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A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
book

A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

by Michael C. Thomsett
July 2015
Intermediate to advanced content levelIntermediate to advanced
352 pages
9h 40m
English
Pearson
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

The Flaw of Overconfidence

Among the emotional components of market behavior, overconfidence may be the most destructive. It blinds the logical mind. It creates the illusion of certainty when conditions are uncertain. It convinces the investor that individual success, knowledge, and ability lead to success. Overconfidence is most dangerous among those with knowledge in a subject area. If a little knowledge is a dangerous thing, a lot of knowledge and experience can be both dangerous and blinding.

Having some knowledge is invariably a flawed condition, because it means an investor is not equipped to analyze the entire realm of risk involved in investing. However, once an investor has built a level of skill, increased success can easily lead to ...

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Publisher Resources

ISBN: 9780134190662Purchase book