Conservatism bias is clinging to your prior view and under-reacting to new information that contradicts it. See how it shows up after an earnings miss.
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 6
Self-attribution bias is crediting wins to your skill and blaming losses on luck, the broker or the news. Here is why it is dangerous for traders.
Representativeness bias makes a few wins look like proof. What Tversky and Kahneman found in 1971, and how many trades it takes to judge a system.
Cognitive dissonance is the discomfort when new information contradicts a position you hold. It keeps traders in losing trades long after they should exit.
Anchoring bias is leaning too hard on the first number you see and judging all that follows against it. See what the anchor usually is in trading.