Tag: self-efficacy

Conscientiousness and Trading

One of the five factors the Market Awareness Profile (MAP) measures is conscientiousness– the way in which we control, regulate, and direct our impulses. Impulses are not inherently bad; occasionally time constraints require a snap decision, and acting on an initial impulse can be an effective response. Nonetheless, acting on impulse can lead to trouble

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Self-Efficacy

For some, market participation is all about money, for others it is a lifestyle and for a few participants they see it as a challenge. Why do you participate? Are you “successful” in your endeavor? Would you consider a career as a financial advisor? What about starting a hedge fund? What would part II of

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