A trader I coach predicted this as the best positioning for Brexit : Short the pound, short the S&Ps, long gold and short oil. This is John B. - a guy with 20+ years of very successful experience and a recent history of working on separating instinct from impulse through…
What phenomenon does this partial quote describe? “...people all of whose human relationships have the same outcome: such as the benefactor who is abandoned in anger after a time by each of his protégés, however much they may otherwise differ from one another, ...or the man whose friendships all end…
Shull's first article "What Would Freud Say? Stroll Down Freud's Mental Path to Profits", December 2004. When I wrote this I had NO idea whatsoever that I would ever publicly write or say ANOTHER word on the psychology of trading. It was just an idea I had based on re-writing…
Originally posted on Business Insider, April 17. Conventional wisdom in trading psychology used to depend on two primary tenets – discipline and ‘control your emotions’. But that was before neuroscience started putting traders, poker players and other risk-gamers into brain scanners. Now that we know that all decisions depend on…
In response to the post and discussion here by @ppearlman, @andrewunknown asks: Phil's last line: "So, even awareness is overrated. Its a start but really its about your choices. Its where the training begins, not ends." Denise: "What is standing in between the "knowing" and the "doing"?" These quotes rather…
