Friday, May 7, 2010

Cognitive Bias Song


You might have friends who are guilty of many of these biases. In trading many professionals are guilty of these biases. I'm guilty of a representative bias because I feel most trading professionals are always bullish on the market. I've been guilty of many of these. Right now I'm completely guilty of anchoring bias and I feel the market will crash down below the March 2009 lows. Today should be an interesting day in the market.

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