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

Traders Improved Trading Podcast

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.

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