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Old 04-17-2007, 08:22 PM
mrbaseball mrbaseball is offline
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Join Date: Feb 2003
Location: shortstacked on the bubble
Posts: 2,622
Default Re: What are traders?

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I believe anyone trading in any time frame (longer time frames) can benefit from Douglas. He covers a ton of material related to behavioral issues like loss aversion, the disposition effect, fear effects etc.


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You're probably correct that his stuff does translate well to longer timeframes although I believe it is tailored for the shorter term interday stuff. The short term interday trader will experience the fears he speaks of several times a day while the longer timeframe traders will have far less opportunity to make the plethora of pyschological mistakes that a daytrader has available.

As far as "ask me" threads go I have always found those sort of pretentious [img]/images/graemlins/smile.gif[/img] I'm more than willing to talk trading and answer questions though to a degree and happy to join in on trading threads even though there haven't been very many in my areas of experience or expertise.
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