Smartphone alerts can promote what behaviourists call ‘overtrading’, shredding your returns — and your nerves
Some experiments are self-fulfilling prophecies. Morgan Spurlock put on weight by bingeing on Big Macs for his 2004 Super Size Me documentary. I became distracted and tetchy after switching on smartphone stock price alerts. You can easily receive 10 or more notifications an hour if you follow enough assets closely. The effect is particularly galvanising if you choose a clanging stock exchange opening bell as your notification sound.
I will trickle it into diversified investments producing decent returns at acceptable risk. As for DJT, what’s that all about?” The second approach makes more sense but is less immediately satisfying. “When something is happening in markets, people fiddle with their investments to feel more in control,” says Philip Seager, head of portfolio management at CFM, a Paris-based quantitative investment manager.
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