Searching For Confirmation

Tuesday, April 21, 2009

"Another challenge is the nature of beliefs held by each trader. Traders become attached to their beliefs and find themselves trading what they believe rather than what they see in front of them. They search continually for confirmation that they are right and the markets are wrong."

Janice Dorn, a financial psychiatrist and gold futures trader
Investor's Business Daily, "Try Putting Your Bad Trades On The Couch" (April 21, 2009)


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