Entries by Spencer Li

What are Cognitive Biases & Behavioral Biases?

To help traders and investors overcome the problem of emotions in decision-making, the first step is to be aware of the situations in which we might exercise flawed thinking, in the form of cognitive biases. Cognitive biases are systematic errors in thinking that affect the decisions and judgments that people make, so they might think […]

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What is Behavioral Finance?

In classical finance, traders and investors should always make rational decisions to maximise their self-interests, but in practice, quite often they end up making decisions that are not always rational, due to the influence of emotions and cognitive biases. There is a whole (relatively new field) of finance called behavioral finance, which seeks to understand […]

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Achieving Long-Term Consistency in Trading

In the game of trading and investing, the goal is not to make once-off huge bets and have large swings in your portfolio based on your luck. The ultimate goal is to achieve consistent returns over the long-run. And to achieve this consistency, traders will not only need to have a good trading plan, but […]

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My Trading Journey – From Broke to Financially Free in 7 Years!

Many people have been asking me about my trading journey, of how I basically started from almost nothing, and steadily built my way to financial freedom. It has taken me quite a while to document my whole journey, but I know it’s worth the effort if it can inspire others to do the same. Well, […]

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Analyzing Price Patterns on Multiple Timeframes

Another interesting feature of price patterns is how they play out across different timeframes. For example, if you see a pattern on the current timeframe chart you are using, have you wondered how it would look like on a timeframe which is higher or lower?   Looking at the example above, on the left we […]

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