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re: Separating emotions from equity trading
Posted on 12/4/12 at 4:46 pm to Tmacelroy12
Posted on 12/4/12 at 4:46 pm to Tmacelroy12
The exact name escapes me, but behavioral finance talks about false positives and false negatives. For example, if a stock does well and you bought it, you're a genius. If you're a genius then you have to be able to pick any stock. We also tend to look at the winners we've picked harder than the losers. If we purchase a stock that goes down, it's not because we made a poor decision, but because some external factor was unavoidable.
Very interesting stuff that you should always be aware of and fighting when trading.
Very interesting stuff that you should always be aware of and fighting when trading.
Posted on 12/4/12 at 7:47 pm to Tenforty1728
quote:
The exact name escapes me, but behavioral finance talks about false positives and false negatives. For example, if a stock does well and you bought it, you're a genius. If you're a genius then you have to be able to pick any stock. We also tend to look at the winners we've picked harder than the losers. If we purchase a stock that goes down, it's not because we made a poor decision, but because some external factor was unavoidable.
Overconfidence bias.
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