Trading Psychology
18 lessons in this track so far, in the order we suggest reading them.
Emotions and Behavior
BeginnerDisciplineDiscipline means following your trading plan even when emotions push against it. Learn why it breaks down and practical systems that make it easier.BeginnerFear and GreedFear and greed push traders to exit early, hold losers, oversize and chase. Learn how each emotion shows up in your trades and practical ways to manage both.BeginnerFOMOFOMO, the fear of missing out, pushes traders to chase moves and buy tops. Learn why it happens, how to spot it in your trades and habits that break it.BeginnerOvertradingOvertrading means taking too many trades or too much size, raising costs and lowering quality. Learn the warning signs, research on active traders and how to stop.BeginnerRevenge TradingRevenge trading is trying to win back losses fast with bigger or unplanned trades. Learn the warning signs, why the brain does it and rules that stop the spiral.BeginnerTiltTilt is a state of emotional frustration that wrecks decision making. Learn its types and early warning signs, and build a plan to stop trading before it costs you.BeginnerHesitationHesitation makes traders skip valid setups or enter late after losses. Learn its causes, its real cost and how to trade your plan with confidence.BeginnerEmotional ControlEmotional control means acting on your plan despite fear, greed or frustration. Learn practical techniques: smaller size, routines, breaks and process goals.BeginnerMental State TrackingMental state tracking means rating your mood, sleep and focus before trading and linking it to results. Learn a simple scoring system and how to use it.
Cognitive Biases
IntermediateLoss AversionLoss aversion means losses feel about twice as painful as equal gains feel good. Learn the research, how it damages trading and practical ways to counter it.IntermediateDisposition EffectThe disposition effect is the habit of selling winning trades too early and holding losers too long. Learn the research, what it costs and how to reverse it.IntermediateRecency BiasRecency bias makes recent events feel more important than they are. Learn how it distorts strategy judgement, risk and market views, and how to counter it.IntermediateConfirmation BiasConfirmation bias makes traders seek evidence that supports their view and ignore what contradicts it. Learn how it shows up and simple habits that counter it.IntermediateOverconfidenceOverconfidence makes traders overestimate their skill, which leads to oversizing and overtrading. Learn the research, warning signs and how to stay grounded.IntermediateGambler's FallacyThe gambler's fallacy is believing past random outcomes change future odds. Learn how it shows up after streaks and in prediction markets, and how to avoid it.IntermediateSunk Cost FallacyThe sunk cost fallacy keeps traders in bad positions because of money already lost. Learn how it works, how it differs from loss aversion and how to break it.IntermediateAnchoringAnchoring makes traders rely too heavily on one reference number, like an entry price or an old high. Learn how it distorts decisions and how to adjust properly.IntermediateHindsight and Outcome BiasHindsight bias makes the past look predictable and outcome bias judges decisions by results. Learn why both mislead traders and how to review trades properly.