Mind Control by Michael Bois, CFA, CTA
ARTICLE SYNOPSIS ...Stocks & Commodities V. 23:4 (54-57): Mind Control by Michael Bois, CFA, CTA
The psychology of trading has always been a struggle.
Perhaps the techniques here could provide a solution.
Not long ago, I interviewed a Standard & Poor's floor trader from the Chicago Mercantile Exchange (CME) who recounted his first experience trading inside the pit. Prior to becoming a trader, he had been a clerk, relaying orders from his employer's desk to the trader inside the pit. As a clerk, his physical position was directly outside the pit, literally leaning on the rail separating the spaces, giving and re...