Elvin Financial Risk Taking

An Introduction to the Psychology of Trading and Behavioural Finance
1. Auflage 2004
ISBN: 978-0-470-02072-2
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 294 Seiten, E-Book

Reihe: Wiley Trading Series

In Financial Risk Taking, trader and psychologist Mike Elvinexplores the complex relationship between human behaviour patternsand the markets, offering the reader a context in which to assesstheir own strengths and weaknesses as investors. The book offers anapposite and uncomplicated system of skills development in the formof competences and competencies that can be applied anywhere alongthe continuum from casual investor to full-time day trader. Elvinpresents a Comprehensive Model of Trading Competence (the MOT) aswell as the concepts of analysis and refutation, the paramouncyprinciple, and self-sabotaging behaviours such as the Santa Claussyndrome and Bohica effect.
Areas covered include:
* Emotions - are they functional or disabling? How do themechanisms of fear, greed and panic work?
* Motivation and perception - how do belief paradigms affectperception and performance?
* What perceptual errors influence decisions to the trader'sdetriment?
* Information processing and risk assessment - how doesinformation overload affect Stress How does stress affectinvestment decisions?
* Technological and mathematical anxiety - why do we avoidlearning the skills we most need? What levels of ability arerequired?
* Can psychological and biological theories assist in ourunderstanding of investors' performance?

Autoren/Hrsg.

Elvin, Mike

Inhaltsverzeichnis

List of Figures.
Foreword.
Contrarian Investment Strategies.
Acknowledgements.
1. Introduction: Between Scylla and Charybdis.
2. Understanding Trading Competence.
3. A Comprehensive Model of Trading Competence.
Part A: The Tactical Model of Trading Competence.
Part B: The Strategic Model of Trading Competence.
4. Taming Stress to Become a Better Trader.
5. The Psychology of Perceptual Bias.
6. Emotions, Emotional Intelligence, and the Trader.
7. Martial Arts and Budo Zen - Controlling Fear andSelf-Sabotage.
8. Standards and Criteria for Trading Competence.
Appendix 1: Reading List.
Appendix 2: Websites of Interest.
Appendix 3: Courses and Seminars.
Bibliography.
Index.

Über Autor(innen)

Mike Elvin graduated in Psychology from the University ofSussex and subsequently received a scholarship from the Home Officeto write a thesis at the University of Kent at Canterbury. He wasemployed as a psychologist by the renowned Professor RG Andry, atthe University of London, undertaking research and practice inpsychiatric therapeutic communities.
For some years, D. Elvin managed Community Mental HealthServices in London, UK, and was seconded to the University ofKingston Business School to study Business Administration. At thattime, he was trading stocks and shares part time with considerablesuccess. He resigned his management post o undertake employment asa full-time trader and to develop trading systems with Tom Williamsat Genie Software Ltd. Dr. Elvin teaches and writes on thepsychology of trading, behavioural finance, and technical analysisgiving individual tuition and seminars. He wrote Financial RiskTaking following research over eight years, which includedinterviewing home and professional traders, mainly in the UK. Heholds approved status as an expert witness in Sweet andMaxwell's Law Directory of Experts and is developing adiploma course for traders in the UK.