STA Monthly Meeting October 2009
Bill started investing in 1970. He retired from legal practice in 1999, and has been trading ever since. In 2001 he became technical editor of Chart Insight published by Hemscott, and in 2004 started his own website Chart-Guide.com, now part of Rivington Street Holdings plc, specializing in Elliott wave index trading.
Bill trades mainly the DJIA and FTSE 100, with a background interest in cable, gold and crude oil. Since 2002 the waves in the markets have behaved very differently from how they did in the 1930’s when Elliott discovered the principle. The 1930’s was an era of much greater social conformity than today, economic activity was depressed, and liquidity in markets was very low. This resulted in much more cohesive and clear wave structures in financial markets than today, when unprecedented liquidity and computerized trading has lead to more distortion and ambiguity. This has lead Bill to incorporate Gann fractions as well as Fibonacci into his Elliott wave analysis which gives useful additional guidance when wave counts are unclear, as they are now, rather more frequently.
Next STA Meeting
STA Monthly Meeting – May 2025
Behavioural Finance and Trading Psychology
Why do traders make irrational decisions — even when they know better?
In this eye-opening online Masterclass, Kim Cramer Larsson, a seasoned Technical Analyst with over 25 years of experience, explores the powerful psychological forces that influence financial decision-making. Drawing on his deep expertise in both market behaviour and trading psychology, Kim offers a compelling look at why traders and investors often fall into the same traps — and how to avoid them.
The talk begins with a look at the trader sentiment roadmap, illustrating how collective emotion shapes market direction. From there, Kim delves into the fundamentals of trading psychology, exploring how emotions, the illusion of control, and our natural aversion to loss impact trading performance. He’ll also examine the subtle but critical role that positioning plays in shaping both perception and risk.
One of the central themes is “Pain & Gain – and an Inconvenient Truth,” where Kim explains why discipline in trading is so difficult to master, even for experienced professionals. The session wraps up with a thought-provoking look at the psychology behind market bubbles — from euphoria to collapse — and what these cycles reveal about investor behaviour
Why do traders make irrational decisions — even when they know better?
In this eye-opening online Masterclass, Kim Cramer Larsson, a seasoned Technical Analyst with over 25 years of experience, explores the powerful psychological forces that influence financial decision-making. Drawing on his deep expertise in both market behaviour and trading psychology, Kim offers a compelling look at why traders and investors often fall into the same traps — and how to avoid them.
The talk begins with a look at the trader sentiment roadmap, illustrating how collective emotion shapes market direction. From there, Kim delves into the fundamentals of trading psychology, exploring how emotions, the illusion of control, and our natural aversion to loss impact trading performance. He’ll also examine the subtle but critical role that positioning plays in shaping both perception and risk.
One of the central themes is “Pain & Gain – and an Inconvenient Truth,” where Kim explains why discipline in trading is so difficult to master, even for experienced professionals. The session wraps up with a thought-provoking look at the psychology behind market bubbles — from euphoria to collapse — and what these cycles reveal about investor behaviour
