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If you want to be a successful trader, you must make sure you do not deny reality in any phase of your trading. You cannot deny losses, price direction, mistakes you make, being undercapitalized, or a whole host of things you would rather not think about. Many traders think the […]
This article reproduced with permission from Brett Steenbarger Before we get into the topic of destructive trading, allow me to explain how psychologists assess whether or not a person has a problem with alcohol consumption. Here are ten questions that a professional might ask in order to assess any kind […]
This article reproduced with permission from Brett Steenbarger Although I do not maintain a private practice of counseling/coaching for traders, it is perhaps inevitable that traders would contact me for assistance after reading my book on The Psychology of Trading. Once in a while I take on a project of […]
By Melena Johnson, Henrik Lindblom, Peter Platan January 2002 Abstract / Introduction: The late 1990s saw a speculative bubble in technology stocks. This article describes the possible reasons for a speculative bubble and the impact which all market participants play in fueling such a bubble. This article draws direct comparison […]
By Sendhil Mullainathan, Richard H Thaler Abstract / Introduction: Behavioral Economics is the combination of psychology and economics that investigates what happens in markets in which some of the agents display human limitations and complications. We begin with a preliminary question about relevance. Does some combination of market forces, learning […]