Emotions can cloud judgment when making trading decisions from "summary" of Mastering Trading Psychology by Mike Baehr,Andrew Aziz
It's crucial to acknowledge that emotions play a significant role in trading decisions. When emotions come into play, they can cloud your judgment and lead you astray. This can happen when fear, greed, or even overconfidence start to influence your decision-making process. Fear can make you hesitant to make a trade, causing you to miss out on potential opportunities. On the other hand, greed can push you to take unnecessary risks in pursuit of higher profits. These emotions can override rational thinking and lead to impulsive actions that may not be in your best interest. Overconfidence is another emotion that can negatively impact your trading decisions. When you become too confident in your abilities, you may start taking on more risk than ...
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