Trading psychology separates successful traders from the vast majority who surrender capital. Cognitive biases frequently distort rational decision-making during active market hours.
1. FOMO (Fear of Missing Out)
Chasing a green candle after an extended rally usually leads to buying at the exact top before a healthy pullback.
2. Revenge Trading
Attempting to recover a loss immediately by doubling position size leads to compounding losses and emotional exhaustion.
3. Disposition Effect
Cutting winning trades prematurely for small gains while holding losing positions in the hope they break even.
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