Feb
10
Swagger Thoughts, from Ken Drees
February 10, 2009 |
The psychological trick or tactic in "the Dark Side of Psychology," a simple verbal probe into the mind of an opponent, is underhanded. This reminds me of a successful tactic I employed numerous times in money games of pool — think college/yuppie bar scene.
On a high pressure shot to close out a money game, as my opponent would be carefully sizing up his shot, I would casually walk over to the cue rack and put my cue-stick into the rack, maybe grab my coat or grab the hand of my date showing the opponent in not so many words that his shot was in the bag.
Depending on the skill of the opponent, this tactic worked on many occasions. You could feel the pressure building and the more time the person would take for the shot, the worse the self inflicted pressure became. The other result would be a quick shot by the opponent — just as bad. The strong opponent with mental toughness would just drain the shot and pick up the money.
But the tactic itself is underhanded. It shows that I was relying on a trick to save my game. It also says volumes about why I was not the one taking the final shot — I was being beat. I wonder if such tactics in chess or other higher games of skill would somehow subconsciously undermine the person performing them. If that person is concentrating on tricking and tearing down the opponent through psychological flattery, then one is not concentrating on your own game and reducing your own strength.
Lets assume I plant these destructive seeds in my opponent prior to my match with him, I would have to believe that I would be thinking about this during the game. Thereby, I would be weakening myself. Maybe it would be best to try this dark psychological probe on the leader when he is about to play his final match against someone else — and you would be playing another, free to concentrate fully on the game and not the trick.
I thought long about who my opponent would be in the markets in regards to dark psychological flattery. No outside person tries to infect my mind with this underhanded trick.
It is obviously myself: my own mind, my own thoughts, my own vanities. How could I psychologically trick myself through flattery when I am doing well in trading? For me the self inflicted psychological probe starts after a nice win streak, usually on a monthly score card review (The chess player having a great tournament). I notice that after a "good" month I start to get a slight swagger to my thoughts, after a nice roll — two months or so of fine results with only small losses incurred, and taken quickly — like a "pro", I start to verbalize these thoughts.
This cumulates in a big wave of talking about the markets to my wife. I notice that after one or two of these "Honey, I really am doing well" dinners, always with plenty of wine, things start to turn down for me in the markets. I start to hit bumps in the trading road. Patterns change, loss frequency increases, etc. What had been working well is now not yielding the same results.
Ongoing I want to start tracking these "swagger" thoughts more closely and see if I can quantify them and get a count or a log going where I can more thoroughly understand where I am in terms of the probe. It happens to me over longer periods of time — months. If I have an up month and then a flat month — the build up doesn't happen. One day big wins never get me too excited since I always consider them as flukes. It seems that my own self inflicted flattery is insidious, building up slowly and then manifesting itself in an attack — an attack that actually feels natural and good.
Comments
Archives
- January 2026
- December 2025
- November 2025
- October 2025
- September 2025
- August 2025
- July 2025
- June 2025
- May 2025
- April 2025
- March 2025
- February 2025
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- Older Archives
Resources & Links
- The Letters Prize
- Pre-2007 Victor Niederhoffer Posts
- Vic’s NYC Junto
- Reading List
- Programming in 60 Seconds
- The Objectivist Center
- Foundation for Economic Education
- Tigerchess
- Dick Sears' G.T. Index
- Pre-2007 Daily Speculations
- Laurel & Vics' Worldly Investor Articles