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- 2006
Understanding a bit of human psychology often helps in volatile situations. E.g. the moment the Greek PM decided to put the bailout to a referendum (don't know what he was thinking) stocks were sold like hotcakes (i.e. humans panicking like its the end of the world). But if you bought against that panic (knowing that world leaders would place enormous pressure on the Greek PM to back off from his decision) you probably would have profited quite nicely. This is known as a contrarian strategy i.e. don't just follow the crowd and take advantage of mass irrational panic attacks
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