DKS

About DKS

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So far DKS has created 249 blog entries.

The Offense and Defense of Trading

Trading is hard. This far-flung, never-ending electronic poker game serves up a mental challenge unlike any other. Anything can happen at any time. It looks like a numbers game but it’s really a people game. The data are numbers but the information is in the relationships between, and the implications of, those numbers.

Ambiguity reigns.

Successful traders […]

Develop the Instincts for Trading

“I got them all wrong” exclaimed one private equity portfolio manager. “Ha! Right!” said another Chief Investment Officer when I suggested that the pattern recognition skills embedded in succeeding with the Bloomberg Tradebook Trader Brain Exercise (TBX > GO) resembled private equity decisions.
With almost ten thousand players, this exercise/game illustrates an underlying hunger for new ways to improve […]

By |October 25th, 2016|Academia, Perception, Risk Decisions, Risk Prediction|0 Comments

WHY Play the Bloomberg Tradebook Trader Brain Exercise?

Last Wednesday Bloomberg Tradebook released the Trader Brain Exercise. Developed in collaboration with The ReThink Group, the “game” essentially warms up the parts of the brain involved in pattern recognition and prediction. A leading decision neuroscientist had this to say about it.
The Trader Brain Exercise is the first in what promises to become a unique […]

By |July 15th, 2016|trader brain exercise|0 Comments

Trading Emotions Echo the Past

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 coaching.

We speak three times a […]

Solve that Cleveland Sports Curse

UPDATE June 20, 2016: I am SO glad the Cavs won! Thrilled. Elated. Vindicated. Ecstatic. Relieved. Joyous. Shocked… not necessarily in that order. Maybe someday I will get to interview LeBron about the cycle of emotions he experienced and used to create this incredible historic victory!

UPDATE June 17, 2016: This time I stayed until the […]

Recover from a Trading Mistake through Writing

A few weeks ago, I attended the annual meeting of The Social and Affective Neuroscience Society (SANS) – a seemingly unlikely place to figure out how to resolve a trading mistake! Those who follow me know I am not only a closet academic but that many of the advanced trading psychology ideas I teach originate with […]

FOMO or Fear of Feeling Bad in the Future

This morning I was talking to a coaching client and we jointly realized that to characterize one of the most powerful trading emotions as FOMO actually misses the most important point. FOMO – or fear of missing out – connotates the fear of missing an event which really isn’t the mental set-up causing one to […]

By |January 5th, 2016|Emotion Analytics, Emotion research, Emotions & Decisions|0 Comments

Should I Stay or Should I Go?

We’ve all asked this question. Should I stay at the party a bit longer? Should I wait and see if the Cleveland Browns might possibly (by some miracle) pull this game out? (NO!)

But I bet it never occurred to you that this is really the central question of trading. It’s the exit that makes the […]

By |December 12th, 2015|Denise Shull, Emotion research, Learning Psych Cap, Perception|0 Comments

Why Advanced Trading Psychology is Your Best Bet

In the Annual Review of Psychology 2015, Lerner of Harvard points out that from 1970 to 1995 there were virtually NO scientific papers on the subject of emotions and judgment and decision making (JDM). From 1995-2000 there were less than 50 a year and then it began to climb. The number of papers doubled from […]

Why Change Your Thinking about Your Emotions?

John Netto, a very successful trader, is currently finishing his book The Global Macro Edge wherein he takes on what he sees as the myths of Wall St. One of the chapters will be titled “Emotions are your Biggest Ally”. How, when it seems emotions are usually our biggest enemy, could John think such a […]

By |November 21st, 2015|Emotion Analytics, Emotion research, Learning Psych Cap, Uncategorized|0 Comments