Janice Dorn, MD, PhD
Neuropsychological Trading Coach
Janice Dorn, M.D., Ph.D., has been a full-time futures trader since 1994. Doctor Janice holds an M.D. in psychiatry and is board-certified by the American Board of Psychiatry and Neurology in general psychiatry and addiction psychiatry. She holds a Ph.D. in brain anatomy. A graduate of Coach University, she is a pioneer market psychiatrist and financial neurobehaviorist. Doctor Janice has written over 500 articles on the financial markets and coached over 600 traders worldwide. She is the Global Risk Strategist for Ingenieux Wealth Management Group, Sydney, Australia.
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Stock Market, Futures Trading, and Option Trading Wisdom
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This is the
end of worry, at least for this month. Please go back and review the two previous Trading Wisdoms on worry (Angst,
Anxiety and Adrenals; It's Always Something) and then sit back and allow me to share with you a counterintuitive way that
you can improve your mental and physical health by cutting down on the amount of worrying you do. As most of you have noticed,
the RST pattern is one that is suited perfectly to worry, and now that we are near the top of the triangle, you have an opportunity
to review your own thoughts, feelings and actions as they played out through this pattern.
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I have chosen to devote several
Trading Wisdoms to this subject in honor of the high-alert reverse symmetrical triangle (RST) situation issued multiple
times by John Lansing to Trending123 subscribers. The RST is a pattern that appeals on many levels to people who tend marinate
in worry.
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As John Lansing said the
other day in his update, and I'll paraphrase here, "I am going to help you make money in spite of yourself!" If
those are not powerful words to everyone who is down there groveling in the dirt with the chickens, I don't know what words
are!
- One of the common
ways that traders and investors sabotage themselves is through worry. It seems there is always something to worry about.
Even if there isn't, we scurry around looking for something.
- In order to push through the
biases that are holding you back from becoming a profitable trader and investor, it is critical to embrace your own personal
bias base so that you can make changes. How do you make changes? You retrain your trading brain. This is done through consistent
coaching and practice.
- The opening quotation says
it all. I can't think of a better way to describe what has gone on in the markets this week. Volatility has returned and
returned with a vengeance, catching quite a few people napping and complacent.
- No matter how many bells,
whistles, indicators, seminars and books you surround yourself with, you have to pay your dues. You must learn that that
piece of cake needs to be converted into humble pie, and that the most successful traders got that way by first getting a Ph.D.
in losses at the School of Hard Knocks!
- We are not done
with this overconfidence bias. Many of you continue to assert that you really do know what is going on, and you are pretty
darn confident that you have reached the final stage of trading mastery and really can trade successfully year after year.
- Stock Trading Addiction It has
been going on now for over 25 years of my professional life. Year after year, the faces change but the song remains the same. Some
traders do magnificently, continuously grow their equity and strengthen all aspects of their capital.
- Stock Trading Addiction Part
Two One of the awesome things that happens in the live trading room of Trending123.com is that John Lansing talks about his
views, stock/sector picks and general interpretation of market activity.
- Trading The Stock Market
Casino Part 1 It's a great money story that many say is true. Even if it isn't true, the bathrobe is green, and Vegas is
all about light, color and sound. So, it's festive, charming, somewhat entertaining and, most of all, instructional.
- Trading The Stock Market
Casino Part 2 This fable tells a sorry tale. The groom, having come so close to the big multimillion prize, slinks away from
the tables, returns to his room and calmly announces that he only lost ten dollars!
- One of the reasons Trending123.com is
the premier technical trading service in the world is that every day you have the unique opportunity to see and hear master technician
John Lansing tell you what and how he is thinking about the market.
- HALLOWEEN POTPOURRI Day
in and day out, our brains are under siege. Accelerating speed of technology and almost instantaneous transmittal of information
across the globe is changing the way we live and way we think.
- Noise 80% of traders are in a state
of reacting to what they perceive to be urgent and critical information. The constant message on TV now is "Breaking News" as
if everything is breaking, important, necessary to be assimilated, will affect your trading positions
- The wolverine way There are
five aspects to making yourself strong: physical, mental, emotional, spiritual and technical.
- You are what you believe unsuccessful
traders tend to live in a fantasy which says that the market is there to provide them with future riches and solve all their
problems.
- The scorpion and the frog No
matter who you are, how intelligent or how much education you have, if you keep doing the same thing over and over again, expecting
different results, you are suffering from the most insidious form of insanity.
- Addiction to perfection Perfectionism
can be a great help to people in many professions, but can be fatal to a trader.
- Katrina I
tired to count the number of times this weekend that the word "chaos" was used in connection with
the incessant media coverage.
- Meals
for a lifetime There are so many powerful fishing tools on the Trending123.com website just waiting for you to use them.
- Stock
Market Conference Remember upon the conduct of each depends the fate of all.
Unity-- Alexander The Great 352-323 BC (Alexander III Ancient Macedonia)
- TATT Syndrome--Trading
Wisdom To be a consistently effective trader, it is crucial to have balance in your life. One part of this is getting adequate
sleep with enough time to allow you to dream.
- Lessons
From Aesop--Trading Wisom Once upon a time there was a hare who, boasting how he could run faster than anyone else, was
forever teasing tortoise for its slowness.
- Trading
Wisdom--Just Do It!! Is there anyone reading this who does not understand one simple fact: We trade to make profits and
a profit is a profit?
- EQUILIBRIUM Over
the past few weeks, I have received a number of emails which indicate to me that many of you are searching for meaning in your
lives as a way to make yourselves stronger,more centered and successful as traders.
- GETTING
REAL "The single most important reason that people lose money in the financial markets is that they don't cut their
losses short.
- THE
FISHERMAN AND HIS WIFE We trade, and are in the markets every day to make money. That is the bottom line. There are many
other reasons for trading, but the main reason is to make money.
- Ride
The Bull While It Last's Many of you are making a lot of money right now, and may have anxiety about it. This is what happens
often with success.
- In preparation
for Thursday morning, please read, study and be prepared to ask me questions about any of the Trading Wisdoms on the www.trending123.com
site, including the most recent series of The Biggest Blunders Traders and Investors Will Make In 2006-2007.
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