In This Episode
- Kids, pencils and confirmation bias
- Why it's dangerous in backtesting
- The one best thing you can do to beat it
What is it and Why it can Lead to Poor Trading Performance
Confirmation bias is when you form an opinion based on evidence that supports your opinion, usually without for looking for evidence to the contrary.
If you don't consider multiple possibilities in trading, you can get blindsided by those other potentials.
Find out how we keep our confirmation bias to a minimum and consider all possibilities.
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