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Psychological Recession
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Trend Following Systems Available | All Michael Covel Books
August 26th, 2008 at 4:27 am
Everything is psychological, that includes trading.The closing prices are real.
August 27th, 2008 at 6:51 am
During recessions or tough times people stop taking risks even the favorable ones… that is psychological recession. Remember what Buffett says “Be greedy when others are fearful.”
August 28th, 2008 at 10:19 am
For me, this is just another empty term that really has no more relevance than what many fundamental analyst have to say. It is just like the phrase that many computer programmers use “garbage in garbage out”. As far as I am aware, the only psychology that the trend follower has to be aware of is his own. The market will take care of itself and trend as it always has. People are people and that will never change. Sadly, in my opinion, most of us have genes with stupidity built into them! Most of us cannot help but be stupid and that is what makes trends happen over and over and over again.