Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

Traders Confirmation Bias...

6 Jun 2023 · 0 min

Watch on YouTube

0:22

A short YouTube video (by Kardec Trader, June 6, 2023) that defines and explains confirmation bias specifically for traders — the tendency to seek only information that supports an existing trade thesis or direction. The provided chunk is an introductory definition explaining how traders selectively look for confirming evidence when deciding to go long or short.

Confirmation bias is basically whenever you hypothetically, let's say, go long or short on a trade, you only look for pieces of information that support your thesis, that supports your direction, that supports your idea. So we as humans, we have this tendency that whenever we want to do anything, be it trading or not trading related, we will only seek information that once again supports what we are looking for.