Bring Back Emotion: Using Psychology for Trading, Investing and Risk | HackerNoon

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Denise Shull | Adding Emotion Back: How to Use Psychology for Trading, Investing and Risk - by scottdclary investing psychology

‘How to Remove Emotion from the Equation’ or something similar were theand self-help guides over the last decade. The idea of making a decision based solely on data was attractive; it lets people think that they were making the best moves no matter what their heart was telling them.

“I honestly think the analogy is round earth-flat earth. It looks like emotions get in your way, just like it looks like the Earth is flat. But it’s a misunderstanding of how it’s really working.”Denise isn’t my regular kind of guest. She wasn’t a hustler that tried a million different entrepreneurial startups before one finally hit big. She isn’t going to reveal the five secrets to social media management or talk about the vulnerabilities in your cyber security.

So many high-level decision-makers preach the importance of good data. This is how you can guarantee it.: keeping us safe. That’s the driving factor behind every decision you make or impulse you have. It takes your past experiences, recognizes patterns, and predicts outcomes. But it specifically, according to Denise, predicts how a certain path will feel.

Suddenly, by embracing how you are going to feel, you can start to gather more accurate data about why you are holding firm on an original prediction or experiencing fear of missing out . You can course correct sooner, and start eliminating those biases that previously seemed unbeatable.Here’s something we can all relate to.

Suddenly, when shaping it with this simple decision, you start to understand what Denise means. You start to see the curve of the Earth, so to speak.“So when you have something that really tweaks you and you get this really strong emotion, everybody says control the emotion. I say, no. Analyze the emotion before you act.”

 

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