There are number of topics that come up on a regular basis on the trading blogosphere, but the one most important and the most frequently talked about, is “how the markets are rigged.” Anyone who has been in this business for any length of time can tell you with 100% certainty the markets are rigged. Plain and simple, the markets, specifically the exchanges, are totally geared towards screwing you, the retail investor.
Last week we embarked on a discussion about how behavioral economist and 2002 Nobel laureate, Daniel Kahneman transformed the fields of economics and investing. I promised we would finish off the discussion with a look at noise, biases, and hindsight. Then Kahneman’s four simple strategies for better decision making that can be applied to both finance and life. Noice Alert […]
Behavioral economist and 2002 Nobel laureate, Daniel Kahneman has transformed the fields of economics and investing. At their most basic, his revelations demonstrate that human beings and the decisions they make are much more complicated — and much more fascinating — than previously thought. At a conference in Hong Kong, Kahneman delivered a captivating mini-seminar on the […]
There are a number of topics that slip-slide over my desk daily but the one that feels like a slug making it way across the garden path leaving it’s slimy, gooey, grime is, “how the markets are rigged against retail traders.” Anyone who has been in this business for any length of time can tell […]
One of the primary objectives of these weekly sessions with your in-house trading psychologist – what you didn’t know I was a trading psychologist? – is to teach you how to make market information neutral, how to look at market data from the market’s perspective, how to Become the algorithm. I can just hear the […]
Some years ago, I was going about my daily routine, which mostly involves working on QiT, working out at the gym or working in the yard, when, out of the clear blue, I was hit with an “aha” moment. I had just stumbled into a profound insight about myself and, no, it wasn’t that all […]