Trading Biases

[Tomanyiron]

I have seen this in myself and I think I see it in others in some of the forum comments. I guess we like to think of ourselves as immune to being swayed, but I think that is not what often happens.

"Psychological Biases We all have these innate tendencies to think, judge, and behave in irrational ways that often violate sensible logic, or good judgment. The average person is unaware of these inherent psychological inefficiencies, despite the frequency with which they arise in our daily lives and the regularity with which we fall victim to them.
Below are eleven of the most common tendencies, chosen for both their prevalence in human nature and their relevance to investing in the financial markets. If you can recognize these psychological predispositions in your thought process, it will help in your decision making."

https://stockcharts.com/school/doku.php ... ive_biases

[Carmen909]

You’d like Richard Thaler’s books, Nudge and Misbehaving. Thinking Fast and Slow by Daniel Kahneman is also good. These books completely changed how I think about my own behavior when it comes to finances.