Thursday, November 16, 2006

Some Worthy Reads For A Thursday Night

It's so nice to have finally found a good online connection here at the convention facility. If you've emailed me or sent blog comments, I'll get to the backlog ASAP. (I had 812 emails in my inbox when I opened it a few minutes ago!) I'll also be updating the Weblog by late Friday.

Meanwhile, here's some great reads from across the financial blogosphere:

Michelle B. via Trader Mike discusses finding your trading niche. See also Mike's post on moving averages--a nice concept you can apply to tracking your trading results.

Lots of good links from Charles Kirk, including fear and greed and a worthy simulation platform.

What to make of the low VIX? Views from Adam Warner.

Has there *really* been Fed tightening? Great blog spotlight from The Big Picture.

Inflation, money supply, and more among the links at Abnormal Returns.

Zoom-mobile stock picks from Jon Markman.

Do-it-yourself hedge funds from CXO Advisory.

Maximizing your returns, a quant view from Dr. Chan. Here's a psych perspective on returns from Random Roger.

2 comments:

Roshigary said...

On a tangent, I recently discovered Daniel Gilbert's blog, a psychologist like yourself.

http://www.wjh.harvard.edu/%7Edtg/gilbert.htm

Here's an excerpt where you can draw the obvious relationship to trading psychology:

If we glance at a Necker cube (named after the Swiss crystallographer who discovered it in 1832) we have the sense that we are looking across at a box that has a dot on its left inside corner. But if we stare for a few moments, the cube suddenly shifts, and we have the sense that we are looking down at a box that has a dot sitting on its lower left edge. (If you have any trouble seeing this illusion, you’ll find a more riveting version at dogfeathers.com/java/necker.html). A Necker cube is an ambiguous object, which is to say that there is more than one way to see it, and our brains happily jump between these different views, trying one and then switching to another. But experiments show that if we are rewarded for seeing the cube one way rather than the other — rewarded with a jellybean, a dollar bill, or a friendly pat on the back — our brains begin to hold on to the rewarding view, and the cube stops changing. The lesson here is that things can be viewed in many ways, but human brains like the most rewarding view and thus they search for and hold on to that view whenever they can.

I found this site through edge.org, NOT a trading site but a rewarding one nonetheless.

Have a great Thanksgiving!

Brett Steenbarger, Ph.D. said...

Hi,

Thanks for passing that along; it's a very thought-provoking post. It makes a lot of sense that our emotional processing of an event would interfere with flexibility of perception--

Brett