Markets in Profile: Profiting from the Auction Process introduces a unified theory that explains the market’s auction process in relation to the human decision-making process, and the way market behavior affects human behavior. The bottom line? You are equipped to manage risk, which puts you miles ahead of the pack.
Markets in Profile explores the confluence of three disparate philosophical frameworks: the Market Profile, behavioral finance, and neuroeconomics in order to present a unified theory of how markets work. The Market Profile is an ever-evolving, multidimensional graphic that gives visual form to the market’s continuing auction process, revealing the myriad underlying dynamics that influence market activity.
Behavioral finance posits that investors are driven more by emotional factors and the subjective interpretation of minutia than by “rationality” when making investment decisions. And neuroeconomics is the study of how investor psychology permeates and affects the financial markets. Mr. Dalton explicates the ways in which irrational human behavior influences the market’s natural auction process, creating frequently predictable market structure, which results in opportunities for investors to ameliorate risk. The book will improve investors ability to interpret change in markets, enabling better, more confident investment decisions.
Contents:
- The Only Constant
- Information
- Timeframes
- Auctions and Indicators
- Long-Term Auctions
- Intermediate-Term Auctions
- Short-Term Trading
- Day Trading Is for Everyone
- Profiting from Market-Generated Information
