C.S. Lewis the author of the famous Chronicles of Narnia wrote a brilliant and hilarious portrayal of a devil in The Screwtape Letters. Lewis was a professor at both Cambridge and Oxford and explored many theological ideas. In The Screwtape Letters you are ex... Read more

Thrashing I am currently experiencing a significant increase in the number of tasks I am responsible for. I am also spending a lot of time contemplating computer load design. Computers multitask through a process called "threading". Think of a juggler tossing... Read more

Carol Dweck is a professor of psychology studying human motivation. She spends her days diving into why people succeed (or don't) and what's within our control to foster success. She shows the power of our most basic beliefs. How, they strongly “affect what w... Read more

Tear Drops I cannot remember when last I cried in physical pain. However, something interesting has happened to me in recent years and it seems like it is happening far more often than my wife and kids are comfortable with ?. I have become a cry baby, not a w... Read more

In the snapshot below you will see the trading performance of my testing account. The account is more than a year old and until May this year I had traded it pretty sensibly, albeit unprofitably. Then things started getting a bit hairy. My drawdowns have grow... Read more

Honesty may be the best policy, but scheming and dishonesty are part of what makes us human. I came across this article in National Geographic by Yudhijit Bhattacharjee and it really got me thinking how lying is a central theme to the business I am involved... Read more

Dacher Keltner, a psychology professor at UC Berkeley, after years of lab and field experiments found. Subjects under the influence of power, in studies spanning two decades, acted as if they had suffered a traumatic brain injury—becoming more impulsive, les... Read more

The Traders Emotional Cycle By David Hobart There is a common cycle to the emotions experienced by traders. This cycle, when observed, can give you greater insight into some of the seemingly irrational decisions traders make in the markets and consequently, t... Read more

Dr Susan David, Ph.D. a lecturer at Harvard says: "The term 'mindfulness' has become such a buzzword, especially in business circles, that there’s now a bit of a backlash. Or there is confusion because of the flowery language that sometimes accompanies explan... Read more

By David Hobart, Director, PsyQuation Consulting. Trading consistently is not about prediction. Rather, it is about identifying possible outcomes, assigning probabilities to them, and then structuring bets around those probabilities. Having a process which co... Read more