2024-12-20 07:13
IndustryOvercoming Trading Biases
1. Confirmation Bias
Avoid seeking information that only supports your existing beliefs.
Regularly challenge your assumptions.
2. Loss Aversion
Recognize that avoiding losses can lead to missed opportunities.
3. Anchoring Bias
Don’t rely too heavily on initial analysis; adapt to changing conditions.
4. Recency Bias
Avoid assuming recent trends will continue indefinitely.
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Overcoming Trading Biases
Hong Kong | 2024-12-20 07:131. Confirmation Bias
Avoid seeking information that only supports your existing beliefs.
Regularly challenge your assumptions.
2. Loss Aversion
Recognize that avoiding losses can lead to missed opportunities.
3. Anchoring Bias
Don’t rely too heavily on initial analysis; adapt to changing conditions.
4. Recency Bias
Avoid assuming recent trends will continue indefinitely.
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