School of Market Psychology.
The School of Market Science taught how markets work. This one teaches the machine that trades them — your own mind. Six everyday stories — a coin-flip bet, a face in the moon, a 1 a.m. gaming spiral — each landing one deep idea about the wiring that quietly costs traders money.
Why This School Exists
In 1983, outsiders were handed identical trading rules and real money. Some made fortunes; others struggled. The rules were never the difference.
Why Losing Hurts Twice as Much
A coin-flip bet that pays $25 a throw — and most people refuse it. The Nobel-winning wiring that makes traders hold losers and dump winners.
The Story-Telling Machine
A finance professor built a chart from pure coin flips. A professional analyst studied it and found a trend, support, a breakout — and urged: buy.
The Crowd Inside Your Head
Two identical restaurants, one with a queue out the door. You pick the queue — with zero real information. In markets, that instinct inverts.
The Revenge Trade
It's 1 a.m. You lost a match you were winning. Your finger clicks Play Again. Traders call the same spiral revenge trading — and willpower can't stop it.
Good Decision, Bad Result
A drunk driver gets home safely. Was it a good decision? Why single trades are terrible teachers — and how casinos and pros keep score instead.
Move on to School of Behavioural Finance.
The most dangerous thing in your portfolio is the person operating it. A field guide to the biases that quietly run your trading — loss aversion, the disposition effect, overconfidence, herding — each with the story you'll recognise from your own life, the moment it costs you real money, and the defence (and offence) a disciplined trader builds around it.