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Child’s Play

In: STOCKS and FOREX TRADING HOW TO WIN

Author

Listed:
  • KAREN WONG
  • DARYL GUPPY

Abstract

In 2009, Northwest Airlines Flight 188 overshot their destination by more than 240 km due to pilot distraction. Both pilot and co-pilot were busy on their laptops. Distractions keep us from focusing on the task in front of us, whether we are flying or trading. I also plead guilty to this. Hunting for food in the cupboard or opening an extra browser tab for yet another interesting website is a distracting displacement activity distracting us from real work. It won’t lead to a potential airline disaster, but it certainly won’t help us find the next trade…

Suggested Citation

  • Karen Wong & Daryl Guppy, 2021. "Child’s Play," World Scientific Book Chapters, in: STOCKS and FOREX TRADING HOW TO WIN, chapter 5, pages 39-44, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811236877_0005
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    More about this item

    Keywords

    Trading; Stock Trading; FX trading; Currency Trading; Forex; CFD; Security Trading; Trading Games; Daryl Guppy;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G1 - Financial Economics - - General Financial Markets

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