Traders Improved Trading Podcast

Mind Over Market: Busting 5 Biases That Burn Your Trading Performance #220


Listen Later

A psychological bias is like a mental shortcut or a pre-programmed response that our brain uses to help us make decisions faster. It's often based on our previous experiences, beliefs, and assumptions. Biases help us make sense of the world around us and respond quickly, especially when we have incomplete information, or when dealing with too much information to take everything in.

However, these biases aren't always accurate and can sometimes lead to errors in judgment. Most times, they can be quite helpful and save you time, but, when it comes to trading, they can lead to traders making costly mistakes.

In this podcast, I go over the 5 most common and most damaging biases that impact our decision-making as traders. 

 

################

My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:

► https://tradeciety.com/academy

 

################

Edgewonk trading journal:

► https://www.edgewonk.com  *** use discount code: tradeciety ***

 

################

► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/ 

Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.

Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.

...more
View all episodesView all episodes
Download on the App Store

Traders Improved Trading PodcastBy Edgewonk / Rolf Schlotmann/ Quantum Trade Solutions GmbH

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

27 ratings


More shows like Traders Improved Trading Podcast

View all
Chat With Traders by Ian Cox and Tessa Dao

Chat With Traders

1,989 Listeners

Pivot by New York Magazine

Pivot

9,747 Listeners

The AlphaMind Podcast by Steven Goldstein & Mark Randall

The AlphaMind Podcast

121 Listeners

The Economics Show by Financial Times

The Economics Show

151 Listeners

The David Lin Report by The David Lin Report

The David Lin Report

44 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

156 Listeners