Revenge Trading
Getting even just doesn’t work. You’ve just opened your position and – wham – the market drops. As though it knew you had bought and was having a laugh at your expense. It feels personal. And now you don’t just want to make money. You want your money back. Revenge trading, I called it in […]
The Robots & the Tide
Can a Chatbot Pick Stocks? Ask five chatbots which stocks to buy and you’ll get five answers. All of them the same. A line-up of the usual suspects. I’ve done it. I’m sure you have done it too. But – the research! I’m sure you have seen all the adverts. They claim to be backed […]
Midterms & Markets
Midterms & Markets. The midterms are coming up – what is likely to happen to the market? I’ve been promising to do this blog for a few weeks – and avoiding it because I knew it would involve a lot of research. But it is important, so here goes. Let’s start by looking at all […]
AskITM
AskITM, Calculators and Backtesting. I’ve spent the last week doing something I should have done ages ago: building tools to make your life easier. They’re here. now. I think they are great (but then I am biased). They are still in beta, so if you find any bugs please let me know. Let’s meet them: […]
Gamification
Brokers Win. Traders Lose. Your broker doesn’t make money when you make money. It makes money when you trade. The more often you open the app, check the flashing prices, chase the stocks on the “most popular” list and place another trade, the more money it makes. Is it any wonder that some modern trading […]
The Experience Trap
Does Experience Cure Bad Habits? The ITM Plan is built on a simple reality: markets are made up of people, not companies. And while companies change, human behaviour repeats in remarkably predictable patterns. Ever lost your car keys? Even when we know an impulse didn’t work out last time, we tend to do the exact […]