Category Archives: Trading Psychology

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Predicting the Improbable

Trading PsychologyBy Chris Tate April 23, 2011

Excellent paper by VoxEU.org on behaviour around what are considered improbable events. Predicting the improbable Claus Bjørn Jørgensen Sigrid Suetens Jean-Robert Tyran 22 April 2011 Japan’s trio of tsunami, earthquake, and nuclear disaster has left the world stunned. As this column points out, even the experts were shocked. But while these events were highly unlikely,…

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On Being Wrong

Trading PsychologyBy Chris Tate April 21, 2011 1 Comment

Trading is a profession that is founded upon being wrong but still being profitable despite this.

Explainations

Trading PsychologyBy Chris Tate April 20, 2011

I always find it intriguing that fund managers have to go to such lengths to justify their stance on issues – the interesting point is most of it seems like after the fact rationalisation. This is an example of such long winded thinking, unfortunately it also contains that the use of rational economic thinking to…

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Sheep

Trading PsychologyBy Chris Tate April 19, 2011

Someone dropped this wonderfully insightful image into my inbox this morning. Apparently it dates back to 1908 – my interpretation of this is that sheep, be they those who just follow or those without a committed opinion get run over by those that do when markets begin to move.

How To Cock It Up

Trading PsychologyBy Chris Tate April 17, 2011 1 Comment

Golf is like trading – it is won by the person who makes the fewest catastrophic mistakes. In managing to achieve this you need to know when to leave well enough alone. This is an example of not knowing when to leave things as they are, put your ego in your pocket and live to…

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Why Are People So Friggen Stupid?

Trading PsychologyBy Chris Tate April 17, 2011 2 Comments

Last night I had the misfortune to catch some of the evening news whilst wandering in and out from the BBQ. During one of my kitchen runs I heard that housing in my area had suffered a MASSIVE 6% fall. This news was of course delivered by a dolly bird with a bra size bigger…

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A Bit of History

Trading PsychologyBy Chris Tate April 17, 2011

Ok blogophytes – time to learn something. If I were to ask a room full of traders what is the main rule you pay lip service to, I say lip service because most dont do it. It would be – Cut your losses and let your profits run The interesting thing about this phrase is…

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How to fail

Trading PsychologyBy Louise Bedford April 13, 2011

Interesting piece by Seth Godin on failure. As a trader failure is part of our day to day existence and a fear of failure is one of the reasons many cannot trade. Trading is unique in that you effectively fail your way to success – something that would be impossible in most other professions. The…

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How to fail

Trading PsychologyBy Chris Tate April 13, 2011

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Category Archives: Trading Psychology

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