tactics, microstructure, market narrative, technical analysis, sentiment, positioning and systematic risk management. Good traders understand the importance of varying bet size based on opportunity, market volatility and their current performance.

When there is a strong trend and you have faith in it for multiple reasons, that’s not extrapolation bias.

Anyway, he stuck a post-it with “Long or flat” on his monitor to ensure he avoided the temptation to sell in what he felt could only be a bull market. Look at what we just discussed for example on the central bank policies: trading what you think they will do rather than what you’d like them to do. The Big Five Most studies of personality and its impact on life outcomes use the Big Five Personality Traits.

What we perceive as luck is often just a combination of good observation skills and the ability to seize unexpected opportunities. It is not unusual for individuals to graduate from college with minimal knowledge in areas that are crucial for the development of rational thinking.

You own something (the trade and the view that led to it) and people don’t like giving up what they own. We observe that subjects who rely on the randomized experts pick those who were successful in the past, showing behavior consistent with the hot hand belief. You have observed that the success rate for people starting out at banks is very different (~50%) to the success rate for individual traders (~5%).

These are all incredibly smart guys who do amazing analysis that mostly points to an imminent large-scale bear market. I like signals that come up a few times per year, such as Jake Bernstein’s Daily Sentiment Index below 10 or above 90.Should you demonstrate you have what it takes to become an Alpha Trader, Blackwell Global will build a plan around you. It isn’t a matter of flicking through a few charts, drawing a couple of trend lines, or using some automated Charty McChart. We give people around the world the opportunity to contribute to the circular economy, earn money and protect the planet, by trading their unwanted books and media. Experience of 5+ years trading the financial markets with deep insights on risk management and risk assessment of financial assets and investments while building multiple successful businesses with one of the fastest growing YouTube channels in India, meanwhile working with top tier Hedge Fund managers and investment bankers in the heart of Dubai.

A journalist can publish any sort of nonsense on the internet and there is very little consequence if it turns out to be inaccurate. When related markets have started to move but your traded market has not, this might lend weight to a trading thesis. Before joining Spectra, Brent was a senior FX trader at HSBC, head of G10 Spot Trading at Citi New York and global head of G10 FX Trading at Nomura New York.

Alpha Trader is Brent Donnelly’s instant-classic book on the Mindset, Methodology and Mathematics of professional trading.