Trading Psychology Event | Thinking, Fast and Slow | Part 7

Our final instalment with expert trader Tom Hougaard concludes with using the Stroop test to show how our minds can be easily misled and how we can react quickly without thinking. He uses this as a metaphor to show how when we stare at stock charts, our minds can jump to conclusions. We, therefore, need to discipline ourselves so we don’t react without thinking when trading. He instructs us to not be fooled by our mind’s tendency to jump to these conclusions, as it seeks out the answer we want. ► Check out Tom’s website: