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The psychophysiology of trading

  
  Education
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The paper is old (2002) but still interesting. Andrew W. Lo and Dmitry V. Repin in “The Psychophysiology of Real-Time Financial Risk Processing” report the results of their experiment to measure the emotional responses of ten traders—five highly experienced and five with low to moderate experience. They wired up these traders to plot real-time changes in their skin conductance, blood volume pulse, heart rate, electromyographical signals, respiration, and body temperature.

Although the sample is very small and hence just a first stab, the authors noted some significant differences between the two types of traders. The less experienced traders, for instance, seem to be more sensitive to short-term changes in such market variables as deviations and trend reversals. Both sets of traders, however, saw spikes in their blood volume pulse in the face of volatility events.

Lo and Repin conclude that “emotion is a significant determinant of the evolutionary fitness of financial traders.”

Contradictions

  
  Education
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Contradictions are what make love grow. Conflicts are what allow love to remain by our side.
Life is too short for us to keep important words, for example, ‘I love you’, locked in our hearts.
But do not always expect to hear the same words back. We love because we need to love. Otherwise, love loses all meaning and the sun ceases to shine.

And yet, even when Love does not appear, we remain open to its presence. Sometimes, when loneliness seems about to crush everything, the only way to resist is to keep on loving.

Our great goal in life is to love. The rest is silence.

We need to love. Even when it leads us to the land where the lakes are made of tears, to that secret, mysterious place, the land of tears!
Tears speak for themselves. And when we feel that we have cried all we needed to cry, they still continue to flow. And just when we believe that our life is destined to be a long walk through the Vale of Sorrows, the tears suddenly vanish.

Because we managed to keep our heart open, despite the pain.
Because we realised that the person who left us did not take the sun with them or leave darkness in their place. They simply left, and with every farewell comes a hidden hope.

It is better to have loved and lost than never to have loved at all.

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