Denise Shull

ReThinking Trading Psychology 101 (version 2)

Originally posted on Business Insider, April 17.

Conventional wisdom in trading psychology used to depend on two primary tenets – discipline and ‘control your emotions’. But that was before neuroscience started putting traders, poker players and other risk-gamers into brain scanners. Now that we know that all decisions depend on the presence of an emotion, most […]

Huge Market Moves

There it is – the market up 200+ points and you didn’t make a dime. Man is that maddening. You knew (at least kind of) that it was coming but you didn’t take a position. You saw a small pullback but hesitated.

Now you are aggravated – mad at yourself and feeling like you missed something. […]

By |January 2nd, 2013|Fractal psychology, Markets|0 Comments

Trading Truisms that are really “Trading ‘Psychology-isms”

Here’s a few –

Plan the trade, trade the plan.

3 losers in a row and stop for the day.

Make just $500 ($5000, $50,000) every day.

Control your emotions.

Each one of these is really about the mental game of trading. But each and every one reduces your odds of being a successful trader.

1. Markets are uncertain and human […]

By |September 20th, 2012|Learning Psych Cap, Risk Decisions, Trading Education|0 Comments

Risk & Uncertainty: Better Judgment

It’s easy to confuse the two but as Frank Knight wrote almost a century ago, they are two different things.

Little did he know, that in addition to his logic, the brain reacts to each differently. With risk, or KNOWN probabilities, the brain can handle it in a more or less linear way. With uncertainty, which […]

It never ceases to amaze me ho…

It never ceases to amaze me how “Regret Theory”, while SO instructive, has been missed by psychologists & economists. http://t.co/lNfxouQ2

By |August 15th, 2012|ReThinking, Risk Prediction|0 Comments

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 there are actually fewer uncertainties than […]

By |August 9th, 2012|Golf, Perception, ReThinking, Risk Management|0 Comments

MARKET MIND GAMES, A Radical Psychology of Risk

Risk ain’t what it used to be – if fact, most of the time it isn’t even risk at all. Instead it is something called Knightian Uncertainty – or the fundamental inability of humans to know for sure what will happen tomorrow. Yet we have to make decisions about tomorrow all the time.

Reams have been […]

By |January 8th, 2012|Perception, ReThinking|0 Comments