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…
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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…
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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…
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Dive into the trading world with Rizwan Memon @RizInternational as he reveals why a healthy dose of scepticism just might be the secret ingredient to success. We delve into the importance of discerning valuable trading information from the noise, navigating today’s financial markets confidently, and building sustainable wealth through strategic investments.
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Join Louise Bedford for a riveting discussion with Michael Yardney, as they unravel the complexities of the Impostor Syndrome in the world of trading and wealth creation.
Jess Thom, lead psychologist for Team GB, tells Madeleine Finlay how she prepares athletes for failure and success – and the challenges that arise when the games are over and they have to return to normal life
So, what was it that caused the sell-off in risky assets and sharp increase in volatility? The Fed? The Bank of Japan? The end of an AI bubble? A soft employment number? The yen carry trade unwinding? All of the above? Something else entirely? Who knows? The truth is that financial markets are a complex,…
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From discussing the inherent challenges traders face to practical strategies for overcoming them, this interview promises to be a game-changer for anyone looking to enhance their trading performance. Join us as we explore topics like shifting the odds in your favour, closing the behavioural gap, and navigating setbacks with resilience. Don’t miss out on this…
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Investors love talking about ‘skin in the game’. It has become something of a truism that a fund manager with substantial sums of their own money invested in their strategy will make better decisions. Not only is this a dubious generalisation but it also overly simplifies what can be quite a messy incentive problem. Skin…
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