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418: "The Mental Game of Trading" - Jared Tendler
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
The Challenge of Converting Hindsight into Foresight
Hindsight bias makes it seem easy in retrospect to know the right actions to take, leading to overconfidence and false expectations for future decisions. Converting hindsight into foresight is challenging as it requires acknowledging the limitation of one's abilities and not assuming that past insights guarantee future success.
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