Episode 24 - Denise Shull - Developing Your Psychological Edges скачать в хорошем качестве

Episode 24 - Denise Shull - Developing Your Psychological Edges

In this week’s show I chat with Denise Shull and we have a fascinating conversation around the science of emotions feelings and trading. Denise is well known for her book, Market Mind Games, and the work she does with traders integrating the science of neuroscience and decision making. Time and time again we’ve explored on this podcast the importance of integrating emotions and feelings into our trading. Unfortunately there’s still a school of thought out there that still believes we can somehow compartmentalize or suppress our emotions while we trade. Although this line of thinking is well meaning i think it can be very damaging to many traders. The reality as Denise mentions on the show, is that it is biologically impossible to have thoughts without emotions. So rather than try to set aside emotions we should harness them to better understand not only our own behaviours but the intentions of other market participants. Ultimately trading is a lot like a global poker game. So rather than try to predict solely price, understand that the determination of price might be more of a social question than one of mathematical probabilities. If that’s the case then your ability to tap into your emotions and feelings can indeed become a psychological edge. Big ideas - Why you can’t have thoughts without emotions - but emotions can exist without thoughts Why you can’t pull apart your thoughts and feelings Why setting aside emotions is ultimately ineffective How to begin to cultivate an awareness of your feelings and how to use it in your trading Why is that as traders it’s easy to feel bad most of the time - and what to do about it Why trading is a global poker game and why we’re wired to think The importance of energy in decision making and risk Understanding intuition vs. impulse As always I hope you enjoy the show you can find the show notes, transcript, and resources @ thetradingedge.org/episode24 And if you're enjoying the podcasts please help me by leaving a positive review on iTunes. thetradingedge.org/review