The Art of Contrarian Trading: How to Profit From Crowd Behavior in the Financial Markets by Carl Futia

Author:Carl Futia
Language: eng
Format: azw3, epub, mobi
Tags: Self-Help.Business & Career
ISBN: 9780470325070
Publisher: John Wiley and Sons
Published: 2009-07-07T15:28:35+00:00

USING YOUR MEDIA DIARY TO TRACK INVESTMENT THEMES

If you faithfully maintain your media diary, it will be a treasure trove of information about the latest popular investment themes. I suggest you try to use the categories I have discussed in this chapter to organize the themes you find in your diary. One way to do this would be write in next to each diary entry the name of the category or the specific theme you think that particular piece of media content reinforces. You may also want to keep a separate index of themes. In such an index you would keep a separate page for each theme you have identified and are following. On this page write in chronological order the date and a very brief description of every diary entry that reinforces the theme. The advantage of this approach is that it will reveal at a glance just how much attention each theme is getting from the media, and this will help you to judge the size and importance of the associated investment crowd. You will also find this information helpful in determining the intensity of the crowd’s beliefs, and this sort of information is very helpful in determining just where the crowd is in its life cycle.

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