A webcast presentation originally held by Alexey Krishtop on December 14, 2016 as part of the CMT Association’s Educational Web Series.
We have all heard about psychological issues in trading. Buying high and selling low, cutting profits and letting losers run, risk aversion, greed and fear — all these problems are well known to most traders, both discretionary and systematic. Most of the time these issues are individual and market won’t regret of any single trader that lost money. But sometimes they become somehow consolidated, and then they form the public sentiment that seriously affects the market.
Normally all psychological aspects of trading are discussed separately from technical trading, and most popular market models ignore the psychological roots of market processes. But are all these models equally adequate to the real market processes and can they all be exploited with equal success?
In this webinar you will learn how the concept of the market as multitude of humans helps easily sorting out market models that most closely match the reality and subsequently can be very reliable and sieve out those that have good chances to fail due to their inadequateness to the real market.
