Jun
1
Sleeping and Trading, from Sushil Kedia
June 1, 2008 |
My father handed over the wealth of his knowledge from a lifetime of speculating the night before I was leaving home and starting a career in the markets of Mumbai:
1) Sleep well and enough and at regular hours. Deprived sleep doesn't get compensated by catching up.
2) Eat well and at regular hours. An upset stomach makes the mind waver. Drink lots of water.
3) Speak only when necessary. Never loudly.
4) Listen.
5) Gather facts, steer clear of opinions.
6) Stay away from losses. Money will come from chance.
7) Don't trust anyone completely. But trust.
8) Write your books of accounts everyday.
9) Adjust sleep if any of these don't work well.
Dad wrote this list to me many times in several of his letters again and again across years. I am still trying to improve. He tells me his father gave him this list.
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[…] Sleeping and Trading –Daily Speculations […]
Your father and his fater were wise men, indeed. I personally struggle with sleeping and eating at regular hours. And I can personally attest that trying to catch up doesn’t really work.
Scientists have shown numerous ways in which sleep is related to memory. In a study conducted by Turner, Drummond, Salamat, and Brown, working memory was shown to be affected by sleep deprivation. Working memory is important because it keeps information active for further processing and supports higher-level cognitive functions such as decision making, reasoning, and episodic memory. Turner et al. allowed 18 women and 22 men to sleep only 26 minutes per night over a four-day period. Subjects were given initial cognitive tests while well-rested, and then were tested again twice a day during the four days of sleep deprivation. On the final test, the average working memory span of the sleep-deprived group had dropped by 38% in comparison to the control group.
Copied from http://en.wikipedia.org/wiki/Sleeping