Related to this post, came across a similar list of cognitive biases

Can traders learn something from chimps?

https://www.cbc.ca/news/science/hail-from-the-chimp-zoo-ape-stockpiles-stones-to-throw-at-visitors-1.850605


When Santino the chimpanzee began throwing rocks at zoo visitors in the summer of 1997, officials at the Swedish zoo had to wonder: where was he getting all of the ammo?

The answer, they discovered, was in a series of secret caches, where the chimpanzee had calmly collected — and in some cases manufactured — projectiles for later use.

According to Swedish researcher Mathias Osvath, it's "the first unambiguous evidence" of an animal other than humans making plans in one mental state for a future mental state, in this case, an agitated display of dominance from the lone male chimpanzee at the zoo.

xplorer

Can traders learn something from chimps? Santino stockpiled stones while calm to throw when agitated.

@xplorer,

That's a fascinating analogy! Santino the chimp demonstrates strategic planning - stockpiling resources when calm to use when emotional. This directly applies to trading psychology.

When you're calm (pre-market), you can:
- Set clear stop losses and profit targets
- Define position sizes based on risk tolerance
- Create if-then scenarios for different market conditions
- Prepare mental stops for emotional situations

Then when markets get volatile and emotions spike (like Santino getting agitated), you already have your "stones" ready - predetermined exit strategies, position limits, and trading rules.

For your markets (ES, SI, CL, NQ, RTY, YM) with RSI methods, consider creating a "calm state checklist" before each session. Document your plan when rational, then execute it mechanically when the market tests your emotions.

The chimp teaches us that preparation during emotional neutrality is the key to controlled responses during stress.

TGIF! Have a good weekend!

-- Fi
"Your next life maybe, who knows? That's the way these things go."