Risk Management and Trading Psychology for Investors - online course

How to apply psychology to trading and investing so that your portfolio will be immune to human bias - Essential Skill!

Investors spend limitless hours prying in to the inner workings of companies but conveniently forget to pry in to something even more important in making successful trades: their own psychologies. The objective of behavioral risk management and trading psychology is to override the emotional and cognitive biases that effect poor trading decisions. By knowing your own blind spots (all humans have the same blind spots), you can avoid common losses due to innate human biases.

Most trading teachers basically pooh-pooh away trading psychology, saying, Just don't give in to fear/emotions/whatever." Some teachers take it a step further, preaching about aspects such as greed  but none of this is advice that can actually help you become a better investor. The truth is behavioral risk management is over avoiding fear and greed it is about developing a trading strategy that is purely logical and optimized for gains.

Yes, you might already have trading rules that include cease losses and take profits to prevent against fear and greed. But risk management is not about these technical tactics; it is about gaining control over your own mind. My work on risk management and trading psychology is founded on the study of human cognitive bias and the way it specifically affects investment decisions.

The objective of this work is to show you how your mind tricks you in to poor trading strategies and investment decisions so that you can acknowledge and avoid these biases.

You'll also learn how to:

1. How to handle missing knowledge about stocks
2. Why new knowledge about a stock can hurt you
3. types of securities that are over or undervalued
4. Why traders are so short-sided and how to keep away from the availability bias
5. How an investment opportunity's first appearance is often misleading
6. Why consistency in trading is evil
7. The main difference between young and elderly traders (hint: older traders underperform)
8. The different trading strategies of optimistic and pessimistic traders
9. How to tell if a trading guru is worth listening to
10. Why the more you know, the more you lose"
11. The largest time-waster in trading and how to keep away from it
12. The discounting bias and the way it leads to significant losses

and far, much more!

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