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Interview With Michael Covel: Masters in Business (Audio)

Masters in Business

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Analyzing Cognitive Errors and the Concept of Hurting in Trading

Exploring the cognitive errors traders encounter when following or going against the crowd, the chapter illustrates how having a solid strategy is crucial in mitigating risks. By comparing the approach to selecting a restaurant in a bustling city, the discussion emphasizes leveraging the crowd as an indicator for profitable trading decisions.

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