Every now and again graphics like the one below will pop up. They show either the NDX chart year to date, the top 10 stocks in the NDX year to date, or a combination of the day. Apparently, this is meant to represent some great form of moral hazard that we are being informed about…
‘Action’ related metaphors are so seductive. Plus, when you’ve been exposed to the money script that being in the markets is glamorous and action-packed, it makes you less likely to see the reality of what it takes to trade effectively. Watch the metaphors you use in relation to trading, or live with the consequences.
Chris Tate says: “According to the Australian Financial Review, stockbroking is in crisis. My immediate thought is who cares? This is my somewhat ranty response to the article which gives numerous reasons as to why stockbroking might be failing as an industry. I then put in my two cents worth as to why it might…
Let’s take a plunge into the wild world of business and trading! Explore the juicy similarities between these two exciting endeavours, like the vital role of risk management, the epic power of strategic thinking, and the need for a boss-like mindset to achieve. So, grab your coffee, sit back, and let’s get into it!
One of the main challenges faced by professional investors is that good behaviours are often in direct conflict with our own interests. This is either because our incentives are misaligned – what’s beneficial for the business or my career is not necessarily good for my client – or we feel compelled to meet the erroneous…
When humanity acquired the ability to imagine the future, it changed the trajectory of our species. But in the age of the Anthropocene, we need to harness this mental skill now more than ever, say the scientists Thomas Suddendorf, Jon Redshaw and Adam Bulley. More here – BBC Future
Over the last ten years, the amount of research on behavioral finance — or BeFi — has exploded to the extent that anything said about the subject today seems almost trite. To summarize: People are not perfectly rational economic machines when it comes to making financial decisions. Now the fact that the decisions we make…
Investors often talk about making a decision based on a feeling in their gut. Explaining how some form of unconscious intuition led them to the correct choice. Although this is an appealing notion – particularly as people only seem to mention it following success – it can also be a dangerous one. Should investors really…
The following are five common self-sabotaging mistakes overwhelmed people tend to make. There are practical solutions for each that will help you feel like you’re on top of things and do a better job of navigating your most important tasks and solving problems. More here – Harvard Business Review
CHGG operates in a space that is uniquely vulnerable to AI.
I offer the following three charts without comment other than to label them. You can assemble your own narrative as to what they might mean for trading in general and for your apprach specifically. Natural Gas with a simple breakout – guess the trend. IG’s client sentiment indicator – guess what the majority of clients…
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