Need Cleveland Despair? Yes, (Temporarily).
Temporarily despairing could be the clue for the Brown to prevail in Pittsburgh
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…
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:…
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…
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…
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.…
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…
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,…
Trading Emotions – the Latest Research
The latest research on preventing the behavioral risks of emotion overload once again turns out to be counter-intuitive. Instead of using your logic to change your feelings, it appears that embracing your emotions may be the fastest route to calming or changing them. "Tapping into more [emphasis mine] emotions improves…
Nailing Better Trade Exits
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.