Financial Risk Taking

Beschreibung

In Financial Risk Taking, trader and psychologist Mike Elvinexplores the complex relationship between human behaviour patternsand the markets, offering the reader a context in which to assesstheir own strengths and weaknesses as investors. The book offers anapposite and uncomplicated system of skills development in the formof competences and competencies that can be applied anywhere alongthe continuum from casual investor to full-time day trader. Elvinpresents a Comprehensive Model of Trading Competence (the MOT) aswell as the concepts of analysis and refutation, the paramouncyprinciple, and self-sabotaging behaviours such as the Santa Claussyndrome and Bohica effect. Areas covered include: * Emotions - are they functional or disabling? How do themechanisms of fear, greed and panic work? * Motivation and perception - how do belief paradigms affectperception and performance? * What perceptual errors influence decisions to the trader'sdetriment? * Information processing and risk assessment - how doesinformation overload affect Stress How does stress affectinvestment decisions? * Technological and mathematical anxiety - why do we avoidlearning the skills we most need? What levels of ability arerequired? * Can psychological and biological theories assist in ourunderstanding of investors' performance?

Autor*in

Mike Elvin

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Börsenhandel Finance & Investments Finanz- u. Anlagewesen Trading

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