The tendency to seek out information that confirms an existing belief while ignoring contrary evidence. Trading psychology concepts like this are a reminder that mastering emotion is often as important to results as mastering strategy or analysis.
The tendency to seek out information that confirms an existing belief while ignoring contrary evidence. Trading psychology concepts like this are a reminder that mastering emotion is often as important to results as mastering strategy or analysis.
It can cause traders to hold losing positions too long, expecting a reversal. At the intermediate level, this becomes increasingly relevant as traders begin refining strategies, tightening risk controls, and reading the market more critically.
Selectively focusing on bullish news while a trade is in a losing long position. Most traders come across this while reviewing charts, monitoring news feeds, or checking their account dashboard, and being able to spot it quickly is a useful practical skill.
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