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A Surefire Method to Increase Your Profits and Improve Your Golf Game
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Whether it’s golf or trading, it’s all about stress control. If you were sitting across the table from me
and I booked a $10,000 loss, and then in the next hour I closed out a trade for
a $10,000 profit, I would wager you even money that you could not tell the
difference by my outward emotions.
For this reason, I immediately related to a recent article in the Wall Street Journal about Dr. Robert
Goldberg’s research into trying to help golfers ward off the stress-induced
fits of madness that they call the “yips”.
The golf course is a treacherous and unforgiving place where even the
world’s best players are susceptible to tortured mental states at the most
inopportune times. Doesn’t this sound exactly
like your trading room?!
There are actually true stories of pro golfers being hospitalized
due to panic attacks. One must remember
that golf – like trading – is as much about the mind as it is about the body or
the data. Dr. Goldberg’s approach is
promising because he utilizes a wristband that measures stress in real time by
shooting small electrical charges into sweat glands. The data is then sent to an iPhone via
wireless Bluetooth which displays a stress graph with peaks and valleys showing
the degree of discombobulation being experienced by the golfer.
I trust the parallels to stock market trading are self-evident. The break-through with this is that both
golfers and traders could use this information to understand what triggers
stress on the green or in the trading room and then go about unearthing
solutions. If you can recall a specific past trade where
you were clearly the architect of your own demise, Dr. Goldberg’s wristband
could rescue you next time or at the very least provide you with some useful
insights into what might be holding you back from achieving peak performance.
With a few caveats and some generalizations, Dr. Goldberg’s research
has found that the more accomplished the golfer, the more their stress level
remained static during their swing as well as during the entire round of
golf. Likewise, for a trader, even a small
amount of stress can cause increased heart rates and butterflies that may have
a direct influence upon their buying and selling decisions. Stress is literally kryptonite to
traders. Stress disrupts their
equilibrium and affects their decision-making.
Anything we can do to minimize the “yips” will flow directly to the
bottom-line.
Dr. Goldberg’s device, known as “bandu” should
hit the market in 2014. Don’t be
surprised to see traders wearing this new wrist jewelry both in the trading
room as well as on the golf course. I
recall something Isaac Asimov once said: “It
is the obvious which is so difficult to see most of the time. People say “it’s as plain as the nose on your
face”, but how much of the nose on your face can you see unless someone holds a
mirror up to you?” For
us traders, I believe Dr. Goldberg’s wristband could very well become our magical
mirror.
Trade well; trade
with discipline!
– Gatis Roze
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What Is Technical Analysis?
Technical Analysis is the forecasting of future monetary price trends based upon an evaluation of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Rather, technical analysis could assist investors expect what is likely to take place to rates in due course.
Technical analysis makes use of a large selection of charts that reveal price over time.