December 2009
Intermediate to advanced
208 pages
5h 33m
English
book
The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success
by Ari Kiev
Content preview from The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success
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4.4. IDEA CONSTRUCTION
As Jesse's interview illustrates, thinking creatively involves much more than buying good companies and shorting bad ones. Sometimes, the most innovative trades involve the most unexpected moves. The key is to look for inefficiency in the market and to focus more on issues of psychology, game theory, and behavioral finance than on fundamentals.
In order to truly be successful, you must recognize factors in the market that might have an impact on the price of the stock during a specific time period. Ideally, you should develop a differentiated view and decipher the data to determine which trades have the most potential before investing a large percentage of time investigating them.
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