37. Trading Psychology: Think as a Group, Lose Your Money

[dalv11]

um...so to speak. and yes..um...so to speak. So this is it so to speak...:)

[saweaq1]

great video. I learn a lot...thanks again

[sunkith]

I don't get it. Why couldn't one profit 10% a MONTH consistently? I saw some guys grew from 10,000$ to 10 million$ in five years without leverage. It is reasonable if you are really good.

[showem88]

Great video! I really respect and like what you are doing! Keep the videos coming!

[thesexyfinancialshow]

check out gafnn site for traders created by a playboy model from women of wall street ,she's always on it chatting if you need advice!really cool site google gafnn

[spliffizzle]

who is this guy? background? proof?

[FreeFOREXautoROBOT]

Great video.Thanks.

I got Free EA...87% real wins

[redjack26]

Very nice vids.Tnx

[ThuyBrumbelowip]

hmzhat jemand lust zu schreibn oder pic tausch mir ist soo langweilig

[jayangli]

what a twit

[muaytb1]

thats not a good study; the subject has no incentive to go against the crowd so he almost always go with the group. when he doesn't, all the actor subjects look at him strangely and imposes a social cost.

they should redo that study with monetary incentives for getting it right like in trading

[mrhazel]

a funny t-shirt comes to mind...be afraid of stupid people in large groups

[luckyvet]

Common sense.

I do exactly the opposite of most groups and was a millionaire before 30.

Crowd think = idiocy.

[MrLeviaFUN]

EXCELLENT STUFF !!! Down-to-earth, easy to understand. I'm a novice Forex trader and your info helped me a ton!!!

Thank you !

[Johnatany]

Brilliant Good Stuff thank you

[golfcoachhc]

Great Videos, man. Learnt a lot from your videos.

[VerdoSeniorSCA]

i remember my professor explaining kenyes who said: if i trade on financial market i must sleep well, so, even if i lost my money, i'm quiet because everyone did the same, because we didn't had informations to anticipate that

[VerdoSeniorSCA]

i think keynes told something like this, describing the central role of expectations in financial markets

[fascinated143]

I have been watching several of your videos and I find each one of them informative and very well planned. From my side, You are too good for the words to express gratitude. Just want to say God Bless You Dave. Keep up the good work! Thanks a lot!

[DaveyLynch]

reminds me of the song "Tumbling Man" by Davey Lynch. Very appropriate for failed traders...

[SiPsicologia]

Excellent, someone like you with that kind of knowledge, should teach I/O Psychology

[joshuademoraes]

suppose you have an incredible trading method that makes you profit in 95 % of time...would you tell for others?would you sell it? wuold you write a book about?

[SiPsicologia]

Everything in the world has its own price, including YOU

[joshuademoraes]

this is the magic in stock market, but getting back to the "incredible trading method" that profits in 95 % of time...would you tell it or sell it for someone else? I woudn´t... : b

[sorw]

Great video ! Thanks for sharing

[InformedTrades]

Hey Sorw,

 You're welcome :)

[porkpie7]

I think we should refer to Dave as the Messiah of trading info.

Thank you for all your help. I wish more people were like you.

The very best to you.

[VioletMink]

WOW! Fabulous Information.

THANKS!!

[chasleo]

Wow - I never knew Dr. Elder was also a trader... I've seen that study before and thought it was a brilliant example of 'sheepish' mentality.

[flavinho00]

hey dave i was wondering, what school or software would you suggest for me to learn to read the market graphs better. i know the basics and i would like to expand my knowledge.

thanks.

[InformedTrades]

hi flavinho00, Check out the free course section of InformedTrades there are a bunch of videos there as well as links to a lot of other 3rd party resources to help you. Most of the stuff that is taught in courses is out there on the internet for free so what I am trying to do with the site is bring it all together in one place so people don't have to dig through millions of websites;-) If you go through that stuff and still have questions feel free to post them in the forum. Best Regards, Dave

[cashflp2]

thanks dave you've been a lot of help.

[InformedTrades]

thanks for the comment cashflp2.  Best Regards, Dave

[funpo2005]

Great point.

Great Video.

[InformedTrades]

Hi Funpo2005, Thanks for the comment am glad you enjoyed it. Best regards, Dave

[cableforex]

Brilliant!! Finally somebody acknowledges the importance of this significant subject. Look forward to more on this matter.

[InformedTrades]

yeh its really surprising how much this basic concept is ignored by most mainstream trading education. I guess thats cause most educators, signal providers etc don't want traders to think for themselves because then they won't want to pay the trading educator to think for them;-)

[AirelonTrading]

Fantastic quote regarding "looking for a leader" when acting as a crowd, and regarding the Asch tests.

It's amazing how many traders insist on that 'looking for a leader' in a market in which they never applied the proper research, or proper trading plan.

[InformedTrades]

yep a lot of traders don't realize that there is a huge industry of "market guru's" which is very profitable simply because of people's desire to follow not because the "market guru's" are actually successful. I am hoping that people will understand from my videos that if they want to be successful that its ok to learn from other people but ultimately they must make and rely on their own decisions.

[mujeebyzai]

THanks a lot for sharing. 5 stars as usual.