Sunday, January 13, 2019

Info!! Learning How Nosotros Learn: Maximizing Our Trading Environments

I recently wrote virtually the importance of sustaining a positive mindset past times learning from our setbacks.  Confidence comes, non from doing everything right, exactly from knowing that y'all tin larn from mistakes as well as expire ameliorate over time.

But how produce nosotros larn best?  Might it last the illustration that nosotros scrap every bit traders because nosotros neglect to play to our learning strengths?

Consider the average trading flooring at a proprietary trading firm, hedge fund, or bank.  What you'll probable run into is rows of traders at stations sitting next as well as surrounded past times multiple monitors.  Some monitors rail tidings events, or thence nautical chart markets, or thence follow prices of diverse instruments, or thence expire on on move on of email.

Can this really last the best learning surround for everyone?

For many traders, this surround is toxic.  It trains them to last distracted; it takes away from focused concentration.  It encourages groupthink.  It encourages superficial commentary/conversation as well as maximizes exposure to data--not necessarily the translation of information into useful information.

Is the learning surround ameliorate for the solo trader at home?  More multiple screens as well as potential information overload, amongst online chat substituting for the rows of traders.  

When I am next markets, I possess got the information sent to my spreadsheets.  In spreadsheets I tin actively manipulate as well as analyze the information inward ways non possible via charts on the screen.  While engaging inward those analyses, I'm non watching multiple screens.  I sit down lonely inward an business office as well as possess got no screens opened upward for chat.  I've learned that I larn best inward an surround that helps me focus--and, most importantly, that helps me sustain access to fresh ideas as well as intuitions.

Other traders are quite different.  They larn really good through give-and-take amongst other traders.  Still others larn past times reading query articles as well as gaining a big moving painting grasp of the market.  I similar to await at high frequency information as well as shifts inward those information to position emerging patterns inward private markets.  That is really dissimilar from the investor who develops a wide thesis as well as and then applies it to dissimilar markets.

Research tells us that inventiveness is a business office of 2 processes:  1) deep analysis of information as well as 2) synthesis of the information to run into novel connections as well as relationships.  The start procedure requires immersion inward data; the minute requires stepping dorsum from information for big moving painting reflection.  

Does your trading surround maximize true, focused immersion inward information?  Does it facilitate getting away from the trees inward gild to run into the forest?

You wouldn't alive inward a abode that was cluttered, noisy, as well as unclean; why bring that every bit your trading environment?

Further Reading:  Learning From Our Genius--And Our Idiocy
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