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Device Protects Day Traders From Emotional Trading

Posted by samzenpus on from the never-again dept.

Philips Electronics, a Netherlands-based company, has come up with a device designed to protect day traders from emotionally based trading decisions. The Rationalizer measures your galvanic skin response and lets you know when you are under stress. An online trader can then take a "time-out, wind down and re-consider their actions," according to the company. This may have come too late for us, but at least future generations won't have to live through the horror of angry day trading.

2 of 260 comments (clear)

  1. I've known a lot of day traders. . . by Slicebo · · Score: 5, Interesting

    . . . and trust me, giving them a device that will tell them when they are stressed is about as useful as taping a stethoscope to their chest so they can check whether their heart is beating.

    Day traders are *always* stressed. Always.

  2. Re:Is day trading a good thing? by Anonymous Coward · · Score: 4, Interesting

    You can think of it as short term investing. Sure, an investor produces nothing and earns money seemingly from nothing, but you're ignoring the fact that he's supplying the investee with the ability to produce a product/start a business, etc.

    Day trading's the same on a micro scale. Any consential transaction benefits all parties. So in the end it's positive.