{"id":3392,"date":"2021-06-29T08:28:55","date_gmt":"2021-06-29T15:28:55","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=3392"},"modified":"2021-06-29T08:30:44","modified_gmt":"2021-06-29T15:30:44","slug":"episode-206-peter-atwater","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/episode-206-peter-atwater\/","title":{"rendered":"Episode 206: Read the Room: Peter Atwater on Identifying Market Moods"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm?e=STT9440538502\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">This week, hosts Tim Bohen and Kim Ann Curtin welcome special guest Peter Atwater.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He\u2019s the president of Financial Insights and an adjunct professor at William &amp; Mary and the University of Delaware. Peter Atwater\u2019s also the author of the book &#8220;<\/span><a href=\"https:\/\/amzn.to\/3d91vZ5\"><span style=\"font-weight: 400;\">Moods and Markets: A New Way to Invest in Good Times and in Bad<\/span><\/a><span style=\"font-weight: 400;\">.&#8221;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But he\u2019s most passionate about socionomy. The word has Kim tongue-tied. Socionomy focuses on the interplay between social moods, cultural and political movements, and the markets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So to break it down \u2026 Can you find the <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-205-trading-goals\/\"><span style=\"font-weight: 400;\">opportunity<\/span><\/a><span style=\"font-weight: 400;\"> in a crowded room? Do you leave before the party\u2019s over?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How we behave in real life is often the same as how we trade online.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The key is timing. It helps when you can read the room. Peter Atwater will teach you how in this week\u2019s episode.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">(As an Amazon Associate, we earn from qualifying purchases.)<\/span><\/i><\/p>\n<h2><span style=\"font-weight: 400;\">Peter Atwater\u2019s Market Moods<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Peter Atwater says to keep an eye on flash mobs with money. Not on the street (although, that would be cool to see), but in the markets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crowds show up in droves \u2014 and fast. We saw that with Nikola Corporation (NASDAQ: NKLA). But they can disappear just as quickly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Atwater\u2019s amazed by the momentum on Twitter. He says, \u201cWe think it, we say it, and then we act on it \u2026 They\u2019re a fast-moving crowd and if you\u2019re late, you\u2019ll catch the tail end of it thinking it\u2019s only the beginning.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sounds like <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-191-the-psychology-of-losing-trades\/\"><span style=\"font-weight: 400;\">chasing<\/span><\/a><span style=\"font-weight: 400;\"> breakouts that turn into fakeouts. So how do you improve your timing?\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bohen shares the scientific reason for our human need to understand where others are coming from. Tune in to find out why we need to understand crowds to feel safe.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And Peter Atwater lays out what to look for at the beginning and the end of a parabolic move. Don\u2019t miss his unique insight!<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Emotion vs. Mood\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For Peter Atwater, emotions and moods are two different things. Kim\u2019s curious about the distinction&#8230;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Atwater says moods are external factors and emotions are our responses to them. But it goes deeper than that. He says, \u201c<\/span><a href=\"https:\/\/www.steadytrade.com\/episode-194-trading-ambition-millionaire-trader-mariana\/\"><span style=\"font-weight: 400;\">Confidence<\/span><\/a><span style=\"font-weight: 400;\"> isn\u2019t about you, it\u2019s about how you see yourself in the world.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And how we see ourselves affects how we trade. When we\u2019re in a low mode, our confidence wanes. We feel competitive but forget our best strategies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Find out the simple slogan he uses to catch himself when he\u2019s in this unhelpful <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-199-journey-to-full-time-trader\/\"><span style=\"font-weight: 400;\">mindset<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of course, overconfidence isn\u2019t good either. It can make us more friendly and generous with others \u2026 or lead us down the wrong path.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Find out Peter Atwater\u2019s top tips for identifying high-flying moods \u2014<\/span><b> and how to stay in control and make smarter decisions.\u00a0<\/b><\/p>\n<h2><span style=\"font-weight: 400;\">Peter Atwater on Certainty and Control\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Atwater says certainty and control are two things all humans need. Without them, we freak out \u2026 like \u2018buy the top, sell the bottom\u2019 freak out.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When a stock rises, our sense of safety kicks in. We feel like it will stay that way forever. Then when the mood changes, we panic.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But life and stocks never guarantee certainty or control. So what\u2019s a <\/span><a href=\"https:\/\/www.steadytrade.com\/winning-traders-share-tips-and-tricks\/\"><span style=\"font-weight: 400;\">trader<\/span><\/a><span style=\"font-weight: 400;\"> to do?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Peter says, \u201cBuy Adele and sell Pharrell.\u201d When stocks are \u201crolling in the deep\u201d (crashing), you buy. And when they\u2019re \u201chappy\u201d (rising), you sell.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We know this. But is there a way we can <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-205-trading-goals\/\"><span style=\"font-weight: 400;\">train ourselves<\/span><\/a><span style=\"font-weight: 400;\"> to follow it?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Atwater and Bohen think so. Atwater shares examples of what emergency room doctors do when there\u2019s no certainty or control.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bohen agrees with the concepts. He says he learned all about them from former Navy SEAL Jocko Willink. Find out which strategies could help you feel certain and in control of your trading game.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What Do You Think?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">What\u2019s your take on Peter Atwater and market moods? How well can you read the room when it comes to the markets? What helps you feel certain and in control of your trades?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019d love to hear what you think, so drop a comment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on <\/span><a href=\"https:\/\/www.youtube.com\/user\/stockstotrade\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>Into this episode? Please leave a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n<h3><span style=\"font-weight: 400;\">Meet Our SteadyTrade Hosts<\/span><\/h3>\n<p><a href=\"https:\/\/www.steadytrade.com\/about\/\"><span style=\"font-weight: 400;\">Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Follow our guest and hosts on social media\u2026<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Peter Atwater<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/Peter_Atwater\"><span style=\"font-weight: 400;\">@Peter_Atwater<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Tim Bohen<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/tbohen\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/tbohen\/\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Stephen Johnson<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/Jonk87\"><span style=\"font-weight: 400;\">@Jonk87<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/stephenjonk87\/?hl=en\"><span style=\"font-weight: 400;\">@stephenjonk87<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Kim Ann Curtin<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/kimanncurtin\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/kimanncurtin\/\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, hosts Tim Bohen and Kim Ann Curtin welcome special guest Peter Atwater.\u00a0 He\u2019s the president of Financial Insights and an adjunct professor at William &amp; Mary and the University of Delaware. Peter Atwater\u2019s also the author of the book &#8220;Moods and Markets: A New Way to Invest in Good Times and in Bad.&#8221;\u00a0 [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":3393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[30,19,18],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Episode 206: Read the Room: Peter Atwater on Identifying Market Moods - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"This week, hosts Tim Bohen and Kim Ann Curtin welcome special guest Peter Atwater.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/episode-206-peter-atwater\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Episode 206: Read the Room: Peter Atwater on Identifying Market Moods - 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