4min chapter

The AlphaMind Podcast  cover image

#42 Dr Brian Keating - How Evidence Sometimes Loses Out to Emotion

The AlphaMind Podcast

CHAPTER

Is There a Confirmation Bias in Trading?

I had a big awakening with confirmation bias somewhere around half halfway through my own trading career and till then I found myself becoming very attached to certain views in the market. So looking for confirming evidence I would find myself going towards articles or analysts or fellow traders who I knew shared my view. That was a very very dangerous it took me down some really dark places is that in theory if you've got a position on where the tight stop but you then keep moving the stop because you keep on thinking you're right, you end up doubling up rather than stopping out. But what did happen to me was this I would say I would be stopped out of it but then I would enter it again because I

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