Bonus 8: 5 Thoughts on Psychology - Part 1 Flashcards
1
Q
“Plan Continuation Bias” means…
A
That your plan is no longer valid
Ignoring small pieces of evidence of danger than can kill your account.
2
Q
When you get a wedge at a double bottom, there is less divergence and RSI’s will shot it as less oversold.
A
3
Q
It is very common on a trend reversal for the first 10 bars to make you think it is doing something different to make you think that the bear trend is resuming.
A
4
Q
FOMC Report: Do not trade 1-hour before, or 10-minutes after.
70% of the time there is a big move up and down, and you don’t know which one will win.
A
