Overconfidence bias is unwarranted faith in your own judgment, the gap between how good you think your calls are and how good they are. Here is the fix.
Understand behavioral science and psychology to boost your consistency and results!
Trading Psychology
Understand behavioral science and psychology to boost your consistency and results!
All articles, page 4
A cheetah fails about 3 hunts in 4, even when it picks its prey. What wild cheetah data teaches a trader about waiting for the easy setups.
Self-actualization is the top of Maslow's hierarchy of needs. What Maslow really wrote, what the pyramid gets wrong, and why a trader grows by cutting.
Losing trades are part of trading because outcomes are probabilistic. Why a day that ended in a small loss still counted as a win for this trader.
Regret aversion bias is the urge to avoid a decision that may look wrong in hindsight, so you do nothing. How it shows up in trading and how to beat…