Train Your Gut Like a Master Trader
- By Curtis Faith
- Published Feb 15, 2010 by FT Press. Part of the FT Press Delivers Elements series.
- Copyright 2010
- Dimensions: 5-3/8 X 8-1/4
- Pages: 9
- Edition: 1st
- eBook (Watermarked)
- ISBN-10: 0-13-708532-X
- ISBN-13: 978-0-13-708532-3
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This Element is an excerpt from Trading from Your Gut: How to Use Right Brain Instinct & Left Brain Smarts to Become a Master Trader (9780137047680) by Curtis Faith. Available in print and digital formats.
How traders can recognize the moments when they must override their gut instincts and cognitive biases.
Neuropsychology has taught us that the physical structure of the brain is prewired with certain tendencies designed for survival and reproduction of a species. Generally, these cognitive biases are very useful. However, in specific limited scenarios--particularly in trading and finance--they can trip you up. You need to retrain your gut to override them in specific trading circumstances....
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