Every now and then someone calls me and asks me to recommend a “prop” firm and now I can just send them to this article – Surfing the Tsunami, New York Mag, Feb 2 issue Evidently this is news to the magazine but from my vantage point, this is no different than the desk I [...]
Archive: January, 2009
…that is always how Fed afternoon strikes me. All of us short-term, high-frequency traders staring at the screens ready at least to watch the fireworks. Sometimes I find myself laughing at 2:14:30 Eastern time. Some of us love it (me) and some of us think it is insane (me too) but we watch …. wait [...]
Just when we were getting used to 500 point intra-day ranges, we are back to the pre-credit crash markets. Ahhh those were the days – only a few short months but it feels like an eternity. I mean the WSJ journal headline this morning was “Lending Drops at Big Us Banks” – now that means [...]
On
01.23.09 • In
Emotions & Decisions • by
DKS •
With apologies for being out of touch, I would like to make a couple of notes on psych cap. First, and I have said this before in different way, it really does appear that our brains have special “curcuits” for detecting imprecision or uncertainty. In other words, that feeling that someone or something is there [...]
Everything. I said it on the Cavuto show on Friday November 14th – “they will come back to buying the assets because the market needs a bid. It has to find a bid somewhere and nothing will be fixed until it does.” I have said it before in this blog but since getting the &#)@)#? [...]
On
01.14.09 • In
Definitions • by
DKS •
If you heard the term, what would you think? to be continued ….
Right after “what the heck is psych cap” should come “what the hell is neuroeconomics”? Neuro on one hand and econ on the other? … Could they be more different – microscopic brain cells versus broad based financial interworkings? Having just received (Thanks Sandy!) my copy of NEUROECONOMICS, Decision Making and the Brain, edited by [...]
On
01.07.09 • In
Learning Psych Cap • by
DKS •
Frankly I am in a lousy mood right now. I think it is because of all the little annoying things one must tend to when they have a website and a business that involves suppliers. … One of which is, we changed our subscribe feature to this blog. We wanted to make it easier for [...]
Okay it’s the name of this blog and a term we banter about but what do we mean? In short, we mean the power of an entire human psyche – intellect, thought, senses, feelings, emotions and energy. Each factor weighs in on the judgment, decisions and performance a trader (or investor) delivers and hence, elevating [...]
This is a book everyone should read (even if this Economist link isn’t exactly flattering). My virtual sister-in-law gave it to us for Christmas (trader/market shrink and economist/options trader in the house after all) and I am very glad she did. In these days of blaming the bankers and even capitalism for the economic descent [...]