How Does Impulsivity Affect Your Trading Results? by Claudio Demb
Just knowing if you are trading based on impulse can, at the very least, make a difference in your approach to trading. And that can make a difference in your bottom line.
What is impulsive trading and what does it look like? Lets begin with defining impulsivity. As the word implies, it is something we do fast without much forethought, mostly with a negative outcome where regret reigns supreme. We all know this, but why is it that knowing it is not enough to stop this behavior from happening in ourselves?