An interesting talk about the correlation of Google search and Wikipedia page views to the rise and fall of stock prices. It also extends to the predictability of the stock market indices in general.
Kelly McGonigal: The Willpower Instinct
Anyone having difficulties in breaking bad trading habits should watch this video. Ms. McGonigal presents a powerful framework to help oneself to deal with difficult situations and challenges. This video is like a nice overview of her work on willpower.
Struggling traders should find the time to read her book The Willpower Instinct. It may very well be the book that turn your trading career around.
One point raised in the video is the use of imagining failure is more powerful in enforcing one’s willpower to overcome obstacles than the use of imagining success (a.k.a. the American self-help meme). Notice imagining failure in trading is, in a sense, utilizing the emotions of being cornered in a very bad situation like losing all your trading capital. Could be a very useful tool for those traders who find that they never think this way.
Hedge Fund Market Wizards: How Winning Traders Win by Jack Schwager
Summary
One of the better books on trading in the past 5 years. The Market Wizard series has been a staple of the best selling trading books and this new addition to the series is no exception. I would recommend this book to everyone aspiring to make a living from trading.
Book Information
Hedge Fund Market Wizards: How Winning Traders Win
Written by Jack Schwager
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