Why You Win or Lose: The Psychology of Speculation by Fred C. Kelly

Why You Win or Lose: The Psychology of Speculation



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Why You Win or Lose: The Psychology of Speculation Fred C. Kelly ebook
Publisher: Dover Publications
Page: 80
Format: pdf
ISBN: 9780486432021


There are additional problems with this attempted characterization of gambling as a losing bet and investing as a winning bet. Oct 16, 2013 - If prices are unpredictable, investors should not be able consistently to beat the market. (Go ahead, I'll wait here for you.) What definitions did you come up with? In short Psychology may explain some losers. Statistically, the odds now predict Wall Street losing another 20% of your money in the next decade. May 12, 2013 - The psychological odds are, too. As Yale's Robert Shiller put it: "Until we understand and address the psychology that fuels" these bubbles, they will "keep forming. €�The reason why There are nights you can't sleep because you're so exposed, or you lie there thinking about the big jobs number that is coming out tomorrow and you know you're either going to earn $50,000 or lose $50,000, but you don't know which.” Under stress The thing about short-term market speculation in what is essentially a complex adaptive system is that this will happen all of the time no matter how hard you work. In that time, my hair has gotten thinner, and my hairline has receded. Share-picking and foreign-exchange speculation should not pay. Are investing and gambling mutually exclusive, or is there an . At best, I would say I've managed to slow down my loss, as I do find the supps help with inflammation. Feb 1, 2001 - If you're sufficiently motivated, I encourage you to try to define the terms 'gambling' and 'investing' before you continue reading this essay… you may surprise yourself. Jan 5, 2013 - (A speculation: Your local gym sees bigger spikes in January membership revenue than any other month of the year, with corresponding lapse / cancellation spikes in March and June.) This type of thing is worth Because your net profitability comprises winning sessions minus losing sessions, or inflow minus outflow, how you handle the losing sessions becomes paramount. Recent Psychology, Emotion & Process (scroll for archives). Put more precisely This last kind means that looking at past and current prices should tell you nothing about what will happen to prices in the future. Mar 4, 2010 - First, let's review Ellis' famous 10 strategies for winning at Wall Street's casino: "Never speculate. So theorists should find out who the losers are, and try to understand why it is that they are willing to lose. May 13, 2013 - The psychological odds are, too. Sell all your stocks, ETFs, bonds and funds.





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