Tag: trader
Understanding Experiential Forecasting Errors: A Guide to Becoming a Better Trader
Have you ever made a decision based on how you thought you would feel in the future, only to realize later that your predictions were completely off? Well, you’re not alone. We humans have a tendency to misjudge our future feelings in reaction to future events, and this phenomenon is known as experiential forecasting errors…
The Disposition Effect: A Trader’s Achilles Heel
Picture this: you’re a trader, navigating the choppy waters of the stock market. You’ve just made a profitable trade and are basking in the glow of your success. But then, a nagging voice in your head tells you to sell, to lock in those gains before they slip away. Sound familiar? Welcome to the world…