Active Investors Need to Think About the Odds
Trading Game » Trading Psychology
by Chris Tate
1w ago
Although investing is far noisier and uncertain than most card games, it is also an activity where understanding the odds is critical. While investors may feel uncomfortable talking about their decision making in probabilistic terms, it is inherent in everything we do – whether we are explicit about it or not. Much like assessing our ..read more
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Everything is Obvious
Trading Game » Trading Psychology
by Chris Tate
3w ago
The dominance of US equities has been one of the most significant features of financial markets over the last decade. The sheer magnitude of outperformance makes it easy to claim that it has simply been a case of an in-vogue market enjoying a substantial and unsustainable valuation re-rating, but that’s not quite true. Although a ..read more
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Daniel Kahneman on Thinking, Fast and Slow
Trading Game » Trading Psychology
by Chris Tate
3w ago
Trading is a profession that taxes our ability to view problems rationally and in a probabilistic manner. Daniel Kahneman highlights this issue in his book Thinking, Fast and Slow. As expected the majority of poorly performing traders believe it is about having the right coloured lines on their charts of hanging off every pronouncement made ..read more
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Ten Minutes With Tate Well That Sucked
Trading Game » Trading Psychology
by Chris Tate
1M ago
There is no doubt that trading is a difficult business – there is the illusion presented by the internet and then there is the reality of managing a business day after day. And as with all business progress is not linear – it has ebbs and flows. Unlike the majority of other businesses in trading ..read more
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The Value of Holding Yourself Back
Trading Game » Trading Psychology
by Chris Tate
1M ago
I was struggling. I was in my competitive running days, in the best shape of my life, knocking out workouts I couldn’t imagine, but races were not going well. I just couldn’t put it together. I gave myself one last shot before packing in the bags for that season. In two weeks I was going ..read more
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Ten Minutes With Tate The World Will End…..Eventually
Trading Game » Trading Psychology
by Chris Tate
1M ago
There is an old adage – garbage in, garbage out. Stemming from the world of computer science it is equally applicable to markets. If you are feeding your brain the wrong things then your internal software will be shaped by this and predictably the result of this will be ruinous ..read more
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Lessons From Sports Psychology Research
Trading Game » Trading Psychology
by Chris Tate
2M ago
Since the early years of this century, it has been commonplace for computerized analyses of athletic statistics to guide a baseball manager’s choice of pinch hitter, a football coach’s decision to punt or pass, or a basketball team’s debate over whether to trade a star player for a draft pick. But many sports experts who ..read more
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Which Type of Investor Are You?
Trading Game » Trading Psychology
by Chris Tate
2M ago
It is so tempting to get lost in the noise and intrigue of financial markets that we can easily forget what type of investor we are. Although the investing community can at times appear something of an amorphous blob attached to the latest in-vogue topic; groups of participants are engaged in wildly different activities that ..read more
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Ten Minutes With Tate There Is No Magic
Trading Game » Trading Psychology
by Chris Tate
2M ago
Naturally, traders look to the internet for guidance its ubiquitous presence means that this is inevitable. Unfortunately, the trading-related videos you see on the internet are often a very unsuitable role model for traders because the lifestyle they purport to show is a work of fiction ..read more
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Building Mental Toughness
Trading Game » Trading Psychology
by Chris Tate
3M ago
“If you don’t rule your mind, your mind will rule you,” More – Outside ..read more
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