Traders are often caught in a bind – if the stock they own is going down they feel like they have too many. If the stock they own is going up naturally they feel as if they should have bought more. In the latter case, this generally occurs with a liberal dose of hindsight bias…
The number of stocks above their 200 period MA continue to drop away for both these indices.
When we talk about psychology, we refer to developing ourselves. When we talk about spirituality, we refer to transcending our selves. Most of us have entertained thoughts and feelings that there must be more to life than daily routines at home and work. Such reflections are at the heart of the world’s greatest religious and…
Prof Ross Tucker is one of my go to sources for anything sensible within the world of sports science. He can also be found at The Real Science of Sport Podcast In this video, he looks at the mental health of athletes and it has surprising parallels to the mental health of traders.
Then you need to register for Priority Notification, so you can learn more, and get a heap of free trading resources. The Trading Mentor Program is a 6-month, repeat-for-free course. Become a superb trader, across every time frame, and with every instrument. We give you our personal secrets and tricks to help you can…
Recently one of the members of our Mentor Program told us that they had been told that they should always sell a stock when the RSI became overbought and I thought what a stupid idea. For those not in the know, an RSI or Relative Strength Index is traditionally defined as being overbought when it…
There is much talk about an emerging commodities supercycle and as can be seen below commodities as a broad group has been on a tear this year. As to whether this is the beginning of a multi-year cycle is anyone’s guess – notice I used the word guess because nobody has a cue. We will…
If you thought that modern-day bankers were the epitome of rapacious immoral arseholes then you clearly have not heard of the East India Company.
At its core trading is a psychological endevour – you can draw all the fancy lines you want on a chart, consult your horoscope, read your tea leaves or read whatever fish and chip wrapper that passes for a newspaper. But at the end of the day, you have to take the trade, manage the…
Sure, why not. The great thing about the Internet is we have the ability to look at the track record of the person making outlandish claims to see if it makes sense to give credence to their predictions. More here – A Wealth of Common Sense
Abstract Testosterone has been suggested to influence individuals’ economic decision making, yet the effects of testosterone on economic behavior are not well-understood and existing research is equivocal. In response, in three studies, we examined the extent to which testosterone affected or was associated with several different facets of economic decision making. Study 1 was a double-blind,…
Richard Proenneke did what most nature buffs can only dream of: At age 51, he quit his job as a mechanic and moved to the Alaskan wilderness to become one with nature. He set up camp on the shores of Twin Lakes. There, surrounded by mighty glaciers and solemn pine trees, he would remain for…
Further time in lockdown gives one time to muse about the state of the world and other such things and in one of those happy coincidences that the universe throws up every now and again, two events conspired to confirm two of my deeply held beliefs. Whilst finishing a course of medication I was emptying…
One of the things that has always interested me about markets is the use or misuse of benchmarks such as the All Ordinaries Index or the S&P/ASX/200. I am always interested in how people measure the success of their portfolio against such tools – in part it makes sense but in part, various indices also…
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