In trading, the importance of understanding one’s cognitive biases is invaluable. Without a objective and personal realisation of what influences our decisions, it is difficult to make money and sustain making money in the long term. Not only is it important to recognise what biases most affect us but it also important to differentiate themContinue reading “Survivor”

And more market commentaries…

16th June 2014 Consolidation session in the UK with little or no news hitting the sterling market. Some overnight comments by BoE’s Bean highlighting the known fact that ‘higher rates are a welcomed sign that the UK economy is returning to normal’ only continued to show the shift in opinion within the MPC. The belly of theContinue reading “And more market commentaries…”

More Market Commentaries

Another throwback to the trading days… 23rd Jan 2014 Inexplicable correction to yesterday’s sell off with the market again finding this wall of money that has kept supporting gilts in the last 10 days. We rallied hard in 10 years, back above the level pre-employment data and up to early dec highs. The move inContinue reading “More Market Commentaries”

Performance Formulas

Performance on the job is crucial, in particular for high-pressure jobs when the tiniest drop in concentration can lead to huge losses or mistakes. Whilst trading derivatives at Santander, it was imperative to always be full-time focused on the market, in particular when performing a large trade: one had to simultaneously model and give updatedContinue reading “Performance Formulas”

Getting to Yes

Erin Myer and his Getting to Yes are a great read on negotiations because it not only touches on the technicals parts but also on the human, personal aspects of negotiations. In prior posts, we have discussed the importance of knowing and understanding your counterparts (Negotiating the World) And the importance of personal and emotional preparationContinue reading “Getting to Yes”