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.
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…
Neuroscience & The Risk Manager including White Paper The Art of Algorithmic War
Coates, Shull, other experts weigh in on risk professionals’ attention to their discipline Thursday, May 02, 2013, Risk Professional Magazine (published by the Global Association of Risk Professionals - GARP) By Katherine Heires Over the past 20 years, advances in brain imaging technology and other methods of analyzing neural activity…
The Secret Ingredient to Success in The NYTimes
Last Sunday, the most successful trader I knew from the Chicago Options pits texted me this - "Self-examination is the key to noodle making and other accomplishments." Now you should know two things - 1) this guy NEVER texts - we have been friends for going on 20 years and…
Jamie, Psych Risk Management & Living to Trade Another Day
This is a true story. 3 years ago today (I have this weird memory for dates), I spotted Jamie Dimon and Bill Daley sitting outside Gibsons in Chicago. I just happened to have come from a lunch with Patricia Crisafulli who had written the House of Dimon and I had…
New Model of Thinking and Emotion
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…