Enhancing Trader Performance: Pattern-Seeking Addiction

via SMB Capital – Day Trading Blog:

*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note

We stock traders are notorious pattern seekers, “finding” everything from head and shoulders to triangles to cups with handles in price charts. We come by it honestly as we are born with a pattern-seeking instinct to help us make sense of the world around us. If we do so outside the charts is it not expected that we will do so inside? There is nothing inherently wrong with pattern seeking, as it is at the heart of much technical analysis, whether Read more [...]

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SMB Capital – Day Trading Blog

Enhancing Trader Performance: Pattern-Seeking Addiction

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Trading, pattern recognition, pattern-seeking, patterns, technical analysis, trading