Category Archives: Trading Psychology

Investor Inattention During FIFA World Cup Matches

An odd little paper that someone obviously got a grant for. The Pitch Rather than the Pit: Investor Inattention During FIFA World Cup Matches At the 2010 FIFA World Cup in South Africa, many soccer matches were played during stock market trading hours, providing us with a natural experiment to analyze fluctuations in investor attention.…

Why Incompetent People Are Too Incompetent To Know They’re Incompetent

How true is this……..

Prediction

I have written about prediction a few times in the past – the main thrust of my argument is that it is – 1. Pointless 2. Experts dont have a friggen clue This is a nice little podcast on Philip Tetlock one of the driving forces behind the pointlessness of experts philosophy. So Tetlock took…

Dreaming

I have been pondering the psychological utility of things such as playing the lottery. I fully accept that the odds against winning are astronomical and are as follows –   Tattslotto      1 in 8,145,060 Oz Lotto         1 in 45,379,620 Powerball       1 in 54,979,155 Now balance these…

30 Dr Suess Quotes To Live By

The Mindset Of The Profitable Trader

Well, we are now some three weeks into the lastest mentor program and it is interesting to see the shift in the thinking of some of the participants. I have to admit it is always intriguing to see the ideas that new traders seem to have picked up along the way and often how tenaciously…

The Top Five Regrets Of The Dying

There was no mention of more sex or bungee jumps. A palliative nurse who has counselled the dying in their last days has revealed the most common regrets we have at the end of our lives. And among the top, from men in particular, is ‘I wish I hadn’t worked so hard’. More from the…

So You Want To Be A Trader

The typical evolution of a trader goes something like this. You have read a few magazines  perhaps bought a few shares you may even have seen Wall Street on video. You go to bed Sunday night, wake up Monday morning and decide that you are a stock market trader. Not too implausible you think, after…

Persistence

Our current mentor program is one week as of today and before the program began we had a number of people literally begging us to let them in early so they wouldn’t miss out on a place when bookings opened. Here is the interesting thing – the people we have had ask for a refund…