Post
Topic
Board Trading Discussion
Re: Trading, emotions and your fine selves
by
tee-rex
on 26/04/2018, 14:05:05 UTC
I like to think of this process as applying 'filters' to my own biases, which I have observed over time in my own behavior and/or actions. Example: after noticing that I frequently act according to some bias (over a certain time frame, on a certain market), I will try to counter this bias by adjusting my current decisions in the opposite directions, e.g. lower my (subjective) probabilities for an upwards scenario to come true in case that, historically, I have suffered from a bullish bias in similar situations.

I kind of understand your approach but wouldn't it be better and more effective to find out where you fail exactly in your strategy and then focus on fixing the broken part in a right way? I mean, not by offsetting one bias by another bias. If your approach works for you, then certainly stick to it, but it may fail you one day. For example, when what you automatically consider a bias is not in fact a bias but actual representation of the market situation.