Traders' functionalities
and mentality during their time on the markets are referred to as trading
psychology. It can assess the degree and limits to which they are effective in
making a profit, or it may explain why a trader has suffered significant losses.
Traders who are well-versed in trading psychology will rarely act on emotion or
prejudice. As a result, emotional control is still a real-world problem in
financial markets. Obviously, the real question is how to "watch"
rather than "eliminate" negative emotions and feelings (such as fear
and greed) just before the execution orders are given. In order to deal with This
article introduces the groundbreaking concept of "Emotional Control
Sharing Trading Psychology, ECSTP," which has been described as a collaborative
trading engineering term, to address the emotional control issue. The proposed
term is then evaluated in real-world NYSE trading strategies in terms of
returns using an empirically-tested methodology (statistical analysis). The
results of the evaluation show that after the proposed term is implemented,
returns increase by up to 29%. The proposed trading strategy has the potential
to result in stronger and more efficient decisions at the expense of groupware
teamwork and communication issues. A well-designed website is always a good
idea. For investment decisions, a well-organized collaborative intervention
increases groupware quality and effectiveness.
Author (s) Details
Faculty of Law, Maastricht University, Maastricht, Limburg, Netherlands.
Simona P. Williamson
University of Melbourne, Parkville, Melbourne, 3010 VIC, Australia.
View Book :- https://stm.bookpi.org/NHESS-V9/issue/view/52
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