In trading, some ideas sound almost too simple to be true. One of them is the momentum effect: assets that are going up tend to keep going up, and those going down often keep sliding. This effect has been studied for decades, and it’s powerful enough to inspire both academic papers and real-world trading strategies. […]
There are books you read and forget, and there are books that permanently change how you see the world. The Psychology of Money by Morgan Housel belongs to the second category for me. It has profoundly shaped my view of trading, investing, and even life itself. That’s why I felt I had to bring […]