My checklist for the trading psychology! I use the following to check out my own psychology and the psychology of the market,when I try to enter or exit a market,and when I check out the charts. For example,the “Hindsight Bias” is an amazing psychological issue that all chartists suffer from(including myself).
I find the following biases quite helpful in my own trading. So,I just memorized them with the help of ‘mnemonics’. There are other psychological biases too,which I want to memorize in future……
The biases:
- Herd mentality – Herd
- Anchoring bias – Anchor
- Hindsight bias – Hand
- Priming affect – Pump
- Confirmation bias – Con icecream
- Over Optimism bias – Optimus prime
- Illusion of control – Trolly
- Self Attribution Bias – Book selve
- Memory Misinformation Bias – Brain
- Loss aversion – lacchi
mrtq13 