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Ari Kiev: Mastering Trading StressMastering Trading Stress- Strategies for maximizing performance Author: Ari Kiev
Dr. Kiev, a psychologist and a world-renowned author and lecturer speaks on any number of pertinent and timely topics of interest to the professional trader. His insights into the human psyche and his intimate knowledge of the high-stress world of hedge fund trading can be incredibly useful to anyone who must make decisions of consequence under pressure Language: en-us Genres: Education, Health & Fitness Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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TTW026: Recovering from drawdown
Friday, 19 June, 2009
The best people - reawakening regarding performance over the last year. How to get into the right mind set, reduce stress and maximize performance. Setting realistic goals,with a certain ammount of stretch. More prep, more work, more concentration, self coaching or with a coach, overcoming self doubt. The best guys have proved out marginal or weak ideas in the portfolio; concentrating on strengths, where you can expand, areas that have proven sucessful for you in the past. Measuring performance metrics, how to measure your people's success. What is the culture? What is the level of integrety of the guy running the fund? Is he clear about what he expects? Is he trustworthy? Are the objectives clear? The importance of candor, being clear about performance. Are employees willing to align themselves with the objectives of the firm? Jack welsh's writings. Optimism on the rise. The cautious general concensus is we're getting out of the bear market. Economy is stabilizing. More bank stability, more lending, market is reflecting that things are getting better. More optimism. Emotions are a factor in trading and psychological equalibrium is a critical variable. Instinct, pattern recognition, experience, plus, all the intellectual work, fundamental analysis, profit and loss, innovation, new products. A constant effort to balance emotions and intellect.
