Entries by Spencer Li

The Quest for the Holy Grail: Secrets, Gurus & Software

Another big danger to new traders is the idea of the holy grail of trading. To many, the holy grail of trading is deemed to be the ultimate solution to all their trading problems, the magic bullet that will allow them to profit without effort, the secret trading method or tool that will allow them to […]

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Hindsight Bias – When People Say “I Knew It All Along!”

Described in simple terms, hindsight bias is the impulse that insists: “I knew it all along!” Once an event has elapsed, people afflicted with hindsight bias tend to perceive that the event was predictable – even if it wasn’t. This behaviour is precipitated by the fact that actual outcomes are more readily grasped by people’s […]

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Private Trading Workshop | Guest Speaker at TRT (Traders Round Table)

Today, we gave an exclusive seminar to the members of TRT (Traders Round Table), where we focused more on trading psychology since the audience consisted of mostly experienced traders. We also had time to go through some candlestick patterns from a psychological perspective, and some examples to illustrate the limitations of candlesticks in price action […]

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The Synapse Program Q2 2012 – Pioneer Batch!

A warm welcome to the new members of our community! Over the past weekend, you have learnt the tools of price action, volume and psychology, as well as a variety of setups for different market conditions. We hope everyone has gained insights and knowledge to take your trading to the next level. Based on the […]

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Loss Aversion Bias – Why a Loss Has Twice the Psychological Impact

Loss aversion bias was developed by Daniel Kahneman and Amos Tversky in 1979 as part of the original prospect theory. Basically, it suggests that psychologically, the possibility of a loss is on average twice as powerful a motivator as the possibility of making a gain of equal magnitude. In short, it suggests that people woud […]

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