Archive for category: Psychology
12 December, 2009 (17:48) | Psychology | By: Colin McGinley
There’s a nice article by Gary Dayton in the December issue of SFO magazine on mindfulness. After a quirk review of the destructive power of fear for any trader, he shows how just staying in the present is your greatest weapon in combating those fears.
It’s a technique that seems so simple. And it [...]
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19 January, 2009 (15:07) | Psychology | By: Colin McGinley
Having a quiet two weeks of trading to start the year might not seem like the greatest thing in the world. On the face it isn’t really. What I am most content about is the mental attitude during that time frame.
I think the core tenant in this slight shift of thought and outlook [...]
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24 April, 2008 (20:55) | Psychology | By: Colin McGinley
Rob Booker has an informative new free ebook that tackles what a trader can do when they experience a slump in performance. It has the catchy title Help! An angry bear is destroying my account!.
While short and sweet the advice is sound, as I know only all too well from recent experience:
1. Step back [...]
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19 April, 2008 (12:10) | Journal, Psychology | By: Colin McGinley
A few weeks back I came across a very interesting article in the New York Times that delved into research on how we learn new skills. The article looks at how talent is developed and star athletes are trained.
Why does it take so long for us to learn something complicated? What sort of [...]
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18 April, 2008 (22:19) | Journal, Psychology | By: Colin McGinley
My brain is on drugs and I fear this is one of the primary root causes of why my trading has been so erratic recently.
The drug is called dopamine and it is one that is released naturally by the body. There is an increasing amount of evidence being gathered by researchers on how excessive [...]
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