Most trading education teaches you how to read the market. Picksmith Blog helps you understand how you behave inside it. Published every Friday.
July 10, 2026 · Market Crowds
Herd Behaviour: When Being Early Feels Wrong and Being Late Feels Safe
Why traders wait for social proof before entering a trade, only to arrive after the best risk/reward is gone. The crowd gives you comfort but takes away your edge.
Read article →July 3, 2026 · Decision Making
How to Know When You're Trading Your Plan vs. Trading Your Mood
The warning signs that you have drifted from your trading plan into emotional decision-making, and a practical self-check framework to use before every entry.
Read article →June 26, 2026 · Trader Psychology
The Most Expensive Emotion in Trading Isn't Fear — It's Hope
Fear gets all the attention, but hope is the silent killer in trading. It keeps you in bad positions, makes you ignore stop losses, and turns negative signals into "temporary noise."
Read article →June 20, 2026 · Risk Psychology
Why Stop Losses Feel Personal
Many traders see a stop loss as being "wrong" rather than as the cost of doing business. Reframing how you think about stops changes your entire relationship with risk.
Read article →June 13, 2026 · Mental Traps
Loss Aversion: Why Losing Hurts More Than Winning Feels Good
Kahneman and Tversky showed that losses are felt roughly twice as intensely as equivalent gains. This single bias explains why most traders cut winners early and hold losers too long.
Read article →June 6, 2026 · Market Crowds
Why Market Narratives Are So Powerful
Stocks don't just move on numbers — they move on stories. AI, rate cuts, obesity drugs, "the next Nvidia." Narratives create momentum, and knowing when a story is priced in matters more than knowing if it's true.
Read article →May 30, 2026 · Decision Making
The Power of Doing Nothing
Patience as an active trading decision. Waiting is a position. Cash is a position. No trade is often the highest-quality trade you can make.
Read article →May 23, 2026 · Trader Psychology
Revenge Trading: The Hidden Cost of Needing to Be Right
The psychology after a losing trade: frustration, urgency, oversized positions, abandoning the plan. The emotional sequence is predictable — and preventable.
Read article →May 16, 2026 · Risk Psychology
Position Size Is a Psychological Tool
Position sizing isn't just maths. A position that is too large changes your behaviour — panic selling, checking constantly, moving stops, and making emotional decisions.
Read article →May 9, 2026 · Mental Traps
Anchoring: Why Your Entry Price Is Messing With Your Head
Traders obsess over getting "back to breakeven." The market doesn't care where you entered. Your entry price is information about you, not about the stock.
Read article →May 2, 2026 · Market Crowds
The Psychology of FOMO
Why traders chase when everyone else appears to be winning — and how social media, screenshot culture, and algorithmic feeds make it worse.
Read article →April 25, 2026 · Decision Making
The Difference Between a Good Trade and a Winning Trade
A bad trade can make money. A good trade can lose money. Outcome quality and decision quality are not the same thing — and confusing them is one of the most common mistakes traders make.
Read article →April 18, 2026 · Trader Psychology
Why Smart People Make Bad Trades
Intelligence doesn't protect traders from impulse, ego, and overconfidence. Smart people are often worse — because they rationalise bad decisions more convincingly.
Read article →April 11, 2026 · Market Education
How IPOs Work
From underwriter selection to the first trade, how companies go public — and what the data says about IPO performance in the months that follow.
Read article →April 4, 2026 · Market Education
The Risks of Shorting the Market
Short selling offers capped upside and theoretically unlimited downside. Here's how the mechanics work, why the odds are stacked against short sellers, and what history tells us.
Read article →March 28, 2026 · Investor Mindset
The Case for Long-Term Investing
Why compounding is the most powerful force in investing, what frequent trading actually costs you, and the historical evidence behind staying the course.
Read article →Picksmith provides information, analysis, opinions, and tools for general informational and educational purposes only. Nothing on Picksmith should be considered investment, financial, legal, tax, or other professional advice. Past performance is not indicative of future results.