Comments on: Judging Performance in Unprecedented Markets http://traderpsyches.com/judging-performance-in-unprecedented-markets Trading Psychology, the Thinking Man's Market Psychology Sat, 15 Oct 2011 20:12:01 +0000 hourly 1 http://wordpress.org/?v= By: DKS http://traderpsyches.com/judging-performance-in-unprecedented-markets/comment-page-1#comment-12 DKS Sat, 27 Sep 2008 13:14:35 +0000 http://traderpsyches.com/blog/?p=40#comment-12 Hey Kev - good question. I am in Park City at the Society for Neuroeconomics mtg. Could it have been the impending BK of WaMu? Hey Kev – good question. I am in Park City at the Society for Neuroeconomics mtg. Could it have been the impending BK of WaMu?

]]> By: James http://traderpsyches.com/judging-performance-in-unprecedented-markets/comment-page-1#comment-11 James Fri, 26 Sep 2008 19:01:17 +0000 http://traderpsyches.com/blog/?p=40#comment-11 Personally my trading strategy is untested with respect to the way the market was moving last week. This means only one thing. Stay clear. It is OK to NOT be in a price move. There will be another one. I think I remember learning that in someone’s course, somewhere . . . ;) Personally my trading strategy is untested with respect to the way the market was moving last week. This means only one thing. Stay clear. It is OK to NOT be in a price move. There will be another one. I think I remember learning that in someone’s course, somewhere . . . ;)

]]> By: kevin http://traderpsyches.com/judging-performance-in-unprecedented-markets/comment-page-1#comment-10 kevin Thu, 25 Sep 2008 20:07:50 +0000 http://traderpsyches.com/blog/?p=40#comment-10 what was with the SP cash, futures relationship today, FV like 1.00 and we traded 4-5 dollars over all day? An index change?, Some program shop go out of business, strange short term funding problem? what was with the SP cash, futures relationship today, FV like 1.00 and we traded 4-5 dollars over all day? An index change?, Some program shop go out of business, strange short term funding problem?

]]> By: DKS http://traderpsyches.com/judging-performance-in-unprecedented-markets/comment-page-1#comment-9 DKS Wed, 24 Sep 2008 21:48:46 +0000 http://traderpsyches.com/blog/?p=40#comment-9 Steve, It is a funny thing when the newsbeat is all about confidence in the markets and confidence is a feeling. Yet somehow traders or investors aren't supposed to pay any attention to their feelings or emotions. Doesn't that strike you as ironic? F&E (short for feelings and emotions) are fluid. They can change in a nanosecond. Maybe the change is market related maybe it is outside the market. The clue however is to track them as carefully as you track your markets. By being as in-tune if you will with the ever changing nature of your sense of confidence or determination you give yourself the opportunity to interrupt at least some of the unconscious bias we all bring to risk decisions. This is one key ingredient to improving your decision-making. Which archived article btw? DKS Steve, It is a funny thing when the newsbeat is all about confidence in the markets and confidence is a feeling. Yet somehow traders or investors aren’t supposed to pay any attention to their feelings or emotions. Doesn’t that strike you as ironic?

F&E (short for feelings and emotions) are fluid. They can change in a nanosecond. Maybe the change is market related maybe it is outside the market.

The clue however is to track them as carefully as you track your markets. By being as in-tune if you will with the ever changing nature of your sense of confidence or determination you give yourself the opportunity to interrupt at least some of the unconscious bias we all bring to risk decisions. This is one key ingredient to improving your decision-making.

Which archived article btw?

DKS

]]> By: steve white http://traderpsyches.com/judging-performance-in-unprecedented-markets/comment-page-1#comment-8 steve white Wed, 24 Sep 2008 21:36:50 +0000 http://traderpsyches.com/blog/?p=40#comment-8 What about the imprecise and fluid elements of confidence or determination? (from archived article) I love this question! got my curiosity up. Steve What about the imprecise and fluid elements of confidence or determination? (from archived article)

I love this question! got my curiosity up.

Steve

]]> By: Jeff Wagner http://traderpsyches.com/judging-performance-in-unprecedented-markets/comment-page-1#comment-7 Jeff Wagner Wed, 24 Sep 2008 17:30:09 +0000 http://traderpsyches.com/blog/?p=40#comment-7 I did well with that volatility... but then made a critical mistake. After being up huge gains... I couldn't walk away from it. I did one trade, and lost... and a little voice inside said "stop now, walk away". Long story short, I gave all the gains back and then some, when I wouldn't stop trading... I don't know how to measure that, but the first mistake was not listening to that little voice... Jeff I did well with that volatility… but then made a critical mistake. After being up huge gains… I couldn’t walk away from it. I did one trade, and lost… and a little voice inside said “stop now, walk away”. Long story short, I gave all the gains back and then some, when I wouldn’t stop trading…

I don’t know how to measure that, but the first mistake was not listening to that little voice…

Jeff

]]> By: Tim Ramsey http://traderpsyches.com/judging-performance-in-unprecedented-markets/comment-page-1#comment-6 Tim Ramsey Tue, 23 Sep 2008 23:06:09 +0000 http://traderpsyches.com/blog/?p=40#comment-6 I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. Tim Ramsey I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.

Tim Ramsey

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