Apr 21, 2015 | Psychology of Trading, Zolio Market Commentary
This article is the product of a collaboration between Zolio’s Ted Hayes, Ph.D. and Brett Steenbarger, Ph.D. Ted Hayes, Ph.D. is an Adjunct Professor of Organizational Sciences at George Washington University in Washington, DC. He also is an applied psychologist...
May 22, 2013 | Psychology of Trading
Numerous books have been written on the topic of trading success. Nevertheless, it is unclear how expert traders obtain their expertise. Several explanatory models are implicit in market writings: 1. The psychological model: What makes great traders, this model...
May 22, 2013 | Psychology of Trading
I received an email with an excellent question that has bedeviled me in my own work with traders: Why do traders fight breakout, trending moves when they are so obvious? Time and again, I will see traders refuse to enter a market that is breaking lower because “I...
May 22, 2013 | Psychology of Trading
A common perspective is that traders run into problems because of personal (or personality) flaws. My experience with successful traders in professional settings, however, finds that the successful traders often have as many of those shortcomings as other traders. The...
May 22, 2013 | Psychology of Trading
What I love most about trading is that it exercises the brain and the will. It involves ongoing analysis and problem solving, and it requires the steady development of performance-based skills. I’m sure serious players of chess and poker enjoy similar benefits....
May 22, 2013 | Psychology of Trading
There are quite a few books written on how to make money in the market. Some of them are even written by people who have made money as traders! What you don’t see often, however, are books or articles written on how to lose money. “Cut your losers and let your...
