😱 Avoid These 7 Mind Traps! Trader Beware!
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- Опубліковано 1 чер 2024
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📉 Trading Mistakes Alert! 7 Psychological Pitfalls Unveiled! Master Your Mind: Beat Trading Pitfalls! 🔍
Why Traders Make Bad Decisions: Avoid These 7 Mind Traps! Trader Beware!
Exposure Bias: Forming opinions without checking facts, leading to overexposure to one side of a market without considering all perspectives.
Confirmation Bias: Making a decision first and then seeking information to support that decision, rather than objectively assessing the situation.
Trend Chasing: Extrapolating trends into the future without considering potential reversals or changes in market conditions, leading to impulsive trading decisions.
Overconfidence: Placing excessive trust in the success of individual trades, neglecting the probabilistic nature of trading and the role of luck.
Loss Aversion: Prioritizing avoiding losses over maximizing gains, often leading to premature adjustments or exits that compromise long-term profitability.
Paradox of Choice: Being overwhelmed by the multitude of trading options, time frames, and strategies, resulting in unfocused trading and lack of specialization.
Popular Prescription Bias: Blindly following common trading adages without understanding their underlying principles or adapting them to specific market conditions.
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Loss aversion is my biggest problem right now. I'm training myself with small real positions to train my brain right from the start (I don't believe in demo), but boy, loss aversion, lack of patience and cutting my trades off too quickly are my main issues.
understandable when buffets first rule is , don’t lose money!
We all face these traps in the market, you must keep your mind & emotions in check. 🎯
Paradox of choice.
Damn eye opener.
Good video mark.
Great tutorial...
This video is amazing established a few issues i have thank you
Bro I love your videos espicially when you talk about pyschology
Number 6 is my pitfall, and I missed so many trades by trying to catch one! Great video
Number 5 is me😢