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ClinzzyOrlando
Psychology of trading
in
General
Jan 19, 2023 at 14:18
It's also important to remember that losses are a normal part of trading and that it's important to keep a long-term perspective.
Psychology of trading
in
General
Jan 19, 2023 at 10:16
Loss aversion: People tend to feel the pain of losses more than the pleasure of gains, which can lead to holding on to losing positions for too long.Anchoring bias: People tend to anchor to a reference point, such as the price at which they bought a stock, and base their decisions on that point, rather than current market conditions.Confirmation bias: People tend to look for information that confirms their existing beliefs, and ignore information that contradicts them.Overconfidence: Many traders overestimate their abilities, which can lead to taking on too much risk and making poor trading de...
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