A friend called last week, and just from the tone of my voice saying “Hello?,” she knew something was wrong.
I tried to deny it, but then admitted that I had lost a lot of money in the market that day, and it brought me down. The next day, she called again, and again from the way I answered the phone she could tell I was in a better mood. Naturally, that was one of the big rally days in this yoyo market.
It occurred to me that my emotions are being manipulated (quite effectively) by pixels on a screen. If there are lots of green pixels, I feel good. Red, bad.
I know I”m not alone in this. In fact, there are millions of us.
Even though we think of ourselves as mature, rational people (considering the demographic of people who pay attention to their portfolios on a daily basis), we are among the most easily manipulated people on the planet.
Today I got to feel both ways without even leaving the house or doing any trades. Who needs a roller coaster when we have the stock market?