The Psychologist Who Turned the Investing World on Its Head

[Slow Learning Elf]

A lot of Kahneman's research including many things in the Thinking Fast and Slow book doesn't replicate but to his credit he was very open about the problem.

It's a problem that is general to social sciences - hard to get large samples, so experiments are very difficult to reproduce.

Many of their hypotheses have been confirmed independently via different experimental design. Relevant to us, there were studies involving market participants (non-survey based) regarding loss aversion and framing.

 

[taowave]

You dont know what "wired" means

is that a typo?

The statement "is sounds wired?"

I have no idea what that means.

 

[taowave]

I do hope you become rich,keep your eye on the ball..

Without Health,you have nothing
.

Good Morning semperfrosty,

I disagree with that statement in your picture.

That statement in your picture is sounds weird.

There is no greater feeling in the world then being rich..it's all that matters in life for me

Being poor is not good feeling. Especially if you live in America like me and born here.

 

[SimpleMeLike]

I do hope you become rich,keep your eye on the ball..

Without Health,you have nothing
.

Good Morning taowave,

Thank you

I am very healthy. I work out and train everyday and do not eat bad food that make me overweight.

Being very fit in my physical size helps me to becoming very rich.

 

[2rosy]

Study in action
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2856963

 

[newwurldmn]

I do hope you become rich,keep your eye on the ball..

Without Health,you have nothing
.

 

[Picaso]

These quotes describe me, the fake elite trader.

Hate to admit, my success is not brain but the raging bull market.

I know, I shouldn't buy options.

Yes, losses are very very painful. To avoid the pains, in day trading, I rather take smaller profits so to feel less pains.

Life would be even less painful if I just follow him and buy index funds.

Bis vincit qui se vincit in victoria

 

[SunTrader]

Random is not random when people are, well, predictable.

Silly guy, not 37 but 137 which is important to physics, Feynman's fine structure constant.

As well as 137.5% that I use - the so-called Fibonacci Angle = 61.8% of 360°

Last but not least the number 7 is important to me, I was born hours before the 7th day of the 7th year of the 7th decade of the last century.

Now if only my Powerball numbers would cooperate.

 

[schizo]

I was born hours before the 7th day of the 7th year of the 7th decade of the last century.

Damn, no wonder. You're still a kid.

 

[ironchef]

Bis vincit qui se vincit in victoria

I don't understand Latin but Gemini translated that for me. Appreciate the coaching.

I know I am very lucky but also inadequate, need a lot of help to be a better trader.

I am very lucky because I beat long odds:

1. The odds that it was me who beat the other millions of sperms.

2. The odds that I live in this time, instead of during the depression, or the last century or some other times in human history.

3. The odds that I live and work in the US, instead of in North Korea, or Gaza, or Ukraine or....

4. Luck plays such a huge part in our life we shouldn't be too cocky about our ability. My option strategy wouldn't have worked during the depression, or in the 1970-80s. It is no me, it is the current raging bull market.

How do I know my day trading method is sustainable? I don't, I could be fooled by randomness. That is why I want help.

You take care.