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Comment on Trading Psychology: The 16 Truths About Great Trading by Dr Doug Hirschhorn
Hey Jeff, The point I am making is that people assume that sports and trading are alike...in some ways they obviously are; but I have found that in a number of ways (as I outlined in #16) they are dramatically different. Years ago, I did my doctoral dissertation on this concept and challenged the long-held assumption that athletes make better traders. My data confirmed that there were no correlations between athletic background and trading success. Further to the discussion is that I could argue that trading is like any competitive or high performance related endeavor be it music, politics or graduate school. Thanks for your post. Dr D

Is out in Paperback and as an Audiobook
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Welcome

As an investment psychology advisor, Dr. Doug Hirschhorn has conducted over 400 workshops at financial institutions, multi-billion dollar hedge funds and corporations across the country. By applying the techniques learned in pursuing a PhD in sports psychology, Doug helps investors and traders to make the best and most effective use of their skills and strengths.

Doug currently advises hedge funds each with an average of over $3 billion under management and coaches, or has coached, traders at 6 of the world's 10 largest banks. Some of his most popular speaking topics include: the psychology of risk, focusing on the trade and not the money, over-trading and under trading, overcoming the fear of missing out, creating a consistent trading/investment process.

He is internationally recognized as an industry thought leader, and regularly appears on television, where he is a frequent contributor to CNBC, and in print. Doug's latest book, 8 Ways to Great: Peak Performance on the Job and in Your Life, was published in 2010 by Penguin/Putnam, and will be released in paperback and as an audio book in January 2011. Learn more about Doug by clicking here.

Dr. Doug Hirschhorn was featured on CBS' Miami affiliate showing how his coaching techniques could be used applied beyond the financial world.

Reporter: Jorge Estevez

"You want to think about what your competitive advantage is," said Dr. Doug Hirschhorn to a group of boxers at the Heavyweight Factory in Hollywood. Hirschhorn spoke to them about ways to improve their performance.

Read the whole story here.

Who Is Dr. Doug Hirschhorn?

Doug Hirschhorn is a regular contributor to CNBC, appearing on many of the financial network's regularly scheduled shows. To view a complete list of his appearances, please click here.

To see more of Doug on video, please see our online video gallery here .

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