The Crosshairs Trader Blog

THE THINKING TRADER

 

DOUBTFUL TRADER THINKING

 

Daniel Yergin, author of the Pulitzer Prize winning THE PRIZE, has written a new “masterpiece”. (CEO READ)

“It was during this time of a new self-awakening that Jason discovered trading and became enthralled in the process of learning the skills necessary to compete.” (STOCKTWITS)

“When two childhood friends die of cancer six weeks apart, the shared experience of loss brings their grieving spouses together.” (COLOR OF RAIN)

“Our mental database becomes filled with instances where we regret not having made the timely decision to enter or exit.” (DEREK HERNQUIST)

“Traders can do themselves a huge favor by regularly engaging in stress reduction efforts.” (POP DOC)

“For Yale’s Irving Fisher, inventor of the Rolodex and America’s economic oracle, the madness of World War I was epitomized by his daughter Margaret’s descent into insanity after her fiancé was drafted.” (BLOOMBERG)

“The power of settings, the power of priming, and the power of unconscious thinking, all of those are a major change in psychology.” (EDGE)

“For some reason a lot of non-day traders think they have to spend all their time in front of the screens.  This is the case even when things aren’t going all that well.  The fact is that many traders would be better served spending their time doing additional research instead of focusing on the tick-by-tick moves in the market.” (ABNORMAL RETURNS)

“If you are a successful day trader, this post does not apply to you. However, if you are unsuccessful as a day trader, then this post might be what you need.” (FACTOR)

“You can’t move forward until you move past the regrets. It’s impossible.” (ALTUCHER CONFIDENTIAL)

“Here’s the thing: the odds are against us getting our most important priorities accomplished.” (HBR)

“I have seen firms get crushed because their head trader was fading a weak market and insisting the market should trade higher.” (SMB)

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