num_pages: 294
description: In Financial Risk Taking, trader and psychologist Mike Elvin explores the complex relationship between human behaviour patterns and the markets, offering the reader a context in which to assess their own strengths and weaknesses as investors. The book offers an apposite and uncomplicated system of skills development in the form of competences and competencies that can be applied anywhere along the continuum from casual investor to full-time day trader. Elvin presents a Comprehensive Model of Trading Competence (the MOT) as well as the concepts of analysis and refutation, the paramouncy principle, and self-sabotaging behaviours such as the Santa Claus syndrome and Bohica effect. Areas covered    
language: English
title: Financial Risk Taking: An Introduction to the Psychology of Trading and Behavioural Finance
titlecomplete: Financial Risk Taking: An Introduction to the Psychology of Trading and Behavioural Finance
genres: Psychology, Business, Finance
ratings_count: 9
publisher: Wiley