Friday 22 March 2013

The traders’ fears




Quotation:
Collective fear stimulates herd instinct, and tends to produce ferocity toward those who are not regarded as members of the herd...Bertrand Russell

The four major fears of traders and investors: fear of losing, fear of missing out, fear of leaving money on the table and fear of being wrong--are really some combination of fear and greed. The bottom line here is that fear is the predator…..Janice Dorn, M.D., Ph.D. 

The quotes above are extracted from the author’s article about emotions in trading stocks. To simplify so that general folks can understand better, I have filled in a chart of SEAGATE (the hard-disk drives manufacturer) the 4 fears. Take a look at the chart below.

Monday 4 March 2013

Books related to Jesse Livermore


How to Trade In Stocks, Livermore, Jesse, Acceptable Book

This book is available on Ebay or Amazon for about US$22 to US$25 delivered to your door.
The first part is written by Livermore and the second portion is written by Richard Smitten who explained the trading strategies of Livermore.
 
Reminiscences of a Stock Operator (Paperback) 


This is the book which is referred to in my previous 2 postings - TRADING PSYCHOLOGY (2) and ABOUT EMOTION IN TRADING.

It is available on Ebay or Amazon for about US$25 delivered to your door.