Another form of trading from a stock trader showing how one can profit from the stock market by following his plans carefully. The word investor chosen by Bloomberg on this story is not appropriate in my opinion. Chris Camillo is not an “investor” per se because he is trading the story and the price. Calling him a skilful speculator is probably more suitable.
Malcolm Gladwell: How to Succeed as an Underdog
It is about business strategies for underdog, for which it carries substance for beginner traders who want to become successful in trading one day because retail traders are the underdogs in the game of financial markets.
Veritasium: Would You Take This Bet?
Real life experiment with people on rational decision making.
Our human nature plays a big part in our lives on the decisions we make. Traders are especially haunted by our bias towards risk aversion as losses of any kind is almost automatically translated into a form of pain or threat. Being able to overcome that in one situation does not mean that you can make the right decision next time in a different situation. Hence our struggle as a trader against our human nature is a fight we have to carry on all the time.
