10 Tips for More Consistent Trading In the world of stocks & options, more consistent trading is key to success. One way to improve your trading consistency is by developing a focused mindset. When focused, traders are able to make informed decisions based on the market conditions and their trading strategy. Here are ten tips […]
Winners take responsibility – “The price of greatness is responsibility.” – Winston Churchill. Winners take responsibility for their actions. One of the defining characteristics of successful people is that they are willing to take responsibility for their actions, whether those actions lead to success or failure. The Good, The Bad & The Ugly: There is […]
Cognitive Bias – Loss Aversion “There’s a fine line between pleasure and pain.” – Divinyls. Loss aversion is a psychological phenomenon that describes the tendency of individuals to feel the pain of losses more acutely than the pleasure of gains. In the context of investing in the stock market, loss aversion can have a significant […]
Cognitive Bias – Self-Serving – Self-serving bias is a psychological phenomenon where individuals tend to attribute positive outcomes to their own personal attributes and abilities. However, any negative outcomes are blamed on external factors or situations beyond their control. Psychological Benefits: This bias allows people to maintain a positive self-image, protect their self-esteem and cope […]
Cognitive Bias – Overconfidence “Be wary, for overconfidence is a slow and insidious killer.” – Dark Dungeon Overconfidence is a cognitive bias that can influence investing decisions in the stock market. Overconfidence occurs when one’s belief in one’s ability (subjective), exceeds reality (objective). It refers to the tendency of individuals to overestimate their abilities, knowledge, […]
Overview: Top 5 Cognitive Biases – Cognitive biases are errors in human thinking. They can impact decision-making in various areas of life, including the stock market. Here are a few cognitive biases that can influence stock market behaviour: 1. Confirmation Bias: This bias occurs when someone seeks out information that confirms their existing beliefs or […]
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