Psychology and Discipline
The biases that cost investors and traders money, loss aversion, overtrading, keeping a trading journal, and sticking to a plan. Free and plain language.
Most plans fail in the head, not the spreadsheet. The biases that cost investors and traders money, loss aversion, overtrading, keeping a journal, and how to stick to a plan you wrote in a calmer moment.
Lessons in this track
- Cognitive biases in investing and trading Confirmation, anchoring, recency, herding and hindsight bias explained with market examples, the research behind each, and a simple check for every one.
- Loss aversion and the disposition effect Why losses hurt more than gains feel good, what prospect theory says, and why investors and traders tend to sell winners and hold on to losers.
- Overconfidence and overtrading What the research found about overconfidence and overtrading, how turnover costs compound, and simple checks investors and traders use to trade less.
- How to keep a trading journal that improves your decisions What to write in a trading journal, a simple daily, weekly and monthly review routine, and how to measure rule-following separately from profit and loss.
- How to stick to a trading or investment plan Why plans break under pressure and the tools that hold them: written rules, checklists, if-then plans, pre-commitment and automatic contributions.
Continue
Agenticks Learn is general education. It is not financial, investment, tax or legal advice, it does not take your situation into account, and nothing on it is a recommendation to buy, sell or hold any security or to open any account. Examples use illustrative numbers. Investing involves risk, including losing money you put in, and past performance does not predict future results. Tax rules and limits change; the official sources linked in each lesson are the final word.