David Brooks: The Social Animal
By LawrenceThis TedTalk by David Brooks looks into the ways human think and how that is inseparable from our emotions and feelings.
It is an important realization for traders, no matter discretionary ones or mechanical ones, to understand that they are as good as their emotional boundaries. In another words, that means you can learn all you wanted to learn from others with all kinds of trading techniques but when it comes to the time of making your trading decisions, it will still be dictated by your emotions although you may not be aware of that.
This video confirms why it is important to define your trading plan clearly so that you have exact rules of engagement to follow. It is no difference to the safety rules you often see in dangerous work zone like construction sites. They are there to protect you from yourself.
