Searching for entries matching psychology, looking in keywords for any words Found 3 matching entries
Entries
2707
ValLiant
Andrew W. Loy, Dmitry V. Repinz, and Brett N. Steenbargeryy
First Draft: December 27, 2004
Abstract
We investigate several possible links between psychological factors and trading performance
in a sample of 80 anonymous day-traders. Using daily emotional-state surveys over a ve-
week period as well as personality inventory surveys, we construct measures of personality
traits and emotional states for each subject and correlate these measures with daily normal-
ized prots-and-losses records. We nd that subjects whose emotional reaction to monetary
gains and losses was more intense on both the positive and negative side exhibited sig-
nicantly worse trading performance, and large sudden swings in emotional states seem
especially detrimental to cumulative prots-and-losses. Psychological traits derived from
a standardized personality inventory survey instrument do not reveal any specic \trader
personality prole", raising the possibility that trading skills may not necessarily be innate,
and that dierent personality types may be able to perform trading functions equally well
after proper instruction and practice.
This video interview with Mark Douglas
is the best on the net that sum up all the trading psychology!
Want to get boosted and talk about fear of trading or the outcome of a trade......must watch it now!
I've never watched a better Trader interview and still watch it over and over.
October 4th, 2016 05:54 PM Target Thanks for sharing.
November 8th, 2013 11:31 PM Amsterdam Whale Recommended by MATT: M-others A-gainst T-hinking T-raders
July 2nd, 2013 10:49 PM djoyce854
March 16th, 2011 02:14 PM Lee75 Trading in the Zone is such an important book and to me is really the Traders Bible. I read as often as I can to keep my
Psychology for trading on the right level and remind me of the reasons why I trade. I thoroughly recommend that all tra
ders should read this book
March 16th, 2011 02:47 AM zacharydw00 I recommend reading Trading in the Zone.