http://www.wired.com/wiredscience/2010/09/the-tight-collar-the-new-science-of-choking/ interesting use of the auditory channel to improve performance when under stress i do the same thing with the use of drum solos to help me concentrate when trading at key moments in the trading day classic chokes — appear to rise from the process known colloquially as “thinking too much” or “paralysis through […]
Tag: Education and Training
Traders Roundtable: the fifth P of successful trading is Performance
A lot of beginning traders are under the mistaken assumption that if they have a back tested system, good preparation, and a relaxed state of mind that they have an almost certainty of being successful. If only it were that easy. All the preparation and the world does not guarantee effective performance. We still have […]
Risk management for new traders
Image via Wikipedia Daytrading seminars, trading books, television commentators and radio advertisements are filled with promises of easy money in the stock market. With just a little bit effort and a fistful of dollars, you too can be enjoying the lifestyle of the rich and famous. We know in our hearts that this is not […]
Leadership and baby turtles
Image via Wikipedia Here is a point I want to make about attribution bias and survivor bias, with respect to leadership theory. Attribution bias is when we assign causation to something incorrectly; Survivorship bias is examining the survivors of an event or an era, to discover what they have in common so as to reverse […]
Developing organizational vision
Image via Wikipedia Sometimes I think of the building of vision in an organization to be like the game of post office in which each communication transaction more of the idea just a little bit and that what we end up with is considerably different than what we started with. It seems like we need […]
leadership in complex adaptive systems
Image via Wikipedia This is a reflection on Heifetz’ model of Adaptive Leadership, a practical prescription from HBS on becoming an adaptive leader in uncertain times The Heifetz model of leadership adaptation requires an ability to develop a theory of action, rules of cause and effect that allow us to diagnose a situation and then […]