psychology

|
Improvement: Pro #athletes do #warmups, why don't #traders do #tradingwarmups?

I was listening to @steenbab (Brett Steenberger’s Blog) on @chatwithtraders this morning and something struck me as a corrolary to a lot of what was being discussed about habits and postivity. Profesional sports stars warm-up every time they have a match and they train and repeat to ingrain positive habits into their psyche. Trader’s mostly (hopefully)
Read More

|
Improvement: Reasoning with the Irrational

If you have been involved in financial markets you have no doubt found yourself, at some time, reading a swiftly written article after a particular market move and either crying or laughing at the post-hoc justification given by the author based on some random piece of economic information that suits their headline. Unfortunately it is not
Read More

|
Improvement: Grinding it out and taking a profit

The psychological benefit of little victories can be very under estimated, particularly in times of adversity. The confidence that can be lost in difficult times is worth it’s weight in gold, and needs to be rebuilt bit by bit as it was built before. Destruction and reconstruction is a human and natural cycle and the same
Read More

|

I love markets, I love their inpredictability, I love their sometimes seeming apathy and sometimes over zealousness for “market-moving events”. People interested in markets do a lot of things – they can look at charts (as I do a lot), they can read articles about business and they can study economic fundamentals long into their evenings and weekends but when it comes down to it markets don’t always care!