I haven’t been trading this week due to computer problems and the need to catch up with clients while I prepare to leave on a 2-week vacation early Friday morning.
I’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
Although 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
Taking 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
The 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
You 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
Many 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
Many 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
Everyone talks about uncertainty, and many of you realize that the only thing that is certain in trading is uncertainty. The problem is that most people understand it on an
The alternative title for this blog was, 'Cognitive Flexibility Pays' Some things never change. When humans are faced with information or data and need to decide what to do with
