We Can’t All Be Above Average
popdoc2011-06-23T15:02:18+00:00I’ve been in NYC this week meeting with hedge fund clients, and also did a lecture at SMB Capital. Earlier today I was in a restaurant and overheard the line
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06, 2011
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06, 2011
Trading Wisdom From Golf Champions
popdoc2011-06-16T17:15:03+00:00Although I don’t golf much, I’ve found that much of the mental game involved in golfing is very similar to trading. Below I’ve listed some quotes from golfing champions
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06, 2011
3 Types of Confidence
popdoc2011-06-07T16:38:36+00:00I’ve been getting a lot of questions about confidence lately. There are many ways to look at confidence for a trader. Is it a belief? A feeling? A combination?
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05, 2011
A Question You Need to Ask
popdoc2011-05-31T15:06:37+00:00Taking a pre-defined loss is part of the business. Exiting a winning trade and watching it continue to work without you is part of the business. Missing an opportunity is
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05, 2011
Walking The Plank
popdoc2011-05-19T13:38:54+00:00The mind is very powerful. We interpret things based on how comfortable we are, and we decide to take action based on that perceived comfort level. It reminds me of
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05, 2011
Are You Comfortable?
popdoc2011-05-03T16:30:42+00:00People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept
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04, 2011
Unavoidable Disappointment
popdoc2011-04-26T16:07:38+00:00If you’re trading for emotional satisfaction, you’re bound to have lots of problems and continue to struggle, for two reasons. First, often that what feels good is often the wrong
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04, 2011
WITT – What Is The Trigger?
popdoc2011-04-20T18:43:37+00:00You need to know WITT Most market participants spend the majority of their time trying to understand and predict what triggers a move in the market. But the majority of
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04, 2011
Your Brain Is Not A Computer
popdoc2011-04-14T17:08:26+00:00Many models of cognitive functioning like to use computer analogies. That can be okay, but has limited utility when you're actually trying to change something about yourself. The computer model
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04, 2011
Do You Really Know Your Edge?
popdoc2011-04-08T14:08:10+00:00Many traders who do happen to have an edge with their methodology are still not performing well. If that was not the case, many more traders would be profitable. As