I read the comment below from a daily review from a trader with whom I work. I asked Dr. Menaker, trading psychologist, for his input. I have developed a pattern of being too aggressive (each week, a different kind of way, after I learned my lesson a prior week) on Monday’s. Today did not have to be aggravating. I could’ve … Read More
Katz’s Korner: Do Traders Need More Testosterone?
I received this email from a new trader: You’re probably already aware of this correlation between testosterone and performance as it relates to trading. It’s interesting to consider though as direct empirical evidence for the notion that Division I athletes have a proclivity to be good traders, e.g., Adam Guren. It’s something I tried to keep in mind when I … Read More
Katz’s Corner: Coping with Uncertainty
A recent article from Trader Psyches discusses the challenges traders often face when confronted with the market’s constant uncertainty and ambiguity. Dr. Jonathan F. Katz, performance coach at High Performance Associates, provides his response to the article: “The ambiguity of uncertainty”…..one of the great challenges of life…especially for traders and individuals working in high performance outcome professions like sports … Read More
Katz’s Corner: How Do I Pull the Trigger?
I sent this question from an SMB reader to Dr. Jonathan F. Katz, performance coach, at High Performance Associates. —– I’m sending this message as I am in need of help with regard to a specific issue that I’m currently experiencing. I have studied the market vigorously every day for the past two years. I’ve read and studied many books … Read More
Increasing your confidence as a trader
So you see that a trader really can make it. He has stopped losing money, put up some good days, works hard, loves the work, and is bound to getting better. At this point I move to work on building his confidence. But how do you do this? The worst thing is to applaud a high P&L day. A good idea … Read More