{"product_id":"v16-c08-059term-pdf","title":"V.16:8 (359-366): Building studies based on psychological matrices by Walter T. Downs","description":"Heres how the psychological terms that technicians\nemploy to describe the markets are transformed into\ntechnical tools.\u003cbr\u003e\u003cbr\u003eIt is possible to transform psychology\nfrom a subjective interpretation\ninto an objective tool. By creating\na psychological matrix, we\ncan define emotion so that you never\nthink of fear and greed in quite the\nsame way again. Accurate\nconceptualization and logical construction of the matrix\nallows a trader to develop a market edge. In addition,\nbecause the trader has a good understanding of each\nphase of the market as it unfolds, he or she is able to\napproach trading from a more reasoned perspective.\nA market edge must be based on the accurate\nunderstanding of the difference between statistics\nand knowledge. Statistics represent numerical data\nassembled and classified so as to present significant\ninformation, while knowledge, for the purposes of\nthe psychological matrix builder, is defined as the\nownership of valuable information and the ability to\ncorrectly analyze and use it.\nIn this respect, statistics will serve as our mile-stones,\nand the observation of psychological traits of\nhumans, combined with statistical measurement, will\nprovide the knowledge we need to build a road map\nof the markets. By observing how people react to\nmarket stimuli, a trader gains knowledge to lead and\ndefine statistical action. Of key importance is that this\nis the difference between describing what has occurred\non the left side of the chart and accurately\nassessing what may happen on the right.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133903401329,"sku":"\\V16\\C08\\059TERM.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_0f3f7485-b2c3-4a44-8f2b-c25005a9004c.jpg?v=1739656200","url":"https:\/\/shop.traders.com\/products\/v16-c08-059term-pdf","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}