Technical Analysis of STOCKS & COMMODITIES
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DownloadOvercoming 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...
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