Add/Modify Defination
👽 Cognitive Biases

Confirmation Bias

We tend to find and remember information that confirms our perceptions. Sticking with information that validates our own point of view and dismissing any input that conflicts with our reasoning.

HOW TO OVERCOME
When everything is confirming your market view, think again. Look for reasons against making a trade and not for it.

Example: Read the one star/bad reviews about your favourite books/movies, learn how to see the other point of view

Categories:
👽 Cognitive Biases
Related Definition:
Cognitive Biases Definition
More Description:
HOW TO OVERCOME
When everything is confirming your market view, think again. Look for reasons against making a trade and not for it.

Example: Read the one star/bad reviews about your favourite books/movies, learn how to see the other point of view

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