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Category Archives: Trading Psychology

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Everyone Wants To Be Happy

Get Your Shit Together, Health and Fitness, Trading PsychologyBy Chris TateJune 7, 2015

As a therapist, the number-one goal I hear from my patients is: “I just want to be happy.” I ask, “What would being happy mean to you?” The answers range from “Everything I wish for will happen” to “I will feel good all the time” to “I won’t ever feel sad or disappointed.” These patients…

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What Has The Mentor Program Taken Away From Me

Trading Psychology, Trading ResourcesBy Chris TateJune 6, 20152 Comments

The current crop of mentorees have just finished the first half of their course and are waiting to start to the final three months. One of the new group penned this list of what he had lost courtesy of the program. The illusion of specialness – “Yep I was one on them. I thought things would…

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Prediction

Get Your Shit Together, Trading PsychologyBy Chris TateMay 28, 20156 Comments

Love this chart by Jon Boorman at Alpha Capture  

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So What?

Brokers/Fund Managers, Economy, Trading PsychologyBy Chris TateMay 26, 2015

I got bounced the snippet below by a punter who had taken it from The Reformed Broker This particular punter has a penchant for anything that indicates that the market might be about to have a correction of any sort. As such they are drawn to this sort of analysis. The drivel about trailing PE’s…

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Mistakes

Get Your Shit Together, Trading PsychologyBy Chris TateMay 22, 20153 Comments

Another clever piece from Behaviour Gap

Careful Who Your Family Members Are

Health and Fitness, Trading PsychologyBy Chris TateMay 17, 2015

Not surprising since there is some evidence that eating disorders may be socially acquired. It is therefore not a stretch to imagine that other forms of psychological trauma can be based around the family unit. Anxiety is ‘contagious’ and can be passed from parents to children and the other way, a new study finds. The…

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Outsmart Your Own Biases

Get Your Shit Together, Trading Psychology, Trading ResourcesBy Chris TateMay 16, 20151 Comment

……..It can be dangerous to rely too heavily on what experts call System 1 thinking—automatic judgments that stem from associations stored in memory—instead of logically working through the information that’s available. No doubt, System 1 is critical to survival. It’s what makes you swerve to avoid a car accident. But as the psychologist Daniel Kahneman…

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What Would You Pay To Be Happy?

Aspiration, Get Your Shit Together, Trading PsychologyBy Chris TateMay 15, 2015

The happiest man in the world is a 67-year-old Buddhist monk called Matthieu Ricard. He starts his day sitting in a meadow in front of his hermitage in Nepal. He watches hundreds of miles of Himalayan peaks glowing in front of him in the rising sun. The scene “blends naturally and seamlessly with the peace…

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Information Overload

Economy, Trading Books, Trading PsychologyBy Chris TateMay 13, 20153 Comments

I am currently rereading Nate Silvers – The Signal and the Noise: Why So Many Predictions Fail – but Some Dont . It is a book that I consider compulsory reading for  any trader. The first part of the book deals with baseball – a sporting endevour which lends itself to statistical analysis and which has seen…

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