Do we have hot streaks as a trader? There is some research here from the must read @jonahlehrer that suggests that the belief there are shooting streaks in basketball is not supported by the data. I asked Dr. Jonathan F. Katz of High Performance Associates and who works with traders for his thoughts (see below): Ah, the age old question, perception … Read More
Grit: The Better Measure of Potential Success
Jonah Lehrer of The Frontal Cortex shared some important new research on the importance of grit. We can use his thoughts to help us become better traders. The second takeaway involves the growing recognition of “non-cognitive” skills like grit and self-control. While such traits have little or nothing to do with intelligence (as measured by IQ scores), they often explain … Read More