Over the next few weeks I want to start looking at some of the bias’s that make traders stupid and to look at what can be done to overcome these issues. It is important to note at the beginning the problems with your internal language are often not related to intelligence. In fact work by…
We are only a few hours away from the usual rush of New Year – New Me bullshit that seems to percolate to the surface at this time of the year. This may seem like a somewhat grumpy thing to say during the festive season. Surely the beginning of a New Year is something to…
For all the time executives spend concerned about physical strength and health, when it comes down to it, mental strength can mean even more. Particularly for entrepreneurs, numerous articles talk about critical characteristics of mental strength—tenacity, “grit,” optimism, and an unfailing ability as Forbes contributor David Williams says, to “fail up.” More at Forbes
My approach to trading is somewhat basic – I buy new highs and I sell new lows. It certainly could not be considered rocket science by any stretch of the imagination and for me it seems to sit in my sweet spot of ability and intelligence. I find there is an issue though with the…
Largely boils down to set goals and read everything you can – who would have thought that….. Although interestingly, Richard Feynman who is one of my academic hero’s was reticent to read existing research in any field he was investigating preferring instead to start from scratch. Source: Online-PhD-Programs.org
I will probably do a more in depth look at the year later on but in preparing my thoughts I generated the following chart courtesy of Finviz. Each year I like to look back at the major trends and gauge whether I spotted them and also whether I managed to take advantage of them. Charts…
I am always intrigued by the almost constant incantation that says that markets are different now to how they used to be. Every time something happens in a market that doesn’t seem to suit a given perspective or philosophy we get the reasoning that markets are different know. I have lost count of the number…
In the United States we are raised to appreciate the accomplishments of inventors and thinkers—creative people whose ideas have transformed our world. We celebrate the famously imaginative, the greatest artists and innovators from Van Gogh to Steve Jobs. Viewing the world creatively is supposed to be an asset, even a virtue. Online job boards burst…
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