Solving the Overtrading Problem

Casinos are designed to capture and hold customer attention. There are no windows. There are no clocks. They never close. Instead, there’s endless motion, flashing lights and a seductive sound track in the background that signals jackpots. The message is clear: Stay and Play. We create a virtual casino at our trading desk when we immerse ourselves in price action, chatroom commentary and reports of gains made by others. The result is Time Compression. We’re sucked into the Vortex of the Now. When we lose Linear Time, we lose connection with what Daniel Kahneman calls “System 2,” which controls our ability to inhibit unnecessary action and execute a sequential protocol. In this webinar I’ll present some effective ways to maintain System 2 dominance.