The Ingredients Necessary for Trading Success
Jonathan Bricker is a researcher on behavioural change. His work shows that discipline alone is not enough to induce changes on negative behaviours or habits. Instead, having a strategy based on acceptance and commitment allows for much better chance of success in permanent behavioural changes.
For traders who have impulsive behaviour like over trading and deviation from their trading plan during trading, it is a good introduction on what is necessary to correct the behaviour.
A very interesting video by Tim Ferriss about his book The 4-Hour Body at Google Talk. If the book title has not stirred interest in you, the subtitle may – an uncommon guide to rapid fat-loss, incredible sex and becoming superhuman.
If you are interested in what Mr. Ferriss did to improve his physique, you can simply read his book.
What makes this video different is that he discussed his methods and experiments done in search of most effective ways to improve human performance.
One insight he has is very interesting – it is the extreme inform the mean not vice-versa. By studying the extreme cases, you learn a lot more about the characteristics of the things you want to understand than just looking at the average or the mean. Isn’t this true for trading for which the extremes matter more than the various summarizing averages and indicators?
Trading puts a lot of stress on our brains. Stress hurts our brains. This talk sums up the latest understanding in neuroscience on how to keep our brains healthy. In short, to stay smart one needs to exercise, rest well, eat well and active learning. The extra part about sex … well, I will let you decide.
