Sign inRecent Commentaries tagged (psychology)
Behavioral Foibles
Nice charts/schematics showing the spectrum of behavioral biases. Shout to Ritholtz.
Greatness is Sometimes About Failure
By: Evan Lazarus Most people (and traders are no exception) learn from making mistakes. I know throughout my life, I have generally learned the hard way. I wish that was not the case and I just did things "the right way" off the bat, but that seems to be one of my Achilles heels (after all, we...
Who is John Galt?
Who is John Galt? “Happiness is not to be achieved at the command of emotional whims. Happiness is not the satisfaction of whatever irrational wishes you might blindly attempt to indulge. Happiness is a state of non-contradictory joy—a joy without penalty or guilt, a joy that does not clash with...
How Can I Become a Trend Follower?
First, watch this 8-minute video: Many people come through our sites and ask common questions: “How did you figure this all out?” Followed by: “How do I know I can do this?” And followed by: “How do I know you can help me to do this?” Great questions and what follows is an explanation from many...
Meet Trader "X"
By: Evan LazarusI know and have worked with many traders around the world. Over the years, I met one individual who is by far, the best trader I have ever met. He is very consistent and makes an incredible amount of money as an active intraday trader. For the sake of anonymity, I will call him...
It’s Now How Good You Are, It’s How Good You Want to Be
To the trend following skeptics who have whined up a storm here in the last week, I offer a quotation from Paul Arden: “Nearly all rich and powerful people are not notably talented, educated, charming, or good-looking. They become rich and powerful by wanting to be rich and powerful. Your vision...
Think, Please!
Lots of fear and confusion in posts recently. I am reminded of some great philosophical standards: *** A man with one watch knows what time it is; a man with two watches is never quite sure. – Lee Segall Begin at the beginning and go on till you come to the end; then stop. – Lewis Carrol, Alice...
Follow Your Gut...
By: Elliot Turner Dr. Brett recently wrote an excellent post about the role of intuition in trading. He had the following to say: ...two different brain systems are at work in learning; one is an explicit system based on recall and reasoning; the other, an implicit system based upon the brain's...
Willy Wonka ‘Rowing and Rowing’
There’s no earthly way of knowing / Which direction we are going / There’s no knowing where we’re rowing / Or which way the river’s flowing / Is it raining? / Is it snowing? / Is a hurricane a-blowing? / Not a speck of light is showing / So the danger must be growing / Are the fires of hell...
Criticism
Author Thomas Friedman paints a picture all too real for turbulent times: “Don’t be fooled by the calm. That’s always the time to change course not when you’re just about to get hit by the typhoon. The way to avoid being caught in such a storm is to identify the confluence of factors and to...
Stocks Above 50MA
While it’s very possible we could see a few days of buying, we’re not oversold by past standards. We still need to fall through the 20 level and then see some positive divergence before a meaningful bounce can occur.
Make It Happen
Pete Carroll on how John Wooden and Jerry Garcia influenced his coaching philosophy: “Reading Wooden, I realized: If I’m gonna be a competitor, if I’m ever going to do great things, I’m going to have to carry a message that’s strong and clear and nobody’s going to miss the point ever about what...
Die Cast
The die has been cast. The world is in motion in a direction. People know change is needed, but almost everyone who promises it is a false prophet. Political debates? Nonsense. The hope that an election betters your life? Silly. There will not be some magic moment where society, government,...
