Discussion in 'Psychology' started by jacksmith, Mar 3, 2009.
Are there any good tools / indicators to measure fear and greedy ?
For the latter, the frequency of your posts, I should think.
The mind-reading computer has not yet been invented.
There is no way around it, if you want to learn this game, strap yourself in for 2 years and watch everyday and learn to pick up on patterns and correlations. Keep a notebook and write down observations and then cross reference things as time passes to find consistencies.
It will take a BUTT LOAD of time and work and even then there is no guarentee you'll "get it"
IOW, yes there are, but those who discuss it ususally don't know what they are.
Yes, there are, but there's a whole lot of causality issues with them...
Yes, the tool is your mind.
The indicator is your mental response to stock market data.
I recall judging my mood on a scale of 1 to ten and plotting the values on a graph. I remember my mood curve resembled the Dow Jones Industrial Average curve.
looks like nobody here that posted before me is smart enough to tell you about the VIX :eek:
but this is "elite-trader" so I'm not surprised
Price and Volume.
Separate names with a comma.