As part of a recent discussion in the Mentor Program we looked at the nature of returns and how they can be distributed in the real world which is very different to how you want them to be distributed in your head. For the conversation I posted the graph below which is a series of…
I found this fascinating and it had me drawing bikes on a blank piece of paper. The central issue is that we actually know less about he world than we think we do. These errors abound in simple tasks and in our understanding of the way the world works. It is natural therefore that such…
This is a bit of a Sunday morning tea and toast ramble, so if you have something more important to do like catch up on Housewives of Melbourne aka Slappers of Bleak City or you are you are wondering what happened in the latest episode of My Kitchen Dickheads I suggest you pop off now. I…
Our perceptions, of risk or anything else, are products of cognitive processes that operate outside our conscious control — running facts through the filters of our feelings and producing subjective judgments that disregard the evidence. The behavioral scientists Melissa Finucane and Paul Slovic call this the Affect Heuristic; it gives rise to what I call…
At our recent gathering in Perth we looked at quite a bit of the trader psychology that occurs around certain moves. LB has an exercise where she puts up a given chart with the sort of generic responses that traders generate at each phase of the move. The audience is then asked to critique what…
I saw this pop up today. The tale of Ronald Wayne is somewhat legendary. He was one of Apples original founders but sold his original stake for $800 and later on accepted an additional $1500 to forfeit any future claims against the company. As the billboard states his stake today would be valued at around…
Trading is an arena that is rife with metaphors. Every so often some taking head or idiot broker will trot out Rothchilds remark about not buying until there is blood in the streets. Or you will be told to buy Sun Tze Art of War. If they are slightly better educated (doubtful) they might mention…
Adventure is merely bad planning – Roald Amundsen I have talked about Amundsen before and focussed in particular about how his success as an explorer was a function of his obsessive planning. What strikes me about people who are successful in very difficult fields is that they all share similar traits, attributes or philosophies. Much the…
“Stress” is a dirty word in the world of wellness. It’s something to be tempered, reduced or completely released in your weekly yoga class. It’s something we’re supposed to carefully manage — or, better yet, avoid at all costs. But stress — and its common-law companion, risk — aren’t the bad guys we’ve made them…
Chat to Stockbot Your Trusted Mentor Program Expert
I'm your go-to-expert for all things related to our exceptional Trading Game Mentor Program. So don't hold back, ask me questions about the course. And remember, being patient is key as my AI bot skills need time to find you the right answer.
Also, don't forget to register for Priority Notification for the Mentor Program and get a whole heap of free trading resources.
To get that done, go to this link:
https://www.tradinggame.com/priority
Hi there! My name is Stockbot and I'm here to answer any questions you may have about The Trading Game Mentor Program. Is there anything specific you'd like to know about the program? Remember, if you haven't already, be sure to register for Priority Notification at this link: https://www.tradinggame.com.au/priority/