You Can’t Stop Your Brain from Predicting.
Human brains predict. In fact, we constantly anticipate in order to perceive anything.
Human brains predict. In fact, we constantly anticipate in order to perceive anything.
Ignore those who say you shouldn’t have desire. You should, you can, and you can use desire to achieve what you want. Take the desire and ask yourself “What would I need to do IF I were going to actually achieve this?”
Temporarily despairing could be the clue for the Brown to prevail in Pittsburgh
Here’s an example of how leaning into all of your feelings - even the so-called "negative feelings" - works. This morning I went to my usual, fairly challenging, workout class at Equinox. Between my own suspected concussion (surf board to head) + my dog’s trip to the emergency room, I’d…
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…
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…
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…
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,…
Accepting that a whole host of feelings occur in the prospect of exiting a trade helps your ability to act on the intuitive or integral feelings that give you market information.
It unfortunately remains the predominant and conventional wisdom that the best trading occurs from so-called purely rational (read: statistical) and non-emotional analysis. Alas, it's just not true. In fact, it isn't even possible for a human being to make a risk-decision devoid of feelings and the most-forward thinking research says…