* Here's a post that caught my eye on the Dunning-Kruger effect--a cognitive bias inward which people who don't know tend to also non know that they don't know. This fantabulous article puts the DK lawsuit into context in addition to makes the observation that experts are to a greater extent than probable to accurately assess their degree of cognition in addition to success--and fifty-fifty modestly understate their gifts--relative to those who are misfortunate performers. I cause got consistently institute that to last the illustration inward the trading world: less sophisticated participants attempt levels of per centum of furnish that are never consistently achieved past times the goodness performers, whereas elite coin managers tend to last humble almost their electrical flow in addition to hereafter performance.
* Thanks to a savvy trader at SMB for pointing out this fascinating post on rhythmanalysis, every bit good every bit this post on mapping in addition to tracking your happiness. It's exclusively a affair of fourth dimension earlier such projects get together into big information efforts that tell us much to a greater extent than almost psychology than ordinary (biased, limited) self-report.
* My concluding post has me thinking almost the information that should ideally look on a marketplace chart. What I realized is that at that topographic point is almost no overlap betwixt whatsoever nautical chart review I perform in addition to whatsoever quantitative analysis I undertake. That doesn't seem right. What if a nautical chart visually captured backtested patterns from marketplace research? I'm working on it...
* Along that same line, I wonder if yous took 100 traders in addition to gave them access to marketplace charts in addition to X pieces of information that they institute most relevant to making trading decisions. They would follow the same marketplace for the same fourth dimension period. Would the pose out of trades taken last a mensurate of the Dunning-Kruger effect? By the way, here's the master copy newspaper on the effect. The abstract neatly states their thesis.
* Thanks to this fascinating post on rhythmanalysis, every bit good every bit this post on mapping in addition to tracking your happiness. It's exclusively a affair of fourth dimension earlier such projects get together into big information efforts that tell us much to a greater extent than almost psychology than ordinary (biased, limited) self-report.
* when at that topographic point are no trades to last had. When trading is everything, it's non surprising that everything is approached every bit a trade.
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