Proprietary Trading Systems for Stocks, Futures, Currencies, ETFs, LEAPS & Commodities
Trading Insights that Government, Media and Wall Street Don't Want You to Know

Learn How Now

Trend Commandments

Michael Covel (FT Press)

Purchase | Reviews

The Little Book of Trading

Michael Covel (Wiley)

Purchase | Reviews

The Complete TurtleTrader

Michael Covel (Collins)

Purchase | Reviews

Trend Following

Michael Covel (FT Press)

Purchase | Reviews

Broke (Film DVD)

Michael Covel

Purchase | Reviews

We Are the Problem

Psychology | August 25th, 2010

Shout to Pragcap.com for the idea:

Note: No vulgarity or ugly attacks. There are other places for that.

  • Dan K

    Instead of using monkeys, what would have happened if she used trend followers in her experiment?

  • william

    When sticking to the system they overcome these evolutionary shortcomings.. but it’s because the system, not because the bright human brain ;-) )

    As beginning trader it’s confrontational to see I make the same stupid mistakes..

  • Sandwah

    typical left loon garbage. the humans are always the problem to them: global warming is another example where in the end we are the problem.

  • Trader Jim

    Sandwah, you miss the point.

    This is just another example of how trading a trend following method will make you a winner… whether the market is made up of humans or monkeys LOL!

  • DG Dye

    This is an incredible presentation.

    It helps explain to me why it is so difficult to engage most “intelligent” people in a rational discussion of economics and profit and loss in trading. They tend to dismiss trendfollowing and fall back on what they refer to as “common sense,” usually involving some Keynesian loss aversion macro-view or buy-and-hold fundamentalist view of the markets that explains unequivocally that the markets will rise….even while the entire market falls into the toilet.

    Their “common sense” might be rooted in a 35 million year old bias.

    Fascinating.


Trend Following

Learn trend following now with our firm.

Site Search

Loading

Trading Systems Courses

Books & Film

The Complete TurtleTrader

Trend Following Live

Extras

 

Market Wizard Interviews


  • Jim Rogers with Michael Covel in Singapore.

  • Market Wizard Larry Hite discusses odds.

  • Harry Markowitz on Jim Cramer.

  • Trader Salem Abraham about the unexpected.

  • Michael Covel: Reason TV Interview.

  • Michael Covel in Brazil for BM&FBovespa.

Switch to our mobile site