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…

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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:…

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Recover from a Trading Mistake through Writing

[fusion_text]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…

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Empathy and Intuition, Two Key Trading Thinking Styles

Two separate studies interviewing close to 200 successful portfolio managers and traders confirm what Jason Voss and Ravhee Mehta have reported in their books The Intuitive Investor and The Emotionally Intelligent Investor. Being able to read the feelings of other market participants, a form of empathy, and being able to…

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CNBC Squawk Box on Market Mind Games

In case you missed it, here's my segment on CNBC Squawk Box this morning. Had a ton of fun with Joe and Andrew. More later. FRIDAY the 10th ... and yes, this Joe, this approach DOES work with putting too! In fact, it may work even better with putting because…

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All About Alpha & Psychology Today

Here are the links to my thoughts on the needed new paradigm in risk management (All About Alpha) and the three things anyone can do to be more successful in the financial markets. What were they thinking? From MF to LTCM 3 Things anyone can do better to understand the…

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