G'day,
I'm keen to understand more about trading psychology, in particular observations of one's own behaviours when making decisions.
I've heard a bit of Brett Steenbarger and might be interested in his 2.0 book. Any thoughts?
The reason this came up is that I've a winner which is on a streak. I opened the chart this arvo and it's RSI was 81. That's pretty high and does not tell a story in itself of course, but I thought 'ah that's not too bad, I'll let it go'. I then had the thought that I've looked at stocks I don't hold and almost 100% of the time been put off if the RSI is near 70, let alone 80! My view of the chart (and by default the fundamentals) changed because of my holding. In my view this does not a successful trade or investor make.
I'm interested in your comments and recommendations on who has good ideas and accessible material.
Cheers.
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