How Memory Affects Your Trading

The emotions we feel and the actions we take are largely dependent on how we remember things.  This is because we use our memories to learn.  We might think something like “I remember the last time this happened. I did that and got a favorable result, therefore I will do that again.”

The challenge however, is that our memories aren’t as accurate as we think. Not only do we forget things but we often remember things incorrectly.  This is especially true when the memories are vivid and we’re most likely to think they’re accurate.
Vivid memories are usually vivid because they happened when we were in a highly emotional Read more […]
SMB Capital – Day Trading Blog

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