Dr Daniel Crosby makes behavioural finance fascinating and explains why our primitive brains are hardwired 180 degrees against investing in the stock market.Caroline StephenThe price of West Texas Intermediate Crude oil went into negative dollars for the first time in history. Here is a quick look at the price drop and the differences between Brent and West Texas Crude.  Dr Daniel CrosbyWhy is trading so hard to master? Daniel explains it.It is true, God or nature could not have created a worse investor than you or I.Our brains are wired 180 degrees backwards to invest in the stock market.Humans hate NOTHING more than uncertainty.In over 2500 years our primitive brains have not had a substantial upgrade and there is an enormous mismatch for what we were made for in cave-man times and what is required in modern financial marketsFor instance, why are we statistically wired to be 2.5 times more upset about a loss than a comparably sized win?  Daniel explains it at 9.45 minsAnd then he talks about the 3 types of risk at 11.10 mins and two primary types of behavioural errors and biases; ego and its role as a protective function in humans at 15.30 mins and emotionalism as the first-ever risk tolerance questionnaire at 18.10 mins.You will just love this interview.To find out more about him go to: LinkedIn Daniel Crosby PhD Twitter @danielcrosbyTo listen to his podcast go to Standard Deviation. 

Still trading on gut feel? That’s not strategy — that’s gambling. And it’s why most traders stay broke.
Get my Trading Made Simple course free at tradinggame.com.au and start trading like the pros. 

Don’t wait — the market won’t.

Get my free Hot or Not Special Report

I’ve created a FREE Hot or Not Special Report that reveals the 3 hottest sectors—and the 3 coldest—in the Australian market.

Save yourself time and frustration. With my help, you’ll know exactly where to focus—and where to avoid.

Download your FREE report now at www.tradinggame.com.au/hotornot and start making more informed trades today. 

Trade confidently. Louise Bedford is a best-selling author and founder of www.tradinggame.com.au and www.talkingtrading.com.au.

Facebook
YouTube
Twitter
LinkedIn