Channel: UKspreadbetting

Category: Education

Tags: psychological trading mistakestrading biasestrading always in one directionpsychological mistakes traders maketrend biasoptimism biastrading mistakestrading bias

Description: ✅ Trade with our Sponsor Broker: Pepperstone financial-spread-betting.com/ccount/click.php?id=90 📞 Join Mark's TradersMastermind: tradersmastermind.com/trader ✅ Check Mark's Premium Course: price-action-trading.teachable.com ✅ Please like, subscribe & comment if you enjoyed - it helps a lot! Trading Bias Warning. Trading Biases and a Warning. We've discussed before different biases and how they affect us like the anchoring bias, the confirmation bias, trend bias or even optimism bias...etc In this video I want to discuss how these biases can negatively impact your trading if you're not trading under several trading scenarios. Trading out of fear is not a good position to be in. What are some cognitive biases that affect your trading? A common trading mistake is exclusively trading in one direction. ✅ Our channel sponsor for this month are Pepperstone meaning these guys are covering our costs of operation. We only accept reputable and properly regulated providers as sponsors. Please support us by trading with this provider. Pepperstone offer both MT4/MT5 as well as the cTrader trading platform Sign up with Pepperstone: financial-spread-betting.com/ccount/click.php?id=90 📜 Disclaimer 📜 72.8% of retail investors lose money when trading CFDs and spread betting with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Related Videos 5 Common Biases That Impact Trading Decisions 😦😯 youtube.com/watch?v=SnuxLUMxD7w Avoiding Hindsight Bias When Trading! 😯 youtube.com/watch?v=-JE68HTvWdM Selection Bias and Hindsight Bias in Charts and Trading Systems youtube.com/watch?v=OuPBrO3efNo Overconfidence Bias and Illusion of Control 😑 youtube.com/watch?v=72-FfJjJJvE How Overconfidence can Kill Your Trading 😑 youtube.com/watch?v=w-FY6YUGgfY Overconfidence. Stop being Overconfident when Trading! 😣 youtube.com/watch?v=F2-0hMW3gok How to Trade with Conviction and Avoid the Perils of Overconfidence 👊 youtube.com/watch?v=OYxa5hdNVXI Confirmation Bias is Normal, but Dangerous for Investors ☝️ youtube.com/watch?v=w-z4HDdiR_c Motivated Reasoning Understanding its Impact When Trading 💥 youtube.com/watch?v=OmJwpi2AHIE SELF-SERVING BIAS - IS IT SKILL OR LUCK? 🤞 youtube.com/watch?v=AQpJC3zvpjE Trade on a Hypothesis, Not Conclusions 👊 youtube.com/watch?v=1OsBFYsQ-UU Logical Fallacies: The Regression Fallacy & Representative Bias 😏 youtube.com/watch?v=vTKQSFpYJyw Framing Effect: Facts vs Half-Truths & Manipulation 👓 youtube.com/watch?v=aMNOp9qMA2I Don't Let the Markets Surprise You! 😯 Expect the Unexpected! youtube.com/watch?v=01DDiMqZxp8 Trading Biases: Are You Guilty of These? Be Wary of Your Trading Bias ❗ youtube.com/watch?v=N4FgBuDg300 Having No Opinion on the Market is Usually the Right Call ❗❗ youtube.com/watch?v=QskA-J4irZ8 Cognitive Biases that Endanger Traders: Self-Attribution Bias and Anchoring Effect youtube.com/watch?v=7bcsm-1sTwk Trading Psychology: Gambler's Fallacy and Mental Accounting youtube.com/watch?v=zjJ5QPbcAkI It's Not the House's Money, It's Your Money! 💸 youtube.com/watch?v=mHILVKFWKeU Narrative Fallacy that Sabotages Your Trading Mind! 🧠 youtube.com/watch?v=LGWzUKizHJ0