Trading is often described as an art, leading us to treat it as a subjective process where we can exercise a large degree of discretion.
However, with great discretion comes great anxiety. When we have so much freedom to decide when to take profits and when to cut losses, we begin to fall prey to emotional biases, in particular loss aversion and regret aversion.
With loss aversion, we feel more pain from a loss compared to pleasure from an equal gain. For ...
However, with great discretion comes great anxiety. When we have so much freedom to decide when to take profits and when to cut losses, we begin to fall prey to emotional biases, in particular loss aversion and regret aversion.
With loss aversion, we feel more pain from a loss compared to pleasure from an equal gain. For ...
4
Thank you moomoo for this interactive and engaging learning activity 😃 those of you who keep getting $0.18, don’t give up! You never know when you will strike gold 😎
1