Cognitive Biases in Trading: What They Are and How to Overcome Them Last updated: 3 July 2026 · By Spencer Li, CFTe A cognitive bias is a systematic error in thinking that pushes you toward a decision that feels rational but is not. In trading, these biases are why a smart person holds a loser […]
What Is Behavioral Finance? (And Why It Matters for Traders) Last updated: 3 July 2026 · By Spencer Li, CFTe Behavioral finance is the branch of finance that studies why people make irrational money decisions, by combining classical finance (which assumes people act rationally to maximise their own interest) with psychology (which explains the emotions […]
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 […]
My Trading Journey: How I Went From Broke College Student to Trading Full-Time Last updated: 3 July 2026 · By Spencer Li, CFTe I started trading as a broke college student working part-time jobs to pay my way through school, and over about 15 years I built it into a full-time living and a teaching […]
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 […]
