ARTICLE SYNOPSIS ...TRADING PSYCHOLOGY Zen And Emotional Control This occupational psychologist explains that trading combines market knowledge and emotional discipline and that through meditation techniques, a trader can develop better emotional control. by Richard D. McCall Traders in the futures and commodities markets can probably empathize with Mike Hoban, an aspiring basketball player from Strongsville, OH. In early 1995, fate dealt Mike an opportunity when his name was drawn from among millions of other contestants in the Footlocker ""Million-Dollar Shot"" sweepstakes. Winning the drawing entitled the...
ARTICLE SYNOPSIS ...The Warrior's Discipline Of Trading by Richard D. McCall This occupational psychologist and a master of martial arts compares the disciplines that traders need in order to trade effectively with the disciplines of the samurai. When was the last time you were in a fight? Think about it. Did you think back to a long-forgotten push-and-shove incident at some tavern when you were in college? Or did you think of some military campaign you served in? These combative recollections are likely to arise in the minds of most readers contemplating the question. But such answers would be inaccurate. In a...