gold-pattern

  Personality   Personality refers to the enduring characteristics and behavior that comprise a person’s unique adjustment to life, including major traits, interests, drives, values, self-concept, abilities, and emotional patterns. Various theories explain the structure and development of personality in different ways, but all agree that personality helps determine behavior.   The field of personality psychology studies the nature and definition of personality as well as its development, structure and trait constructs, dynamic processes, variations (with emphasis on enduring and stable individual differences), and maladaptive forms. gold signals   Personality psychology is a branch of psychology that examines personality and its variation among individuals. It aims to show how people are individually different due to psychological forces.[1] Its areas of focus include:   construction of a coherent picture of the individual and their major psych...

  Personality tests There are two major types of personality tests, projective and objective.   Projective tests assume personality is primarily unconscious and assess individuals by how they respond to an ambiguous stimulus, such as an ink blot. Projective tests have been in use for about 60 years and continue to be used today. Examples of such tests include the Rorschach test and the Thematic Apperception Test.   The Rorschach Test involves showing an individual a series of note cards with ambiguous ink blots on them. The individual being tested is asked to provide interpretations of the blots on the cards by stating everything that the ink blot may resemble based on their personal interpretation. The therapist then analyzes their responses. Rules for scoring the test have been covered in manuals that cover a wide variety of characteristics such as content, originality of response, location of "perceived images" and several other factors. Using these specific ...

What Is a Retracement? A retracement is a technical term used to identify a minor pullback or change in the direction of a financial instrument, such as a stock or index. Retracements are temporary in nature and do not indicate a shift in the larger trend.   KEY TAKEAWAYS A retracement is a minor pullback or change in the direction of a financial instrument, such as a stock or index. The term, used by technical analysts to analyze the price of securities, refers to a short-term change in a stock's price relative to an overarching trend. Once a retracement is over, there should be a continuation of the previous trend. Retracements are not the same as reversals—with the latter, the price of the security must breach support or resistance levels. Understanding a Retracement   A retracement refers to the temporary reversal of an overarching trend in a stock's price. Distinct from a reversal, retracements are short-term periods of movement against a trend, follow...

  Beta and Passive Risk Management Another risk measure oriented to behavioral tendencies is a drawdown, which refers to any period during which an asset's return is negative relative to a previous high mark. In measuring drawdown, we attempt to address three things:   The magnitude of each negative period (how bad) The duration of each (how long) The frequency (how often) For example, in addition to wanting to know whether a mutual fund beat the S&P 500, we also want to know how comparatively risky it was. One measure for this is beta (known as "market risk"), based on the statistical property of covariance. A beta greater than 1 indicates more risk than the market and vice versa.   Beta helps us to understand the concepts of passive and active risk. The graph below shows a time series of returns (each data point labeled "+") for a particular portfolio R(p) versus the market return R(m). The returns are cash-adjusted, so the point at which t...

  Self-control   Self-control, an aspect of inhibitory control, is the ability to regulate one's emotions, thoughts, and behavior in the face of temptations and impulses.[1][2] As an executive function, it is a cognitive process that is necessary for regulating one's behavior in order to achieve specific goals.[2][3]   A related concept in psychology is emotional self-regulation.[4] Self-control is thought to be like a muscle. According to studies, self-regulation, whether emotional or behavioral, was proven to be a limited resource which functions like energy.[5] In the short term, overuse of self-control will lead to depletion.[6] However, in the long term, the use of self-control can strengthen and improve over time.[2][6] gold trading strategy   Self-control is also a key concept in the general theory of crime, a major theory in criminology. The theory was developed by Michael Gottfredson and Travis Hirschi in their book titled A General Theory of C...

  Why I Go To Investment Conferen I’m off to a conference this week for the International Federation of Technical Analysts (IFTA).  Why am I going?  What do I hope to get out it?  When you go to investment gatherings, what are your expectations?   I’ve garnered essential benefits from a wide variety of seminars and conferences, and those benefits serve as an informal “goals list” for this week’s IFTA event. 1.       I’m less interested in the speakers’ prognostications and future outlooks, and more interested in their systematic methods of analysis.  If they offer up one without the other, I am not shy in challenging them for specifics. 2.      I have a rule that I don’t read investment books unless they come recommended to me by at least two people I respect.  There are just too many bad and misleading how-to books out there.  I’m a little like that with new resources as well, such as advanc...

  Wall Street's Complexity versus Investors' Profits & Simplicity   “Any darn fool can make something complex; it takes a genius to make something simple.”   -- Pete Seeger As a long-time trader, I am living breathing proof that simplicity and profits are positively correlated while complexity and profits are inversely correlated.   In other words, as my 25 year investing career has jettisoned multiple methodologies and numerous indicators, my profits have became more regular and predictable while my losing ratio has diminished.   This is the absolute antithesis of what Wall Street wants you to believe.     Wall Street lives and breathes on complexity.   They pitch derivatives of every variety and alternative funds for specific self-serving reasons.   1.     They want to convince investors that it’s far too complicated for them to manage their own money – therefore, the wisest decision is for investors to just g...