Are your trading profits stuck in a rut? Learn why your past could be the reason and how to turn the tide in your favor! Somesh dives deep into the concept of hindsight bias and how it can wreak havoc on your trading decisions. He explains how looking back on past winning trades with rose-colored glasses can cloud our judgment and lead us to make risky decisions in the present.

In this episode, Somesh discusses:

• The trap of hindsight bias that leads to flawed decision-making
• Strategies to overcome emotional exits and impulsive decisions
• The limited food on the table analogy - take what you need and avoid greed
• The power of learning from both personal and others’ trading experiences
• The three questions to ask yourself before a trade
• Learning from past mistakes but not letting them influence current decisions

Memorable Quotes:

“If you let your past rates control you moving forward, you’re going to cloud your judgment and you’re going to blow up.”

“We learn from other people’s experiences. But why don’t we do that in trading?”

“Whatever happened in the past had absolutely no relationship with the trade that you’re about to take right now.”

Resources:

Somesh S (@kay_capitals) on Instagram

Kay Capitals on YouTube

Somesh (@KayCapitals) on X

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