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The importance of emotion in trading.

Anxious:  Am I prepared?  Can I afford to lose what I am risking?  Am I breaking my rules?  Did I drink too much caffeine?

Anger:  Have I not moved from the last trade?  Am I tired?  Is there conflict in my personal life?

Happiness:  Are psychological gains more important than monetary gain?  Am I overconfident?

Indifference:  Do I care?  Is something more important?

It is natural to feel emotion but in an appropriate and proportional way.

Anxious:

To this day, the first trade always produces a little anxiety.  That little tingle in your stomach and shallow breathing.  The same is true when I a trade I have been waiting for sets up.  Above that, I know there is something wrong.

Anger and Happiness:

I am angry after a negative outcome and happy after a positive outcome but in order to adapt more quickly I have to remove emotion from the outcome as soon as possible.  It is more important to focus on what happened and less how I feel about it. Prolonged feelings of anger or happiness causes risk blindness and impedes my learning.  Misjudging risk will prevent me from taking a trade or taking too much risk. (more…)

Young South Korean entrepreneur to sell world's first braille smartwatch

Since Apple’s Steve Jobs launched the iPhone 10 years ago, smartphones have changed people’s lives drastically. For many, it is now hard to imagine living without a device that, as well as making calls, allows you to connect with friends online, search for news, check the weather and watch movies.

However, at least one group of people has been unable to fully participate in the smartphone revolution — the visually-impaired. Eric Kim, chief executive of South Korean startup Dot, recognized this imbalance. In South Korea, 253,000 people were registered as visually-impaired in 2015, according to data from Statistics Korea. And with some 285 million visually-impaired people registered around the world, Kim realized there was a market to bring a more appropriate device to them. 

Now, after two years of ups and downs, the company is making final preparations to release the result of Kim’s quest — the first braille smartwatch. The Dot Watch, which will be priced at $290 before tax when it goes on sale in the next few months, has drawn more than 150,000 pre-orders from 15 countries, including one from musician Stevie Wonder, according to the company. It enables visually-impaired people to check messages, the time and set alarms via a Bluetooth connection to other smart devices. (more…)

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