Overcoming Bias by Gary Norden
ARTICLE SYNOPSIS ...Stocks & Commodities V. 23:5 (62-63): Overcoming Bias by Gary Norden
Trading biases may be affecting your decision-making abilities. Being aware of them can help you overcome them.
It has always amazed me how, in a business in
which we essentially have a 50% probability of making
money, about 80% of private traders lose. In the futures market where technical analysis is more prominent, the failure rate is even higher-- more than 90%. Could it be that a majority of traders are doing something drastically wrong?
WHAT ARE TRADERS DOING?
From my experience as a local trader on LIFFE, running in...