Is Trading Just a Numbers Game? This Study Says So
Thank you to everyone who responded to Friday’s Trading Lesson of the Day, “Do You Want the Market to Go Up or Down?”. I’ve really enjoyed reading the insight you provided with your answers. If you haven’t already responded, please feel free to do so. This Friday, I’m going to share some of the responses (no names – just some of the answers) and I’ll also give you my own thoughts on the topic.
Today I’d like to share with you an article/study which I thought would be of interest. The study shows how traders/investors respond to different price levels. Historically the marketing world has known that consumers respond to offers with 99 at the end of the price. Who knew that traders and investors do too!
The Long View: Profiting from the Irrational
Have you tried a free trial to our TradingMarkets Battle Plan? Every day we’ll provide you with incisive, before-the-bell commentary and analysis on the day’s markets to help put your trading in context. We’ll give you suggested entries and exits for trade opportunities that may be only hours away. And we’ll give you what many other people can’t: model-driven percentages so that you know the historical win rate going back to 1995 for every single trade idea—