Chapter 19 The Impact of Trader Cognition on Trading Behavior(5)
Looking back, it is clear that humans do not always approach decision-making or price estimation from the perspective of a rational economic thinker. As a trader, it is essential to have clarity of thought throughout the decision-making process and not just focus on the outcome. While some people learn from their mistakes after making one error, others may need to make the same mistake multiple times before gaining insight. Unfortunately, some people continue to repeat the same mistakes throughout their lives. While some attribute this to differences in innate
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