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…
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…
To the melody of the Jungle Book's Bare Necessities, here's a little song about ambiguity aversion. Best sung with Louis Armstrong playing the original in the background! http://www.youtube.com/watch?v=MbUv_Tnnl2g Embrace the ambiguities The simple ambiguities Don’t chase every tick in every move Just face the unpredictability The financial markets’ recipe For…
At the recent Neuroleadership summit in Boston, Lisa Feldman Barrett articulated a whole new view on the appropriate model for understanding our thinking and our feelings. "Lisa challenged some of the most deeply held ideas about how the mind works in her session. She stated that Daniel Goldman’s theory on…
... or so says the WSJ today. "It was 75% engineering and 25% a miracle," said topographer Macarena Valdes as she was speaking of her own role in the rescue. I submit that maybe only 75% was engineering but the miracle portion occurred within Ms. Valdes' brain! She acknowledged using…
Two new terms you will (eventually) read in this book I am feverishly working on. (It's true - I am having a blast and really want nothing else but to be able to work on it... hence, my choice of the word feverishly): "Travesting" - meaning the combination of trading…
Here are some of the things I've been thinking about: The two areas in trading that separate the men from the boys (so to speak) are: 1.) The ability to divide environmental perceptions in half and process them separately. First I ask myself what I am feeling and in doing…
1. Was it purposeful? 2. Were specific orders entered that would "sweep the book" in PG, MMM and Accenture? Why those stocks? 3. Why 2:40 pm? Isn't that a suspicious time in terms of margin calls from clearing houses and expiration of limit down rules @ NYSE? 4. What kind…
UPDATE TO POST "Joining the Options Counter Culture" 1. Nice to have a tutor in thinkorswim software ... better to have it be the same guy you drink margaritas at home with. 2. A put spread risks less than just buying calls. 3. I am actually bearish for May and…
Despite the fact that the guy who got me into the trading business in 1994 had been almost an original CBOE floor member, despite the fact that one of my best trades ever was a covered write on LU in July of 1999 (think sell Lucent @75), despite the fact…
