The Psychology of Successful Trading

Behavioural Strategies for Profitability

Business & Finance, Finance & Investing, Finance, Investments & Securities
Cover of the book The Psychology of Successful Trading by Tim Short, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Tim Short ISBN: 9781351601016
Publisher: Taylor and Francis Publication: November 22, 2017
Imprint: Routledge Language: English
Author: Tim Short
ISBN: 9781351601016
Publisher: Taylor and Francis
Publication: November 22, 2017
Imprint: Routledge
Language: English

This book is the first to demonstrate the practical implications of an important, yet under-considered area of psychology in helping traders and investors understand the biases and attribution errors that drive unpredictable behaviour on the trading floor. Readers will improve their chances of trading successfully by learning where cognitive biases lead to errors in stock analysis and how these biases can be used to predict behavior in market participants.

Focusing on the three major types of bias—Belief-Formation, Quasi-Economic, and Social—the book provides a rigorous discussion of the literature before explaining how each of these biases plays out in financial markets. The author brings together the fields of philosophical psychology and behavioral finance to introduce "theory of mind," providing readers with tools to predict biases in others as well as using these predictions to form optimal trading strategies for themselves. Readers will also learn to understand their own behaviors, counteracting biases such as overconfidence and conformity—and the "curse" of their own knowledge—to strengthen trade performance. Pairing his skill and experience with an extensive research bibliography, Short positions the foundational sources of cognitive biases alongside concrete examples, experimental designs, and trader’s anecdotes, helping readers to apply theoretical guidelines to real-life scenarios.

Shrewd professionals and MBA students will benefit from The Psychology of Successful Trading’s intuitive structure and practical focus.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book is the first to demonstrate the practical implications of an important, yet under-considered area of psychology in helping traders and investors understand the biases and attribution errors that drive unpredictable behaviour on the trading floor. Readers will improve their chances of trading successfully by learning where cognitive biases lead to errors in stock analysis and how these biases can be used to predict behavior in market participants.

Focusing on the three major types of bias—Belief-Formation, Quasi-Economic, and Social—the book provides a rigorous discussion of the literature before explaining how each of these biases plays out in financial markets. The author brings together the fields of philosophical psychology and behavioral finance to introduce "theory of mind," providing readers with tools to predict biases in others as well as using these predictions to form optimal trading strategies for themselves. Readers will also learn to understand their own behaviors, counteracting biases such as overconfidence and conformity—and the "curse" of their own knowledge—to strengthen trade performance. Pairing his skill and experience with an extensive research bibliography, Short positions the foundational sources of cognitive biases alongside concrete examples, experimental designs, and trader’s anecdotes, helping readers to apply theoretical guidelines to real-life scenarios.

Shrewd professionals and MBA students will benefit from The Psychology of Successful Trading’s intuitive structure and practical focus.

More books from Taylor and Francis

Cover of the book Secular Renaissance Music by Tim Short
Cover of the book Maintaining Relationships Through Communication by Tim Short
Cover of the book Hungarian-British Diplomacy 1938-1941 by Tim Short
Cover of the book The Concert of Civilizations by Tim Short
Cover of the book Progression in Primary Science by Tim Short
Cover of the book Synthetic Biology by Tim Short
Cover of the book Acting Theory and the English Stage, 1700-1830 Volume 4 by Tim Short
Cover of the book Building Communities (Routledge Revivals) by Tim Short
Cover of the book Mirror, Sword and Jewel by Tim Short
Cover of the book Communication, Sport and Disability by Tim Short
Cover of the book Marx and Education by Tim Short
Cover of the book Just Past? by Tim Short
Cover of the book Olympic Marketing by Tim Short
Cover of the book Learning to Teach RE in the Secondary School by Tim Short
Cover of the book Sports Analytics by Tim Short
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy