Mar

21

 Traders who communicate make more money. A great post by Jonathan Lehrer. 

"Herds on the Street: Why messaging traders are like scared fish" .

Ken Drees comments: 

I think of schooling more related to crowd behavior and not specs– but maybe this author thinks small minded traders are like bait fish in that they react and must constantly tweet, chirp, burp, ping, belch, touch fin, and keep swimming as a group so that when the big gaping maw makes a pass one would be in the 80% not affected and the poor sorry bud from the other end of school gets chomped.

This constant talking and interaction saps my energy– I use the chatter a a contrary filter and in some cases just turn it all off.

Contrast Livermore in his silent trading room to the adolescent instant messaging of the trading crowd.


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