I am conducting my thesis on this subject. The only issue I am finding is how to quantify these biases and how to determine whether stock prices have been affected by such biases. Any help? Thanks!
I am in your situation right now. Please share your experience with me. Is it worth writing a thesis on this subject? Was it interesting? Thank you in advance
Investors with good control of emotions normally make profits. That is my painful experience. Those with good technical skills but weak psychology always buy and sell easily and are unable to stay with the winning stocks but with the losing stocks. Those who are not suitable to be engaged in day trading or short-term trading usually do not have strong psychology and control of emotions. They should revert back to becoming longer term investors. Long term investment can help us avoid the short term fluctuations and focus on the intrinsic value of the stocks. However, I am always affected by emotions so I need to control them, but this would take many many years.
This is a good read, I think it was free on kindle a while back. Not sure if it still is free. en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds
The example you gave: story of my life
Thanks for the video.
Fantastic topic!
I am conducting my thesis on this subject. The only issue I am finding is how to quantify these biases and how to determine whether stock prices have been affected by such biases.
Any help? Thanks!
Christoph Caruana I would suggest a questionnaier.
I am in your situation right now. Please share your experience with me. Is it worth writing a thesis on this subject? Was it interesting? Thank you in advance
So true...
Investors with good control of emotions normally make profits. That is my painful experience. Those with good technical skills but weak psychology always buy and sell easily and are unable to stay with the winning stocks but with the losing stocks. Those who are not suitable to be engaged in day trading or short-term trading usually do not have strong psychology and control of emotions. They should revert back to becoming longer term investors. Long term investment can help us avoid the short term fluctuations and focus on the intrinsic value of the stocks. However, I am always affected by emotions so I need to control them, but this would take many many years.
What do you think of investing in Alibaba
would be interesting about psychology of masses. How crowd acts.
This is a good read, I think it was free on kindle a while back. Not sure if it still is free.
en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds
***** thanks, but I hate reading :/
dailyforman Look for Gann Or Elliott Wave theory vids, this is mass behavioural finance.
Jay Elliott eliot wave is not behavioral it is just another which crafting.
Ahhh you got me. I am a which. Touché.
Nice