The Psychology of Persuasion 🧠

6-Principles to Influence and Control every encounter.

Take Back Your Control 👊🏽

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Here are the different levels of self-awareness!

#selfcare #selfdevelopment #mindsjournal #themindsjournal

10 Lessons I Learned While Working With William O’Neil (Thread)

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1. The importance of trading psychology and emotional/physical well-being

Trading psychology and physical/emotional well-being is probably one of the least discussed, yet most important aspects of becoming a successful trader.

However, the large majority of traders spend little time if any focusing on this aspect of their trading and instead, dedicate their time to methodology, technique, and “special indicators.”

Start by taking good care of your physical and emotional health.

This means getting enough sleep, eating well, exercising, etc.

Next, pick up a couple of books and study trading psychology. Two excellent books on this subject are, “Trading in the Zone,” by Mark Douglas and “The Psychology of Trading,” by Brett Steenbarger

2. The importance of sound rules to avoid emotional decision making.

Having a sound set of rules that are proven to work is essential to success in the stock market. Why is this so important? Two words. Human nature.

15 Deep Philosophy Quotes From "Pythagoras"

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1. "Do not go to bed until you have gone over the day three times in your mind.

What wrong did I do? What good did I accomplish? What did I forget to do?"

- Pythagoras

2. "The soul of man is divided into three parts, intelligence, reason, and passion.

Intelligence and passion are possessed by other animals, but reason by man alone."

- Pythagoras

3. "The highest goal of music is to connect one's soul to their Divine Nature, not entertainment."

- Pythagoras

4. "Educate the children and it won't be necessary to punish the men."

- Pythagoras

The psychologist Daniel Kahneman won the Nobel Memorial Prize in Economic Sciences in 2002.

His book Thinking Fast & Slow distills his work on human decision making. In doing so, it highlights both the brilliance & limitations of the human mind.

Here’s a summary.

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Kahneman begins by introducing the mind’s two modes of thought.

System 1 is automatic, fast, unconscious & effortless.

System 2 is deliberate, slow, conscious & effortfull.

The first accounts for around 95% of all our mental processing. The second, 5%.

To operate efficiently, System 1 uses shortcuts to produce “good enough” solutions whilst expending as little time & energy as possible.

This creates imperfections in human decision making that economists, and their rational-agent perspective, rarely account for.

Here’s 12:

01: Priming

System 1 is an associative machine. When presented with a word such as “lime”, it will easily generate others, such as “green” or “sour”.

This makes us susceptible to priming, in which a common association is invoked to move us in a given direction.

02: Cognitive Ease

System 1 welcomes information which is more easily processed.

Cognitive ease can arise from repetition and simplicity. Even falsehoods will be accepted if they are simple and familiar enough to be effortlessly processed.