I think it’s because they know they are making the wrong call. I always ask “What is the best strategy for my portfolio?” and always look at all the different options. You can spend years in the investment banking industry and see many portfolios of many different companies and see different strategies come up over and over again; most of the time a trader will use the trading strategy that best fits their portfolio so it ends up not being a technical analysis. A lot of times it just comes down to being in the right place at the right time. You use what you know to gain success in the market.
How’s this new field going?
It’s easy to get caught up in all the drama and politics of the world’s most widely read newspaper, but what are the real effects of the online edition’s “Bin Laden is Dead” headline?
The article that “Bin Laden is Dead,” that appeared on the front page of Sunday’s New York Times, was just that: a headline.
What’s really going on here?
The answer to that question is an old-fashioned experiment in science, involving three rats, two of which were trained to press a lever during a pressurization experiment. Each rat was trained to press a lever to indicate whether the other rat would press it as well.
The second, larger rat also was trained to press a lever, but under a different condition: one where, by chance, the other rat’s pressurization lever was placed in an inaccessible location. This “blind lever” condition allowed the rats to act as if they believed the other rat had pressed a lever.
The first and second rats in the experiment received the same pressurization treatment as the first and second rats in the “blind lever” experiment, but only the second rat received the “dead button”: if the other rat’s pressurization lever was in an inaccessible location, he would press the pressurization lever.
For example, if the first rat’s pressurization lever was in a cabinet of some kind, that would indicate to the second rat that the first rat had pressed the lever, as if it were a dead lever. (The second rat, by contrast, had to press the dead button.) The pressurization treatment, applied to both rats simultaneously, produced a dramatic effect.
The first rat in the experiment would press the “dead lever” under the blind lever condition, and the second (third rat) would press the
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