Human Biases in Trading
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Description
Without a question, the biggest disadvantage we have as traders is being human. Along with all the good things come some really bad things for traders. We come with emotions that do nothing but confuse us. We have hidden demons that we do not even know are operating. In addition, whether you realize it or not, as you develop as a human, you develop ‘biases’. A predetermined view of how something will act. Webster defines bias as “a personal and sometimes unreasoned judgment”. Here are the charts to follow along: Chart 1: https://drive.google.com/file/d/1bbWfvPjnq0ZRXupDlxCqgoYxmb2KarHl/view?usp=drive_link Chart 2: https://drive.google.com/file/d/1sr3kol8rUyFjv99Cu_WH72hqMCnCUbL-/view?usp=drive_link Chart 3: https://drive.google.com/file/d/1hYlERxLkz8AgjnDUSTD5VUIH_CJ-nceH/view?usp=drive_link Set up a free coaching session with Paul: https://calendly.com/dts-paul/coaching-session-w-paul The DTS Free Stuff Page: https://disciplinedtradingstrategies.com/free-stuff/ To learn more, visit: http://disciplinedtradingstrategies.com Listen to more episodes on Mission Matters: https://missionmatters.com/author/paul-lange/
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This is actually a great topic. Yes, this is episode 54, and I’m still calling things great topics as if they should’ve been the first thing you heard. There is such tremendous misconception about the skills needed to trade/invest for yourself that it leads to two issues. Some people who try to...
Published 10/24/24
Published 10/24/24