I'm not new to this forum, but until recently I have never had a good look around it.
I have to say there are some very experienced and knowledgeable people on this forum and there is a wealth of information to be had.
However as usual, most of the talk and interest is focused on the strategy or system, not on the psychology of trading.
Why there is no forum for psychology as there is for strategies and systems?
If you search the word psychology in the posts titles on this forum, you get 13 results.
If you search the word system you get 43 results.
If you search the word strategies you 62 results.
The results, as they say speak for themselves.
In his book super trader Van Tharp talks about a workshop he did 1990, with Market wizards Ed Seykota and Tom Basso.
"All 3 of them agreed that psychology contributes to 60% to success, position sizing 30% and system development 10%. And that most traders ignore the first 2 and don’t really have a system anyway, that’s why 90% fail".
19 years later, he argues that psychology now counts for 100% of trading success and I for one agree with him.
So why aren’t there more threads on psychology?
The same reason why there aren’t more successful traders I guess.
I have placed this thread in the strategy section as there is nowhere else to put it.