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Psychology

The Psychology of Choking Under Pressure

Michael Covel (January 01, 2008)

Once anxiety extends its tendrils into the sportsman or woman's mind, the results can be disastrous. But what causes this choking under pressure? Now Daniel Gucciardi and James Dimmock have put forward ideas.

The Limits To Learning

Michael Covel (September 10, 2006)

John Mauldin authors this white paper (PDF) about 'thinking outside the box.' James Montier is ...

How Do You Compare?

Michael Covel (September 05, 2006)

Michael J. Mauboussin authors this white paper (PDF) on 'investment comparisons.'

The facts are these: (a) value is determined by the comparison of one thing with another; (b) there is more than one kind of ...

Overcoming Market Panic

Michael Covel (September 13, 2005)

Download Brett Steenbarger's Overcoming Market Panic (PDF).

Source: Brett N. ...

Perfectionism Is Not Your Friend

Michael Covel (September 02, 2005)

An interesting excerpt to ponder:

Perfectionism can be a great help to people in many professions, but can be fatal to a trader. Perfectionists, always trying to find the Holy Grail of trading go from one service to another, from one system to another, looking for a way that they ...

Oil Prices Rise to $65 a Barrel

Michael Covel (August 10, 2005)

A headline today from the Associated Press:

Oil prices zoomed higher Wednesday, touching a new high of $65 a barrel, with buyers focused on refinery snags, shrinking U.S. inventories of gasoline and motorists' growing thirst for fuel despite record-high costs.

I wonder ...

Who is John Galt? Ayn Rand Answers...

Michael Covel (July 28, 2005)

Happiness is not to be achieved at the command of emotional whims. Happiness is not the satisfaction of whatever irrational wishes you might blindly attempt to indulge. Happiness is a state of non-contradictory joy a joy without penalty or guilt, a joy that does not clash with any of your ...

Feeling Blue About the Markets

Michael Covel (July 10, 2005)

The New York Times caught our attention today with a "feeling blue about the market" article (PDF).

The above article offers:

I'm shocked at the level of apathy - perhaps even pessimism - about the market, given the ...

Tom Peters Gives Trading Insights

Michael Covel (July 02, 2005)

Tom Peters' insights apply to trading too:

Download Adobe ...

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  • Market Wizards Jim Simons

    The advantage scientists bring into the game is less their mathematical or computational skills than their ability to think scientifically. They are less likely to accept an apparent winning strategy that might be a mere statistical fluke. (Read more)

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