Latest / Breaking News To Trading Moves
Confidence ruins more stock traders than fear.
This episode uses the example of highly paid investment bank traders in London who were tested on a random computer task. They believed their keyboard actions were influencing a chart, even though the chart was random. The lesson is simple: traders often see control where none exists.
That illusion can become expensive. When traders believe they are smarter than the market, they may trade too often, ignore risk, double down on bad ideas and confuse luck with skill.
Key Points Covered
Overconfidence can cost more than fear
Fear may stop a trader from entering a trade, but overconfidence can…
The skinny
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