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Psychology of the stock market

By G. C. Selden
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About This Book

The text analyzes how collective and individual psychology shapes price movements on exchanges, tracing a recurring speculative cycle from quiet accumulation through accelerating advances to panicked selling. It explains cognitive errors such as inverted reasoning, mistaking current conditions for future prospects, and confusing personal experience with general trends. Chapters discuss the influence of herd notions of anonymous others, the mechanics and psychology of order scale and timing, and the dynamics of booms and panics. Practical guidance addresses how an individual trader's hopes, fears, and decision habits affect outcomes and how recognition of psychological biases can improve judgment.

About the Author

Selden, G. C. portrait

G. C. Selden

G. C. Selden was an American author and financial theorist, best known for his influential work, "Psychology of the Stock Market." In this book, Selden explores the psychological factors that influence investor behavior and market trends, offering insights into the emotional and cognitive aspects of trading. His contributions to the understanding of market psychology have made a lasting impact on both investors and scholars in the field of finance. Selden's work remains relevant for those interested in the interplay between human behavior and economic activity.

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