Authored by Nicholas Colas via DataTrekResearch,
‘How did you feel when you bought that position?’
An odd question, perhaps, but I heard it every week during my first year at SAC Capital in the late 1990s. My inquisitor was Ari Kiev, who was the in-house psychologist there. He met with every trader in the room on a regular basis. For new guys like me, it was the toughest hour of the week.
We’d go down a list of every position I had traded and discuss each one in minute detail. What was my logic? What catalysts did I expect? Who had I spoken to?
This post was published at Zero Hedge on Dec 8, 2017.