Price action in the markets is “the tell” – as they used to say. (It seems that is one of those words that has come and gone). But the problem is this said ‘tell’, tells you different things – it can be interpreted many ways. It is what is known as ambiguous. Humans have a [...]
Category: Learning Psych Cap
On
05.22.13 • In
Emotion Analytics, Emotions & Decisions, Learning Psych Cap, Risk Decisions, Trading Education, trading psychology • by
DKS •
Maybe the toughest challenge in trading – or market risk decisions – is resolving the conflict over now or later? Should I get in now or later? Should I get out now or later? One can throw a whole bunch of so-called facts at the question and still be no closer to a satisfying (or [...]
On
04.18.13 • In
Emotion Analytics, Emotions & Decisions, Fractal psychology, Learning Psych Cap, Psychoanalytic ideas for traders, Risk Decisions, Trading Education • by
DKS •
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, [...]
On
02.05.13 • In
Emotion Analytics, Fractal psychology, Learning Psych Cap, Risk Decisions, Trading Education • by
DKS •
Just a few moments ago, I hung up the phone after speaking with a client who heads a trading desk at a bank everyone in the world has heard of. It would be easy to think – “well, that guy has it made”. (Government’s intention to break-up banks and stop prop-trading notwithstanding). Yet, he wants [...]
I followed the dictum for years – or at least I followed it as well as I could. “Plan the trade, trade the plan“. But like everyone else I had trouble with the second part and often chastised myself. That was until neuroscience proved that within uncertainty – like when our brains see markets – [...]
Thanks to one of our favorite clients, Rob from Australia, this quote made it’s way into my inbox this morning. “Nothing is constant, nothing is the way it has always been. So what I find is that people who are really good at this have great intuition, have great instinct. Their gut actually tells them [...]
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. [...]
This fall we are going to do all of the sessions on Friday afternoons. They will be recorded. We will be reconstituting the list – drawing everyone who has ever enrolled in “Access”. Expect to hear from us on the 13th of September. If you think your name should be on the list, please feel [...]
Just Monday evening we presented our latest interactive workshop to a group sponsored by HindSight Trading. Here is what they thought – “We are also compiling some great emails with fantastic reviews of the event so please let me know if you have a certain place you’d like us to post them.” Post away Colin [...]
Traditionally brokers and industry lore report that only 5% of independent, single traders make it. I don’t know if that stat is true or not. Recently one of the currency brokers said that 25% of their accounts were profitable. Here is what I do know – in a nutshell. All of our traditional ideas about [...]