Learning from Market Wizards
Four horsemen riding into the third industrial revolution
I’m getting more and more interested in understanding the wider economy and how the financial sector influences it. The gained insights are rather shocking.
Continue reading “Four horsemen riding into the third industrial revolution”
The evil twins – FOMO and hindsight
“I could kick myself!”
I don’t know how often I have said this to myself in the last few months.
Trading on the fly
Lately I’ve been busy with other things. So, trading took a backseat. I have been trying to keep a hand in, though, and that might have been a mistake.
My new playground
I mentioned recently that I have finally started trading Bitcoin. There are two great aspects about this new endeavour:
- Trading is free.
- Bitcoin’s price rise compensates for my losses.
Thus, for me Bitcoin trading is essentially a safer playground compared to my stock trading account; a bit like a soft play park for toddlers.
Feeling guilty about success?
Recently I noticed somebody ask on social media whether other traders felt guilty when they won money in a trade because it means that somebody else has lost money. My first thought was…
Are you serious?!
The Chimp Paradox – review
A friend recently recommended this book. It captivated me because it takes an interesting approach to mind management. Even though this book does not specifically target trading psychology, I think that it is very useful for traders because it gives you tools to control your emotions and mindset.