I think there are two parts to this pstchology stuff - the psychology of being in the market, which I think it is possible to experience without having a huge stake in the market. I sometimes just pull up asmall timescale chart and have a "pretend bet" - write it down, with the stops and everything noted and trade it - for me anyway, I can experience those emeotions as long as I don't look away from the charts - keep watching the little dot move up and down for the whole period of the bet.
Success is to make a profit allowing say 2 pips for spread when you come out.
Failure is to make a loss. Try it
This is pretty much the same for all of us and you can see it on the charts in those long rejection tails on the bars on high volume, just at the turning point.
The other aspect of trading psychology is our own individual psycholgy. I think it was Alexander Elder, but it could have been Van Tharp - or Even "buddy Swartz" (Pit Bull) who referred to "Sunspot moments" where you trade fine for a long time and then for some strange reason one of these moments comes along and you just take an irrational risk and get blown out. I read that and thought "I do that" - in all aspects of real life as well as in trading. Just that recognition has made my life much better because now I say to myself "Is this a sunspot moment" ?
Just like in real life, we get a load of sunspots (or is it the other way round) and then we get an "El Nino" in real life - or "Global warming" even )
I play online poker, which I understand is illegal for those of you in the US, but I find it a huge resource for understanding my own psychology.
The page is telling me that this is an old topic and do I really want to revive it ?
My answer is Yes I do, this aspect is a large part of the success or otherwise of our enterprise and is so often a neglected part of our education.