Discipline ‘key to success in trading’ Last week, I was interviewed by Teh Shi Ning, one of the reporters from the Business Times, to share my trading journey and his success story. “Having spent over 7 […]
Self-Attribution Bias in Trading: Why You Think You’re Better Than You Are Last updated: 3 July 2026 · By Spencer Li, CFTe Self-attribution bias is the tendency to credit your wins to your own skill while blaming your losses on bad luck, the broker, the platform, or the news. In trading it is dangerous for […]
Leonardo Da Vinci once said that simplicity is the ultimate sophistication. Let’s take a moment to ponder that. This applies to research analysis as well. When you hear people talking about some sophisticated trading system or some flashy indicators or some complex wave projections, think again. It is more likely to be smoke and mirrors. […]
In order to derive meaning from life experiences, people have developed an innate propensity for classifying objects and thoughts. When they confront a new phenomenon that is inconsistent with any of their preconstructed classifications, they subject it to those classifications anyway, relying on a rough best-fit approximation. There are two main types of […]
Cognitive Dissonance in Trading: Why You Refuse to Cut a Losing Trade Last updated: 3 July 2026 · By Spencer Li, CFTe Cognitive dissonance is the mental discomfort you feel when new information contradicts a position you already hold, and in trading it is the bias that keeps you in a losing trade long after […]
