Tag Archives: methodology

11 Biases That Affect Traders

By | November 28, 2013

Overconfidence As the name suggested, it is the irrational faith in one’s skills, methodology or beliefs. For example, you see a certain chart pattern and make a maximum leveraged trade, even though you understand that any chart pattern cannot predict market with certainty. Trading excessively after a winning streak also shows overconfidence. Cognitive Dissonance It… Read More »

Traders Journey to sucess

By | September 18, 2012

They are as follows: We accumulate information, we learn- buying books, asking questions, maybe going to seminars and researching what really works in trading. We begin to trade with our ‘new’  found knowledge. We make profits only to give it back very quickly and then realize we may need more knowledge or information. We accumulate… Read More »