Read The Psychology of Successful Trading: Behavioural Strategies for Profitability

The Psychology of Successful Trading: Behavioural Strategies for Profitability

Tim Short

4.9/5 (34743 ratings)

Description:This book is the first to demonstrate the practical implications of an important, yet under-considered area of psychology in helping traders and investors understand the biases and attribution errors that drive unpredictable behaviour on the trading floor. Readers will improve their chances of trading successfully by learning where cognitive biases lead to errors in stock analysis and how these biases can be used to predict behaviour in market participants.Focussing on the three major types of bias - Belief-Formation, Quasi-Economic, and Social - the book provides a rigorous discussion of the literature before explaining how each of these biases plays out in financial markets. The author brings together the fields of philosophical psychology and behavioural finance to introduce 'Theory of Mind, ' providing readers with tools to predict biases in others as well as using these predictions to form optimal trading strategies for themselves. Readers will also learn to understand their own behaviours, counteracting biases such as overconfidence and conformity - and the 'curse' of their own knowledge - to strengthen trade performance. Pairing his skill and experience with an extensive research bibliography, Short positions the foundational sources of cognitive biases alongside concrete examples, experimental designs, and trader's anecdotes, helping readers to apply theoretical guidelines to real-life scenarios.Shrewd professionals and MBA students will benefit from The Psychology of Successful Trading's intuitive structure and practical focus.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Psychology of Successful Trading: Behavioural Strategies for Profitability. To get started finding The Psychology of Successful Trading: Behavioural Strategies for Profitability, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Format: PDF, EPUB & Kindle Edition

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ISBN: 1351601016

Description: This book is the first to demonstrate the practical implications of an important, yet under-considered area of psychology in helping traders and investors understand the biases and attribution errors that drive unpredictable behaviour on the trading floor. Readers will improve their chances of trading successfully by learning where cognitive biases lead to errors in stock analysis and how these biases can be used to predict behaviour in market participants.Focussing on the three major types of bias - Belief-Formation, Quasi-Economic, and Social - the book provides a rigorous discussion of the literature before explaining how each of these biases plays out in financial markets. The author brings together the fields of philosophical psychology and behavioural finance to introduce 'Theory of Mind, ' providing readers with tools to predict biases in others as well as using these predictions to form optimal trading strategies for themselves. Readers will also learn to understand their own behaviours, counteracting biases such as overconfidence and conformity - and the 'curse' of their own knowledge - to strengthen trade performance. Pairing his skill and experience with an extensive research bibliography, Short positions the foundational sources of cognitive biases alongside concrete examples, experimental designs, and trader's anecdotes, helping readers to apply theoretical guidelines to real-life scenarios.Shrewd professionals and MBA students will benefit from The Psychology of Successful Trading's intuitive structure and practical focus.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Psychology of Successful Trading: Behavioural Strategies for Profitability. To get started finding The Psychology of Successful Trading: Behavioural Strategies for Profitability, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The Psychology of Successful Trading: Behavioural Strategies for Profitability

The Psychology of Successful Trading: Behavioural Strategies for Profitability

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