Today is one of those market days when the price goes basically one way. For some, these days can be their best money makers – they know how to push the pedal to the metal when the time is right. For others, they tend to be their worst days – the think they have missed [...]
Category: Learning Psych Cap
In the past few days, as the markets have swung wildly from the proverbial trees, I have had the occasion to be interviewed by a number of journalists. The questions underscore how much the general public has yet to learn about what the experts know about the brain. For example. 1) Your brain will NOT [...]
First, you start out with the fact that all incoming information of markets amounts to an ambiguous soup. In other words, no matter what you do, you can’t escape the ambient uncertainty… yet many researchers and thinkers (Keynes and Ellsberg for two) have shown that we shy away from ambiguity and uncertainty… Next, when you [...]
Fortunately or unfortunately, I am old enough to remember this song. Unfortunately or fortunately, my memory however isn’t completely sure whether it was Karen Carpenter or not…. But in any event, the point I want to make is that Mondays and particularly Mondays after a holiday sit within one of the many special contexts of [...]
On
03.10.11 • In
Fractal psychology, Learning Psych Cap, Psychoanalytic ideas for traders, Risk Decisions • by
DKS •
Having had the privilege to coach hundreds if not thousands of traders in my roles as first a trading desk manager and then as a mental trading coach, I can promise you that not matter how much capital someone is trading – $10,000 or over a billion dollars – everyone regularly asks “why the H*() [...]
Dear Denise, I hope you are well and that your book is coming along nicely. I haven’t written in awhile, but I’ve been having quite a time with the Access course. When I began, I made steady progress through the first four or five chapters, and my trading was improving as well, though I didn’t [...]
It’s not black, it’s not white, I can’t even fight I hate it ! I hate it ! I hate it ! My stomach crawls & rumbles My palms sweaty, A rat caught in the eyes of a snake, I begin to shake, So many wrong choices, only one right, Hindsight laughs in my face. [...]
To Trade or Not to Trade Hey I took a trade today I sit and watch it with dismay Will the plan follow as I have laid? Away you indefinite penny arcade The stench of fear invades my being Wondering if what I am seeing Is solid as I think it is Confirmed or antithesis [...]
I woke up this morning, still thinking about ambiguity and my natural aversion to…. Well, mornings. After a cup of Joe and a slice of shingle with a shimmy and a shake, I set myself down the ponder: Ambiguity Coveted by politicians and poets… Distained by science and law. “political science” or “poetic justice”? Artist, [...]
the peak n e a r i n g the snowy summit the comforts of the slow and steady climb slip away the air has changed gazing off the windy peak inside churns – excitement erupts voices clamoring to be heard Maslow entices me to take it to a higher level Darwin implores – be [...]