A few people seem to have gotten themselves into a bit of a knot over me questioning the validity of most technical analysis and how the vast majority of it is redundant when it comes to actual trading. As a further response as to why I think I thought it was worth reposting this old…
Details
Why is it so hard at times is a lament known to all traders at all levels of professional development and experience. There are times in all our careers when it seems as if you cannot buy a profitable trade. As an intellectual pursuit trading is not difficult. The rules are quite simple, and they…
Details
The legendary World War One fighter ace Baron Manfred Von Richtofen was asked before his death what the job of a fighter pilot was. It is reputed that Richtofen replied, “The job of a fighter pilot is to find his enemy and kill him, all else is superfluous”. Initially, it would seem that the comparison…
Details
Whilst sitting in my local having my usual toast and vegemite following training I was listening to a podcast that touched on the fact that in the UK a huge number of people who might be entitled to government benefits didn’t apply for them. Recognising that people might not be aware of these benefits the…
Details
Often an idea that sounds very attractive gains traction without supporting data backing it up. This is true of trading/investing and many other things. This podcast is effectively a lesson in critical thinking and how not to assume that just because something sounds like a good idea doesn’t mean it is a good idea.
If you’ve been around the block, you will likely have seen some eye-rolling use of evidence during meetings. Evidence can be used badly for many reasons; a misunderstanding of what conclusions can be drawn from it, or perhaps it has been cherry-picked to support a particular position.
A vast array of cognitive biases hamstring trader performance a quick look at any list of these afflictions will offer up the following – Confirmation Bias Hindsight Bias Narrative Fallacy (my favourite) Anchoring Bias Loss Aversion Attribution Bias Overconfidence Bias But if I were to isolate one in particular, it would be overconfidence. The interesting…
Details
In his book on the concept of ergodicity, Luca Dellanna writes of his cousin who was a highly talented skier in his youth, but had a potential future in the sport cut short by a succession of injuries.[i] The lesson that Dellanna draws from this is that it is not the fastest skier that wins the…
Details
In our final Trading Nugget, we focus on staying motivated through market ups and downs. Trading can be a rollercoaster, but maintaining your motivation is key to long-term success. Discover strategies to keep your morale high and stay resilient, no matter what the markets throw your way. We’d love to hear your thoughts about this…
Details
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
