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How Neuroeconomics can Improve your Trading
For traders, motivations and incentives are driven by emotions, from fear and greed to excitement and joy. Acting impulsively can be disruptive to long-term investment strategies. Avoiding short-term anxiety while investing or trading comes at a very real long-term cost. So, how can traders harness control and use their emotional reactions to the market as a positive contributor to increase returns, rather than allowing feelings to impact performance? To talk about that, Patrick Munnelly invited Dr. Andrew Menaker, a licensed clinical psychologist and performance coach working with high achievers. He’s also an ... (full story)