I was asked over lunch on Sunday what I thought were the major elements that prevent traders from being profitable – so I dug out this old list. Undercapitalised One of the most significant reasons traders fail in the markets is that they begin with insufficient capital. Many newcomers to trading, often fuelled by overconfidence…
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……..You have to sit in the discomfort for long enough to see what will happen. Too often, we quit before we hit the point where the body and mind adjust. To be clear, it is a balance between knowing what to stick through to see if you’ll adapt and knowing when you are just digging…
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One of the primary motivators of human behavior is avoiding regret. Before the legendary behavioral economists Daniel Kahneman and Amos Tversky formalized prospect theory and loss aversion, they believed that regret avoidance was at the root of the human behaviors they were studying. However, they learned that there are behaviors that regret avoidance could not…
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Just as markets often teach us to trade badly they also drags us towards the most emotionally taxing of all time frames.
Let me state at the outset of this article that given the number of rules involved in its successful execution trading is the simplest profession on earth. There are two basic rules in trading. They are if the share is trending up over the time frame you are interested in then you go long whatever…
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A key to survival in markets is to surrender any notion of control that you might have. All too often traders think that they are by dent of their participation in a trade somehow in control of the trade. They also sadly think that the more indicators they put onto a chart the more control…
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Nassim Taleb, Black Swan author and Universa Investments distinguished scientific advisor, talks about the fragility of markets, how to hedge against geopolitical risks and artificial intelligence. He’s on “Bloomberg Markets.”
Traders are often keen to find out which is the strongest market available to them and to do this they often look at comparative capacity to generate effective trades via such as some type of relative strength comparison. However, your results will tell you a lot about how both a given market is performing and…
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Join Louise Bedford in this episode as she discusses the concept of “awfulising” in trading psychology. Learn how to overcome negative thinking and improve your trading mindset with tips from this episode!
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