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Behavioral Trading: Methods for Measuring Investor Confidence and Expectations and Market Trends download epub

by Woody Dorsey


Epub Book: 1472 kb. | Fb2 Book: 1864 kb.

Have you ever wondered to what extent investor confidence and expectations impact stock market prices? .

Have you ever wondered to what extent investor confidence and expectations impact stock market prices? In Behavioral Trading. His innovations in Market Sentiment Interpretation, Trend Duration Analysis, Trend Duration Analysis, and Transient Investment Themes are part of a nwe system called Triunity Theory. This behavioral approach led him to identify major conceptual extrmes, such as "Fantasia," the deflationary climax in October 1998 and "E Greed," the dotcom extreme in early 2000.

Behavioral Trading book. Goodreads helps you keep track of books you want to read

Behavioral Trading book. Goodreads helps you keep track of books you want to read. Start by marking Behavioral Trading: Methods for Measuring Investor Confidence and Expectations and Market Trends as Want to Read: Want to Read savin. ant to Read.

In Behavioral Trading, stock market contrarian, Woody Dorsey, gives readers for the first time insight into his .

In Behavioral Trading, stock market contrarian, Woody Dorsey, gives readers for the first time insight into his highly profitable proprietary market d. Have you ever wondered to what extent investor confidence and expectations impact stock market prices? In Behavioral Trading, stock market contrarian, Woody Dorsey, gives readers for the first time insight into his highly profitable proprietary market diagnosis techniques. These are often described as market expectations theory, behavioral finance and most commonly contrary opinion analysis.

Woody Dorsey - Behavioral Trading. In an illuminating and amusing fashion, this book offers an original and disciplined perspective that delivers precise forecasts of the market. from the publisher: Alan Greenspan, Chairman of the Federal Reserve Board, says about confidence, "History tells us that sharp reversals in confidence happen abruptly, most often with little advance notice. this type of behavior has characterized human interaction with little appreciable difference over the generations. the price pattern remains the same.

The idea that people behave rationally when they invest is irrational Psychological and behavioral factors matter greatly in the market, which has its own mind (emotions), mood (concepts) and body (prices).

The book talks lots about the fallacies of the the random walk and efficient market hypothesis which I never believed before in the first place. I thought that was beating a dead horse. The book also mentions the mind of the market and how to measure the mood of the market using a quantitative model but overall just a so-so book.

book by Woody Dorsey. Have you ever wondered to what extent investor confidence and expectations impact stock market prices?

book by Woody Dorsey.

Mr. Dorsey’s analysis of market behavior never has been constrained by typical Wall Street methods.

Dorsey is the author of Behavioral Trading: Methods for Measuring Investor Confidence, Expectations and Market Trends (Texere Press). Mr.

Have you ever wondered to what extent investor confidence and expectations impact stock market prices? In Behavioral Trading, stock market contrarian, Woody Dorsey, gives readers for the first time insight into his highly profitable proprietary market diagnosis techniques. These are often described as market expectations theory, behavioral finance and most commonly contrary opinion analysis. Dorsey's work is followed by major investors and the financial media seeks his macroeconomic perspective that is more than six months ahead of the crowd. For the first time, Woody Dorsey shows how his technique makes behavioral economics practical, accessible and understandable. He has developed his unique insights from his research of financial market probabilities during the past twenty years. Market Semiotics, both the name of Dorsey's company and his technique, is a research philosophy based on the logic of behavioral finance. In an illuminating and amusing fashion, this book offers an original and disciplined perspective that delivers precise forecasts of the market.

Comments: (7)

Marige
I've been following Dorsey's ongoing work since 2003 when this book was released. It is essential to traders and investors alike, in order to capture the profits available from Market events. Also Dorsey avoids the risks inherent in events when faced with a beligerent Market. Dorsey's Book is the best work on Market Phenomenology since Reminiscences of a Stock Operator.

11/10
Cetnan
I first read Woody's book some 8 years ago and was amazed at how he made me look at the markets differently. He is an amazing market timer and his this book reveals a lot of unique ways to look at the market. Sentiment Timing, his newsletter, I get to see him put his knowledge to work each week, with sentiment readings, market timing dates and just an overall view of the stock market like nobody else sees. The book is awesome as is his newsletter.
JoldGold
This book gives you an inside view of one company's philosophy on using market psychology to make money in the market. Dorsey examines various approaches people use toward this end, before describing his own.
He begins by showing us how the market is not rational. Never has been, never will be. I personally experienced this during the dotcom stock bubble. I had shares of stocks that, per rational theory, should have done remarkably well. I did not own shares of Yahoo--which, per rational theory, was a total dog. My stocks stayed flat, while Yahoo soared. So much for rational theory. If you get nothing else from this book, the explanation of that lesson alone makes it worth reading.
Next, Dorsey delves into the three general concepts of psychological trading. All of these seem good on the surface, but results are inconsistent. Maritimers long ago learned how to navigate by triangulation. Dorsey navigates the stock market the same way, with his "triunity" approach. He shows how looking at the intersections of the three general concepts produces consistent results.
You may have read books espousing some "can't miss" philosophy or another. Don't worry--Dorsey lets the reader know his triunity approach still requires judgment. For example, if the indicators are in a certain area, that would be an indication that the market is about to hit a peak.
Dorsey explains that his method might miss the peak. And, it might miss a trough. But if you are not greedy, his method would appear to be a useful tool for profitable investing. Remember, pigs eat well but hogs get slaughtered.
Xar
Long time market commentator Woody Dorsey, the theorist behind market semiotics, sees Wall Street as a continuum of the agora or the medieval street fair: a place where people congregate and trade, motivated by their own psychological drives. But if investors are still behaving based on the same visceral emotions that drove exchanges of goats in ancient bazaars, what does that forecast about how the market will act today? According to Dorsey, quite a lot. Interspersed with anecdotes that range from biography to paleontology to horse training, he offers principles and techniques that explain marketplace behavior in a way investors can understand and utilize. Begin with how he scans newspapers, a methodology worth remembering, and continue through his explanation of the Triunity Theory, a new system for understanding behavioral finance. Agree or disagree with his contrarian thinking, we believe his interesting diversions and innovative economic thinking will sweep you along. Dorsey brings many subjects together, but the two most interesting are, of course, why people behave as they do and how it affects the market and your money.
Ochach
I don't think there were a tremendous amount of ideas that were new in this book but I do like the author's view of the mind, body and mood of the market. I also thought that it was encouraging reading about the author's respect of technical analysis. Sound, solid info but should be taken with a grain of salt that this alone isn't the trick to great returns. I think his views of taking the opposite view of the media can be harmful to your wallet. Following the trend means go with the markets and the media is so unoriginal that it ALWAYS goes with the market. So if you going with the market just be sure you keep focused on looking for the exit ramp. In summary, a pretty interesting book that is very solid in it's advice.
Xwnaydan
Top Mutual & Hedge Funds pay Woody's firm Market Semionics thousands for his analysis of the market. This book gives an insider's view of that anaylsis.
The firt half of the book makes the case to refute the random walk and efficient market hypothesis. The second half gives insight into understanding the mood, body & mind of the market.
Triunity Theory
For me the most insightful thing in the book was the discussion on not viewing sentiment in a vaccum. My experience in the markets has often been that high or low sentiment can not be taken without looking at the fundamentals.
I found the discussion on Trend Duration also very insightful. Woody Dorsey is an original and an indipendent thinker.
I also respect that he has applied his theories and anlysis to statistical testing and has started a hedge fund to manage money based on his theories of behavioral study.
Be suspicious of any "market guru" who just writes books, offers no statistical backing of their market edge and doesn't manage money.
Woody has made some great market calls and this book is very insightful.
Behavioral Trading: Methods for Measuring Investor Confidence and Expectations and Market Trends download epub
Job Hunting & Careers
Author: Woody Dorsey
ISBN: 1587991640
Category: Business & Money
Subcategory: Job Hunting & Careers
Language: English
Publisher: Texere; 001 edition (October 22, 2003)
Pages: 272 pages