April 24, 2008

Bear trouble

Posted by : Colin McGinley
Filed under : Psychology

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 [...]


April 19, 2008

Tekhnika

Posted by : Colin McGinley
Filed under : Journal, Psychology

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 [...]


April 18, 2008

Dopamine high

Posted by : Colin McGinley
Filed under : Journal, Psychology

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 [...]


April 2, 2008

The long haul

Posted by : Colin McGinley
Filed under : Psychology

How long do you want to be trading for?
Do you want to make those millions as soon as possible so that you can then retire to a life of luxury on your own sun-kissed desert island?
Personally I’m in it for the long haul. I view trading as an activity that I’ll be doing for [...]


February 10, 2008

Never give up, never give in

Posted by : Colin McGinley
Filed under : Psychology

I’ve been listening to an audio book version of Napoleon Hill’s classic Think And Grow Rich on my daily commute for the past week.
There has been one point made that has really struck home to me as I’ve listened to this book again. This single point is said in several different ways throughout the [...]


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