Anchoring bias trading can lead to poor investment decisions by making traders overly reliant on initial data, such as the purchase price of a stock. This article explains what anchoring bias is, how it affects trading decisions, and offers practical…
Overconfidence bias in trading, specifically “overconfidence bias trading,” often leads to poor investment decisions and significant losses. In this article, we’ll discuss how overconfidence influences traders, ways to identify this bias in yourself, and strategies to reduce its impact on…
Are your trades really based on sound judgment, or is confirmation bias in trading steering you off course? Traders often unknowingly let their preconceptions change their analysis of the markets, leading to costly mistakes. This article zeroes in on confirmation…
Hindsight bias trading is when traders think they ‘knew it all along’ after market events happen. This can lead to overconfidence and risky decisions. In this article, we’ll break down hindsight bias trading, its impact, and strategies to overcome it….
