It's easy to bask in one's own glory and look for a scrape goat when things go South.
It takes a lot of humility to raise one's hand and accept a mistake and to pass the credit's on to your creator when success comes your way.
I'm always reminded of the famous words of a world renowned music composer after winning the prestigious Grammy Award "எல்லா புகழும் இறைவனுக்கே" ...All praise goes to God.
I really appreciate how you highlighted the often-overlooked psychological aspects of trading. The concept of self-serving bias resonates deeply with me, as I've noticed how easy it is to attribute successes to my skills while blaming external factors for losses. Your actionable steps, especially keeping a trading journal and practicing mindfulness, are practical strategies that I’m eager to implement —
Incorporating behavioural finance into your mentorship program sounds like a game-changer, and it's encouraging to see a holistic approach to trading success. Looking forward to more posts that bridge the gap between technical analysis and the psychology behind trading decisions. Thank you for sharing your expertise and helping traders grow both intellectually and emotionally!
Thank you for this insightful post! I completely agree that self-serving bias can significantly distort our trading performance evaluation. From my perspective, it’s crucial for traders to cultivate self-awareness, especially when emotions run high. The idea of using a trading journal is spot on; it forces us to objectively review our decisions. I also think incorporating feedback from mentors or peers could further help in counteracting this bias. What other methods do you suggest for reinforcing this self-awareness in fast-moving markets
You said it absolutely right, sir. Most people rely on luck while trading. And this thought runs through everyone's mind. You explained this very well. Thank you so much, sir.
Great takeaways! Trading really is about more than just the technicals—emotional control is key. Managing biases like self-serving bias is crucial for growth, and tools like journaling and honest feedback make a big difference. Staying humble and learning from both successes and failures is what truly drives progress.
It's easy to bask in one's own glory and look for a scrape goat when things go South.
It takes a lot of humility to raise one's hand and accept a mistake and to pass the credit's on to your creator when success comes your way.
I'm always reminded of the famous words of a world renowned music composer after winning the prestigious Grammy Award "எல்லா புகழும் இறைவனுக்கே" ...All praise goes to God.
I really appreciate how you highlighted the often-overlooked psychological aspects of trading. The concept of self-serving bias resonates deeply with me, as I've noticed how easy it is to attribute successes to my skills while blaming external factors for losses. Your actionable steps, especially keeping a trading journal and practicing mindfulness, are practical strategies that I’m eager to implement —
Incorporating behavioural finance into your mentorship program sounds like a game-changer, and it's encouraging to see a holistic approach to trading success. Looking forward to more posts that bridge the gap between technical analysis and the psychology behind trading decisions. Thank you for sharing your expertise and helping traders grow both intellectually and emotionally!
Thank you for this insightful post! I completely agree that self-serving bias can significantly distort our trading performance evaluation. From my perspective, it’s crucial for traders to cultivate self-awareness, especially when emotions run high. The idea of using a trading journal is spot on; it forces us to objectively review our decisions. I also think incorporating feedback from mentors or peers could further help in counteracting this bias. What other methods do you suggest for reinforcing this self-awareness in fast-moving markets
You said it absolutely right, sir. Most people rely on luck while trading. And this thought runs through everyone's mind. You explained this very well. Thank you so much, sir.
Great takeaways! Trading really is about more than just the technicals—emotional control is key. Managing biases like self-serving bias is crucial for growth, and tools like journaling and honest feedback make a big difference. Staying humble and learning from both successes and failures is what truly drives progress.