Add/Modify Defination
👽 Cognitive Biases

Bandwagon Effect

Ideas, fads, and beliefs grow as more people adopt them. A tendency to want to conform, be part of the crowd, to do things because others are doing them or believe them.

HOW TO OVERCOME
Something is not true simply because everyone Seems to say so. Never read/listen to market commentaries/news when you trade. Use them only during research time.

Categories:
👽 Cognitive Biases
Related Definition:
Cognitive Biases Definition
More Description:
HOW TO OVERCOME
Something is not true simply because everyone Seems to say so. Never read/listen to market commentaries/news when you trade. Use them only during research time.

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