The only way to do that is to help them understand the reciprocal role between acting, feeling and thinking …. and then to help them learn how to deal with, manage and even LEVERAGE their emotions.

Because I was tired. I just finished reviewing the new self-driven workshop and I just reviewed the research that says if we are tired we take greater risks… and I guess I felt obliged to prove them right.

It seems like it would go without saying but it doesn’t. A key to making money as a speculator is knowing what combination of market factors you are looking for – and then waiting for the elements to converge. This starts with knowing what your factors are…. can you describe them? In enough detail so [...]

It is very easy to think that we trade the chart or the probabilities – but in fact we trade against other people’s choices in response to the price movement. It is then easy to say “well how do I tell the difference?” Ask yourself the question “what is everyone else doing given what has [...]

Black Swan pattern confirmed ….

The vast majority of the investing world wants to feel as if we have seen the bottom. They never put their flashlights down looking for the glimmers of hope, or mustard seeds as Kudlow calls them, that the worst is behind us. But why should it be? Technically the market has to take out the [...]

I have said it before and will say it again, FDR was wrong. It is not that the only thing we have to fear is fear itself, the only thing we have to fear is no fear at all.

Most likely I am preaching to the choir but I sure wish President Obama understood this. It is all too easy to blame “greedy Wall St.” What about the homebuyers, mortgage officers and most of all the rating agencies that really got us into this mess? And furthermore, how does any self-respecting economist expect to [...]

See probabilities are not enough if you don’t also listen to your instincts and learn to tolerate the miserable feelings of being nervous or predicting that something could go wrong. That kind of Emotion Analytics would have saved Boaz …. or Brian or…..

Today a very sophisticated systematic (quantitative) trader said “Discretionary trading wasn’t around before the 1980′s.” I am still stunned. Maybe he is 22 years old or something…. but can anyone explain this to me? He might have met “money managed in a discretionary manner” but still…….