What a week! Finally had a much needed pullbackĀ to bring the bears out of hibernation. Russell 2000 ($IWM) took the biggest hit losing -4.3% and the distinction of the only index to be negative for 2011. Honestly, it’s nice to see some question come into the future direction of the market. January is over for me and I was able to sell some put spreads this week for the February cycle.
This coming week has lots of companies reporting earnings including 13 of the 30 Dow components. We also get some economic data from the FOMC and the Q4 advanced GDP, both should shed light on any adjustments to quantitative easing. Enjoy the links and your weekend!
- Best link of the week, no question.
- Can you build a better brain?
- Why you should process bad trades and move on.
- The rise of the cognitive elite.
- Eight weeks to a better brain.
- The impact of a selective recall bias.
- Behavioral addictions and the loss of control.
Re: the NYT article on recall bias & insight. Working through an emotion, series of emotions or source of conflict is entirely different than just being aware of it. Similar in trading: Knowing & realizing what you did wrong vs correcting it are 2 entirely different things š
Agree totally. Countless therapy sessions spent helping others move beyond recognizing to correcting personality issues.
What’s amazing is how personality issues can and do impact trading yet many deny that’s the case. Thanks for your input.