- The Big Picture - http://www.ritholtz.com/blog -

Blog Spotlight: Trader Feed

Posted By Barry Ritholtz On October 17, 2006 @ 7:00 pm In Blog Spotlight | Comments Disabled

Another edition of our new series:  Blog Spotlight.

We put together a short list of excellent but somewhat overlooked
blog that deserves a greater audience. Expect to see a post from a
different featured blogger here every Tuesday and Thursday evening,
around 7pm.

Next up in our Blogger SpotlightTrader Feed [1], by
Brett N. Steenbarger, Ph.D. 

Brett is Associate Clinical Professor of
Psychiatry and Behavioral Sciences at SUNY Upstate Medical University
in Syracuse, NY and author of The Psychology of Trading [2] (Wiley, 2003).
As Director of Trader Development for Kingstree Trading, LLC in
Chicago, he has mentored numerous professional traders and coordinated
a training program for traders. An active trader of the stock indexes,
Brett utilizes statistically-based pattern recognition for intraday
trading. Brett maintains an archive of articles and a trading blog at Trading Psychology [3] and a blog of market analytics at Trader Feed [1]. His book, Enhancing Trader Performance,
is due for publication this fall (Wiley).


Traderfeed_1 [1]


Today’s focus commentary looks at:   

Observations on Life and Markets [4]   

• Investing is the most difficult of sports: nowhere else does one begin a career by opposing the world’s most accomplished professionals.

• Respect is the first casualty in lost love.

• Four industries dominate the economy:  hope, escape, protection, and convenience.

• Success is the point at which talent and skill meet opportunity.

• The aim of all trading education:  to encourage trading.

• The printing press democratized the acquisition of knowledge; the computer has democratized its dissemination.

• Date markets before deciding to marry them.

• Anatomy of a bad trade:  Hope, then despair.

• Love, once present, never dies.  It must be killed.

• Many a trader fears boredom more than loss, thereby experiencing the two in sequence.

• Work without talent is drudgery; talent without work is self-betrayal.

• Good traders master a market; great traders master markets.

• Goodness of character is measured in loyalty to others; greatness of character is measured in loyalty to principle.

• One encounters losing traders as often as one encounters losing golfers–and for much the same reason.

• Show me what a man loathes, and I will show you what he cannot accept in himself.

• Trading is the only sport in which the rules governing the players change constantly—and without notice.

• The essential message of Web 2.0:  Knowledge resides in minds, not just mind.

• Two traders: one increases size after a loss; the other gets smaller.  Both continue to lose.

• The absence of self-acceptance too often masquerades as the quest for self-improvement.

• Fidelity to purpose:  the mark of good investments and great investors.

• Talent is the better part of trading psychology.

• The foolhardy trade is the courageous trade held a few minutes longer.

• In all fields, performance belongs not just to the talented, but to the prepared.

• Self esteem is treating ourselves with justice, not kindness.

• Addiction:  when the desire to trade exceeds the desire to make money.






Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2006/10/blog-spotlight-trader-feed/

URLs in this post:

[1] Trader Feed: http://traderfeed.blogspot.com/

[2] The Psychology of Trading: http://www.amazon.com/exec/obidos/ASIN/0471267619/thebigpictu09-20

[3] Trading Psychology: http://www.brettsteenbarger.com/

[4] Observations on Life and Markets: http://traderfeed.blogspot.com/2006/10/observations-on-life-and-markets.html

Copyright © 2008 The Big Picture. All rights reserved.