Are you an independent, resourceful person who enjoys problem-solving? If so, you may be an ISTP – Introverted Sensing Thinking Perceiving individual. This personality type is often known for its practicality and efficiency in tackling difficult problems or tasks. I’ve put together a list of 35 signs you are an ISTP to help you determine […]
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Carl Jung’s theory of introverts, extroverts, and ambiverts is a cornerstone of modern psychology. Introverts, according to Jung, are distinguished by their inward focus, whereas extroverts are distinguished by their outgoing and energetic nature. Conversely, ambiverts are somewhere in the middle, possessing traits of both introverts and extroverts. While these terms are frequently used in
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Here are the sixteen laws of psychological power that can help create an edge over your competition and increase your odds of success in life inspired by Robert Greene’s book The 48 Laws of Power.[1] 1. Stand out from the competition The first thing you must overcome to win is being unknown and blending in
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The theory of multiple intelligences proposes the differentiation of human intelligence into specific modalities of intelligence, rather than defining intelligence as a single, general ability. The theory has been criticized by mainstream psychology for its lack of empirical evidence, and its dependence on subjective judgement. [1] How many types of intelligence are there? There have
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The original theory of alpha males came from the study of captive animals and used most popularly to describe wolf packs and chimpanzee hierarchy. [1] After these animal studies people began to to see how the alpha male principles could be applied to human males personality traits. People could see many of the same power
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The 16 Habits of Mind are a framework for how to think and behave intelligently when problems are encountered and challenges are faced in life for learning and growing. These habits were discovered by the research of authors Costa and Kallick and primarily studied in educational environments. These habits were quantified by drawing on their
Excessive thinking happens to people as their mind is constantly trying to identify and solve problems. Overthinking can also be due to high levels of anxiety causing worry by imagining terrible future scenarios playing out. The inability to concentrate on the current moment but instead becoming lost in memories of the past or in your
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Fear is a defensive emotion meant to protect you from mental, monetary, or physical harm caused by the belief that a person, thing, situation, or place is dangerous or a threat. Fear is a warning sent to your nervous system to trigger your fight or flight response as a reaction to the threat. Your body
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Self-confidence is the feeling of faith and trust in your own abilities, skills, experience, and judgment. It’s the belief that you’re good enough to accomplish the task before you. It’s believing in yourself. People can have different levels of self-confidence in different areas of their life. You may have complete self-confidence at work but have
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Self-discipline is the ability to control your actions through inner will power regardless of your emotions and impulses. It’s the skill to overcome the temptation to violate your inner principles. Self-discipline enables you to pursue your goals, follow your own ethics, and be the person you want to be. Someone guided by self-discipline uses their
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While traders can’t stop feeling emotions because they are human, they can remove acting on their emotions in their trading. Feeling emotions and letting them influence your entries, exits, and position sizing are two different things. How do traders remove emotions? Many new traders will find the most difficult thing about trading is not the
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Here are 50 of the best psychology books every published based on the book 50 Psychology Classics Second Edition: Your shortcut to the most important ideas on the mind, personality, and human nature. by Tom Butler-Bowdon. 1 Alfred Adler Understanding Human Nature (1927) 2 Gordon Allport The Nature of Prejudice (1954) 3 Albert Bandura Self-Efficacy:
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Think and Grow Rich is one of the best selling psychology of wealth books of all time. It contains some of the best principles for creating the right mindset for wealth of any book ever written and was the book that practically began the self-help movement. While getting rich by building a business or growing
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Wall Street goes through cycles based on the primary human emotions of greed and fear. There is a wide spectrum and phases of emotional behavior inside these two main drivers of investor behavior. The below Wall Street cheat sheet shows the impulses that drive each phase of a market cycle. The best solution to managing
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To be a profitable trader you need three things: A trading system with an edge. Proper position sizing per trade. The right trading mindset. If you don’t have the right mindset for trading then the other two will not work. Here is a trader cheat sheet of the principles you must understand to create the
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A risk management process for a trading system is not just math but also includes human psychology. The psychology of execution is just as important to profitability as the trading dynamics of the entries and exits of a trading method. Humans have fear, greed, and egos and these elements can interfere with the process of
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Trading is about mastering three different areas: A trading system with an edge. Using the right position sizing and risk management parameters for the system. Having the right discipline and mindset to execute a trading system consistently over the long term. Developing the right trading psychology is about how you think about trading execution and
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Mental accounting is also called psychological accounting as it tries to describe how people categorize and label financial income and outgo of money. This behavioral economic theory was first proposed by Richard Thaler. Mental accounting quantifies the emotional and mental connections made with money specifically directed to a budget and specific savings like investing, trading,
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The fear and greed index was created by CNNMoney as an indicator to quantify the degree of emotions that investors are feeling about buying stocks in the current moment. This index tries to give a measurement of the market sentiment on a scale of fear and greed. Fear generally takes place during downtrends and market
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An equity curve is a visual representation of the trend and variation in the value of an investment or trading account shown on a chart over a specified period of time. An equity curve that has an over all uptrend and is near all time highs usually shows that the investing or trading strategy used is profitable
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