profit.
  • #19
  • Nov 1, 2022 8:23am Nov 1, 2022 8:23am
So is anybody actually on board with my original proposition which was to use these tools on each other for benefit or not?
  • #20
  • Nov 1, 2022 8:27am Nov 1, 2022 8:27am
Quoting DragonT
I'm not a fan of hypnosis. And I don't really believe in self-hypnosis. Unless I really believe in something. Then perhaps the situation will change. But I may not yet have met someone who can hypnotize me for 100% profit.
it is an experience, not a God but I get your point, and you know that if someone did ever hypnotize you, he did a real good job ! On another note, hypnosis is not "one shoe fits all". Most hypnosis does not work on certain people. I have been tested by more than one professional and been repetitively told that I could not get hypnotized by them and that certain people were just not suggestive enough to common techniques.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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