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  • 📋ChartSchool
  • Table of Contents
    • Overview
      • Why Analyze Securities?
      • Technical Analysis
      • Fundamental Analysis
      • Random Walk vs. Non-Random Walk
      • Asset Allocation and Diversification
      • John Murphy's 10 Laws of Technical Trading
      • John Murphy's "Charting Made Easy" eBook
      • Technical Analysis 101
        • TA 101 – Part 1
        • TA 101 – Part 2
        • TA 101 – Part 3
        • TA 101 – Part 4
        • TA 101 – Part 5
        • TA 101 – Part 6
        • TA 101 – Part 7
        • TA 101 – Part 8
        • TA 101 – Part 9
        • TA 101 – Part 10
        • TA 101 – Part 11
        • TA 101 – Part 12
        • TA 101 – Part 13
        • TA 101 – Part 14
        • TA 101 – Part 15
        • TA 101 – Part 16
        • TA 101 – Part 17
      • Irrational Exuberance
      • Cognitive Biases
      • Arthur Hill on Goals, Style and Strategy
      • Arthur Hill on Moving Average Crossovers
      • Multicollinearity
      • "The Trader's Journal" by Gatis Roze
        • Stage 1: Money Management
        • Stage 2: Business of Investing
        • Stage 3: The Investor Self
        • Stage 4: Market Analysis
        • Stage 5: Routines
        • Stage 6: Stalking Your Trade
        • Stage 7: Buying
        • Stage 8: Monitoring Your Investments
        • Stage 9: Selling
        • Stage 10: Re-Examine, Refine, Re-Enhance
        • Additional Reading
      • Bob Farrell's 10 Rules
      • Richard Rhodes' Trading Rules
      • Donchian Trading Guidelines
      • Why and How To Use Correlation
    • Chart Analysis
      • What Are Charts?
      • Support & Resistance
      • Trend Lines
      • Gaps and Gap Analysis
      • Introduction to Chart Patterns
      • Chart Patterns
        • Broadening Top or Megaphone Top
        • Double Top Reversal
        • Double Bottom Reversal
        • Head and Shoulders Top
        • Head and Shoulders Bottom
        • Falling Wedge
        • Rising Wedge
        • Rounding Bottom
        • Triple Top Reversal
        • Triple Bottom Reversal
        • Bump and Run Reversal
        • Flag, Pennant
        • Symmetrical Triangle
        • Ascending Triangle
        • Descending Triangle
        • Rectangle
        • Price Channel
        • Measured Move—Bullish
        • Measured Move—Bearish
        • Cup With Handle
      • Chart Types
        • Arms CandleVolume
        • CandleVolume
        • Elder Impulse System
        • EquiVolume
        • Heikin-Ashi Candlesticks
        • Kagi Charts
        • Renko Charts
        • Three Line Break Charts
        • MarketCarpets
        • Relative Rotation Graphs (RRG Charts)
        • Seasonality Charts
        • Yield Curve
      • Candlestick Charts
        • Introduction to Candlesticks
        • Candlesticks and Traditional Chart Analysis
        • Candlesticks and Support
        • Candlesticks and Resistance
        • Candlestick Bullish Reversal Patterns
        • Candlestick Bearish Reversal Patterns
        • Candlestick Pattern Dictionary
      • Point and Figure Charts
        • Point and Figure Basics
          • Introduction to Point & Figure Charts
          • Point & Figure Scaling and Timeframes
          • P&F Trend Lines
        • Classic Patterns
          • P&F Bullish Breakouts
          • P&F Bearish Breakdowns
          • P&F Signal Reversed
          • P&F Catapults
          • P&F Triangles
          • P&F Bull & Bear Traps
        • P&F Price Objectives
          • P&F Price Objectives: Breakout and Reversal Method
          • P&F Price Objectives: Horizontal Counts
          • P&F Price Objectives: Vertical Counts
        • Point & Figure Indicators
        • P&F Scans and Alerts
          • P&F Pattern Alerts
      • Chart Annotation Tools
        • Andrews' Pitchfork
        • Stock Market Cycles
        • Fibonacci Retracements
        • Fibonacci Arcs
        • Fibonacci Fans
        • Fibonacci Time Zones
        • Quadrant Lines
        • Raff Regression Channel
        • Speed Resistance Lines
    • Technical Indicators & Overlays
      • Introduction to Technical Indicators and Oscillators
      • Technical Indicators
        • Accumulation/Distribution Line
        • Alligator Indicator
        • Aroon
        • Aroon Oscillator
        • ATR Bands
        • ATR Trailing Stops
        • Average Directional Index (ADX)
        • Average True Range (ATR) and Average True Range Percent (ATRP)
        • Balance of Power (BOP)
        • Bollinger BandWidth
        • %B Indicator
        • Chaikin Money Flow (CMF)
        • Chaikin Oscillator
        • Chande Trend Meter (CTM)
        • CMB Composite Index
        • Commodity Channel Index (CCI)
        • ConnorsRSI
        • Coppock Curve
        • Correlation Coefficient
        • DecisionPoint Price Momentum Oscillator (PMO)
        • Detrended Price Oscillator (DPO)
        • Distance From Highs
        • Distance From Lows
        • Distance To Highs
        • Distance To Lows
        • Distance From Moving Average
        • Ease of Movement (EMV)
        • Force Index
        • Gopalakrishnan Range Index
        • High Low Bands
        • High Minus Low
        • Highest High Value
        • Linear Regression R2
        • Lowest Low Value
        • Mass Index
        • MACD (Moving Average Convergence/Divergence) Oscillator
        • MACD-Histogram
        • MACD-V
        • MACD-V Histogram
        • Median Price
        • Money Flow Index (MFI)
        • Negative Volume Index (NVI)
        • On Balance Volume (OBV)
        • Percentage Price Oscillator (PPO)
        • Percentage Volume Oscillator (PVO)
        • Performance Spread
        • Price Relative/Relative Strength
        • Pring's Know Sure Thing (KST)
        • Pring's Special K
        • Rate of Change (ROC)
        • Relative Strength Index (RSI)
        • Relative Volume (RVOL)
        • RRG Relative Strength
        • StockCharts Technical Rank
        • Slope
        • Standard Deviation (Volatility)
        • Stochastic Oscillator (Fast, Slow, and Full)
        • StochRSI
        • Traffic Light
        • TRIX
        • True Range
        • True Strength Index
        • TTM Squeeze
        • Typical Price
        • Ulcer Index
        • Ultimate Oscillator
        • Vortex Indicator
        • Weighted Close
        • Williams %R
      • Technical Overlays
        • Anchored VWAP
        • Bollinger Bands
        • Chandelier Exit
        • Double Exponential Moving Average (DEMA)
        • Hull Moving Average (HMA)
        • Ichimoku Cloud
        • Kaufman's Adaptive Moving Average (KAMA)
        • Keltner Channels
        • Linear Regression Forecast
        • Linear Regression Intercept
        • Moving Averages—Simple and Exponential
        • Moving Average Ribbon
        • Moving Average Envelopes
        • Parabolic SAR
        • Pivot Points
        • Price Channels
        • Triple Exponential Moving Average (TEMA)
        • Volume-by-Price
        • Volume-Weighted Average Price (VWAP)
        • ZigZag
    • Market Indicators
      • Introduction to Market Indicators
        • Market Indicator Dictionary
      • Advance-Decline Line
      • Advance-Decline Percent
      • Advance-Decline Volume Line
      • Advance-Decline Volume Percent
      • Arms Index (TRIN)
      • Bullish Percent Index (BPI)
      • DecisionPoint Intermediate-Term Breadth Momentum Oscillator (ITBM)
      • DecisionPoint Intermediate-Term Volume Momentum Oscillator (ITVM)
      • DecisionPoint Swenlin Trading Oscillator (STO)
      • High-Low Index
      • High-Low Percent
      • McClellan Oscillator
      • McClellan Summation Index
      • Net New 52-Week Highs
      • Percent Above Moving Average
      • Pring's Bottom Fisher
      • Pring's Diffusion Indicators
      • Pring's Inflation and Deflation Indexes
      • Pring's Net New High Indicators
      • Put/Call Ratio
      • Record High Percent
      • Volatility Indices
    • Market Analysis
      • Dow Theory
      • Sector Rotation Analysis
      • Intermarket Analysis
      • The DecisionPoint Chart Gallery
      • DecisionPoint Rydex Asset Analysis
      • Wyckoff Analysis Articles
        • Wyckoff Market Analysis
        • Wyckoff Stock Analysis
        • The Wyckoff Method: A Tutorial
      • Elliott Wave Analysis Articles
        • Introduction to Elliott Wave Theory
        • Identifying Elliott Wave Patterns
        • Guidelines for Applying Elliott Wave Theory
    • Trading Strategies & Models
      • DecisionPoint Trend Model
      • Trading Strategies
        • Bollinger Band Squeeze
        • CCI Correction
        • CVR3 VIX Market Timing
        • Faber's Sector Rotation Trading Strategy
        • Gap Trading Strategies
        • Harmonic Patterns
        • Hindenburg Omen
        • Ichimoku Cloud Trading Strategies
        • The 'Last' Stochastic Technique
        • MACD Zero-Line Crosses With Swing Points
        • Moving Average Trading Strategies
          • Finding Support and Resistance in Moving Averages
          • Guppy Multiple Moving Average: An MA Ribbon Designed to Tip the Market’s Hand
          • How To Trade Price-to-Moving Average Crossovers
          • Trading the Bounce: Finding Support and Resistance in Moving Averages
          • Trading the Death Cross
          • Trading Using the Golden Cross
          • Using the 5-8-13 EMA Crossover for Short-Term Trades
        • Moving Momentum
        • Narrow Range Day NR7
        • Percent Above 50-day SMA
        • Percent B Money Flow
        • The Pre-Holiday Effect
        • RSI(2)
        • Six-Month Cycle MACD
        • Slope Performance Trend
        • Stochastic Pop and Drop
        • Swing Charting
        • Trend Quantification and Asset Allocation
    • Index & Market Indicator Catalog
      • Advance-Decline Indicators
      • Cboe Indices and Indicators
      • CME Futures and Spot Prices
      • DecisionPoint Sentiment Indicators
      • Dow Jones Breadth Indicators
      • Dow Jones Global Indices
      • Dow Jones Select Indices
      • Dow Jones Titans Indices
      • Dow Jones US Indices
      • Economic Indicators
      • ICE Futures and Spot Prices
      • Intellidex Indices
      • MSCI Indices
      • New 52-week Highs and Lows for Exchanges
      • NYSE Arca Equity Indices
      • NYSE Equity Indices
      • Philadelphia Indices
      • S&P 500 Sector and Industry Groups
      • S&P GSCI Indices
      • StockCharts AD Percent
      • StockCharts AD Volume Percent
      • StockCharts Bullish Percent Index
      • StockCharts High-Low Index
      • StockCharts High-Low Percent
      • StockCharts Percent Above Moving Average
      • StockCharts Pseudo Symbols
      • StockCharts Record High Percent
      • StockCharts Theoretical Indices
      • US Treasury Yields
    • 📖Glossary
      • 📖Glossary - A
      • 📖Glossary - B
      • 📖Glossary - C
      • 📖Glossary - D
      • 📖Glossary - E
      • 📖Glossary - F
      • 📖Glossary - G
      • 📖Glossary - H
      • 📖Glossary - I
      • 📖Glossary - J
      • 📖Glossary - K
      • 📖Glossary - L
      • 📖Glossary - M
      • 📖Glossary - N
      • 📖Glossary - O
      • 📖Glossary - P
      • 📖Glossary - Q
      • 📖Glossary - R
      • 📖Glossary - S
      • 📖Glossary - T
      • 📖Glossary - U
      • 📖Glossary - V
      • 📖Glossary - W
      • 📖Glossary - X, Y, Z
    • Options Glossary
    • Educational Resources
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On this page
  • The Basics
  • Observations and Lessons

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  1. Table of Contents
  2. Overview
  3. "The Trader's Journal" by Gatis Roze

Stage 3: The Investor Self

PreviousStage 2: Business of InvestingNextStage 4: Market Analysis

Last updated 1 year ago

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Behavioral finance proves that it is possible to model particular behavioral and psychological attributes in order to actually incorporate these into one’s own style and enhance one’s own investment record. Don’t be intimidated by the fancy label the academics gave this study of the investor self which basically integrates cognitive psychology with investing. Its foundation is rooted on the premise that we make financial decisions based on a combination of facts and what we believe about those facts.


The Basics

The average investor would be totally discombobulated if they witnessed the effortless manner in which money...

This is my collection of useful investing essentials that all of us need to remember and that all novices must adopt...

I'm not an investment arsonist! I won't try to convince you that stock market perfection is achievable. I will, however, ...

“Chains of habit are too light to be felt until they are too heavy to be broken.” --Warren Buffet A few weeks...

Stock market mastery has many components, but the first step is to acknowledge that it all starts with you – the...

Observations and Lessons

As many of you know, American composer extraordinaire Richard Rodgers collaborated with Oscar Hammerstein to produce...

Mastery is not achieved by knowing the Holy Grail of trading systems. Mastery is achieved by having the discipline...

I’d like to paraphrase a fishing analogy. Show someone how to invest by following a winning trading...

For those of you who pooh-pooh the lessons of history, listen up! I myself am guilty of being overly focused...

Art, history and life can parallel investing. This blog is my continuation from last week’s Part I where I...

I’d like to paraphrase a fishing analogy. Show someone how to invest by following a winning trading...

I stumbled into a gift shop full of tchotchkes today. It was one of those retailers with endless trinkets and...

As I sip my 2008 Cabernet Sauvignon, I ponder all the similarities between myself, as an investor, and Marty Clubb –...

“It matters not how strait the gait, How charged with punishments the scroll, I am the master of my fate, I am the...

A week doesn’t go by without some investor asking me “which one single indicator do you recommend above all others?”...

I attended a lecture last week given by Dr. Anthony Greenwald, a psychology professor at the University of...

Wrong is now right. What I once considered unreasonable is now considered reasonable (and I don’t mean just...

Over decades of training and teaching, it’s been my experience that the majority of both investors and traders are...

I wrote about this subject nearly two years ago from my own personal perspective, but now I want to expand on the...

I had breakfast the other day with a group of friends, and we spent the morning discussing what it meant to be ‘in...

Michael Jordan is probably the greatest basketball player I have ever seen. He wrote a book titled I..

Over 20 years ago, I had a pivotal year as an investor with a seismic shift in my performance. Some might call...

I was fortunate to spend a couple of days in San Francisco at the annual conference of the International Federation...

When the stock market ground below your feet begins to shift, metaphorically-speaking, and your charts turn into...

Jesse Livermore pointed out that stock market experience is the result of mistakes and that those mistakes have many...

There is only one Albert Einstein and only one Warren Buffett. There is only one race – the human race. ...

I have two things in common with Richard Sherman, the Seattle Seahawks’ Super Bowl star. We both graduated...

published on October 10, 2014 at 06:45 AM

The National Football League can prove statistically that top running backs, such as Marshawn Lynch of the Seattle...

Yes, the fountain of youth really does exist, and academic research is increasingly proving it to be found amidst...

At a recent seminar, I was asked by a sharp young investor how much trading rules had changed since I began trading...

General George Patton once said, “A good plan implemented today is better than a perfect plan implemented tomorrow.”...

More often than not, most successful investors will admit that while investing may seem relatively simple, it’s not...

Having traded the markets for over 25 years, I am still focused on ruthlessly driving mind-bending emotions from my...

I heard an insightful interview with a judge talking about the transformation she goes through in her chambers as...

As an individual investor, what you bring to the table in the way of intellectual, emotional and behavioral skills...

Far too many investors get it wrong, and perhaps no other group more so than the Millennials. In a recent...

Trading camaraderie provides inspiration and motivation, but it does not always emanate from fellow traders...

Years ago when I was a novice investor, I’d exhaust myself trying to figure out why things were happening in the...

Whether it’s life or investing, if you ignore the reality of correlations – be they positive or negative – you are...

I just read The Buy Side, Turney Duff’s book about his years as the biggest and most successful healthcare hedge...

To paraphrase P.J. O’Rourke, “Giving assets to a stock market plunger is like giving beer and car keys to teenage...

Pursuing a ‘driverless strategy’ – be it automobiles, hedge funds or individual investing – is counterfactual...

This past February, John Elway, General Manager of the Denver Broncos, achieved the pinnacle of success when his...

What does it take to succeed as an investor? That’s a broad question but nonetheless a supremely important...

As an investor, there is only one day a year that you are unable to do anything about the stock market’s behavior...

As many of you know, American composer extraordinaire Richard Rodgers collaborated with Oscar Hammerstein to produce...

Jonathan Wendel earned $454,544. He is very similar to us investors / traders in many ways despite being a...

Yes, the fountain of youth really does exist, and academic research is increasingly proving it to be found amidst...

Ninety percent (90%) of Americans believe that they are above average drivers. Multiple studies have...

I’ve seen this play out time and time again at seminars, conferences, lectures, and courses. Remarkably, the...

How does a return of 14% in six months sound to you? Last February, I wrote a blog about attending the unique...

In a recent moment of self-reflection, I was forced to arrive at the conclusion that I do not view the world the...

Tensile Trading: Stage #3 The Real Market You're Trading is the Investor Self
Don't Even Think About Investing Without Addressing These 10 Essentials - Part 1
Don't Even Think About Investing Without Addressing These 10 Essentials - Part 2
Stock Market Mastery: Part II
Stock Market Mastery Part III: The Equation
8 Observational Living Tools To Supercharge Your Profits
4 Classic Elements of Mastery
This Investor's 5 Personal Passages
Ten Timeless Tenets of Trading: A 2,500 Year Perspective
Ten Timeless Tenets of Trading: A 2,500 Year Perspective Part II
Overcoming The Slinky Gap: Mastering Both Yourself And Your Trading System
35 Years and 5 Key Personal Investment Passages
Investment Lessons from the Archives
The #1 Indicator Professionals Focus On
Blind Spots
Trading the Markets as Black or White
Secret Sauce: The Other 50% of Investing
Secret Sauce: The Other 50% of Investing - Part II
Four Perspectives About 'Being in the Zone'
Where Investment Lessons Reside
How a DNA Transfusion Totally Transformed My Investing
What an Institutional Director Looks For in a Portfolio Manager How Do You Compare?
Insiders Know It, Professionals Have It, Novice Investors Ignore It
An Investor's "Intestinal Computer"
One Way - My Way!
You Do Want To Be A Type D Investor!
Why Investors Need to Appreciate Fine Wines
You Only Get 2,000 Profitable Trades Per Lifetime: Use Them Wisely!
Academics Prove that Trading the Markets Contributes to Your Longevity
Youthful Investors versus Grizzly Veterans: Beer versus Wine
The Birth of a New Investor
Mind Games That Can Kill Investors
This Investor's Personal Mantra
How I Maintain Emotional Consistency and Behavioral Intelligence Trading the Markets
Investors: Look Here for the Attributes and Skills You Must Have
A Tool to Uncover Your Personal Risk / Reward Profile
An Investor Finds Motivation, Camaraderie, Discipline & Inspiration in a Unique Place
Why Stress is Like Kryptonite for Investors
The Most Profitable Correlation in the Stock Market
This is What Made a Top Hedge Manager So Successful
Plunger Investing: A True Story
Driverless Trading and the Five Investor Personalities
The Secret of Success Is...
As Easy As 1, 2, 3...or 4?
Flopping in Sports Can Make One Millions / Flopping in Investing Can Cost You Millions
How I Use My Personal Pocket Pads to Produce Profits
Thrive as an Investor, Don't Just Survive
How Investing, Brain Training and Longevity Fit Together
100% of Investors from Lake Wobegon Are Above Average
Stop! Don't Touch It! Let It Go! Quit Tinkering!
Interdisciplinary Investing: Combining Fundamentals and Technicals Increases Profits
Here, Try On These Investor Goggles, They'll Help You See A Path To Profits