august 22,2024
Businessdynamixco.com
Trading
Many traders believe they can control the market, but in reality, most of their actions only influence their perception of control.
The psychological pain of losing is about twice as intense as the pleasure of gaining the same amount.
Traders often give more weight to recent events, ignoring long-term trends, which can lead to poor trading decisions.
Frequent trades are often a sign of underlying anxiety or a need for constant validation, rather than a solid strategy.
Traders often cling to past success strategies, even when market conditions have changed, leading to repeated mistakes
Most traders believe they are better than average, leading to riskier decisions that can backfire.
More options often lead to indecision and poorer choices, overwhelming traders with too much information.
Traders often treats trading as a gamble without any perfect stratergies