Latest Posts
rssSuccess is more than what you can see!
Russia's Military Exercises Are 10 Times Larger Than NATO's
Steve Jobs on persistence and entrepreneurship
Fortune
-From 12:20 till end session……….Watch Unexpected movement-
Our Final Judgement :5690 is Major Support !!
Hurdle for Nifty Future @ 5865,Crossover and stays above will take to 5935-5960 level.
Rally for 1 to 3-5 DAYS if happens–Great for Bears !!!
-More Details to our Subscribers,Updated at 10:06/28th Feb/Baroda
"Their prices could double, triple or quadruple immediately and still be reasonable" Chap 4: A Conservative Look…
Global credit risk: world, country and industry factors
Gut Feelings
We’re all quantitative traders, but we still have gut feelings. The body has a self awareness of its internal conditions. The stomach has more bacteria than human cells. The stomach has more seratonin receptors than the brain. When nervous you can feel the butterflies. You get gut feelings about things that govern conscious decisions. I have a theory that dreams are the sleeping brain receiving feelings from the body and stomach during the night. Gut feelings are distinct from the amygdalian flight impulses. I’ve never heard of any studies or information about gut feelings other than anecdotes. How often has a gut feeling saved you, or how often does it lead to wrong decisions?
Dr. Janice Dorn a former list member, wrote a book, in which she and her co-author argue that your gut feeling is not programmed for market risk, but market risk will give your gut the opposite reaction than you should take. When I tried trading the stronger my gut was scared the more I knew I should trade and vice-a-versa the more passive I was about my position the more I knew I should be out. Rather than honing in on this “skill”, I would suggest a more palatable method, nerves were my undoing as a day trader. I suspect Dr. Brett S. would say something similar.
How to teach yourself to focus
“Focus cannot be underestimated. I think that is a reason why some of the smartest people don’t become successful; they have a hard time focusing.” – Cyrus Massoumi
When Google’s Larry Page asked Steve Jobs for advice before he passed, his advice to Page was, “Don’t get distracted. Focus.”
Every day we must face so many distractions and each one has the potential to take our focus and profits away. Learning how to focus is not a skill that many of us have – you must teach yourself how to do it.
From now on, start each work day by asking yourself one simple question – what is my top focus today? Write your answer down (I recommend using this free template as a starting point) and remind yourself every hour through a timer (like on your phone) to focus on that one thing through the entire work day.
Do this exercise every single work day for a full six weeks and you will not only improve your focus tremendously (and see the benefits from doing so) but you will also realize how unfocused you have really been. When traders I have been privileged to closely mentor have done this exercise, each and every single one have reported back that it was a worthwhile endeavor.