Dr. Gary Dayton – Traders Mental Blind Spots

These thinking errors, also known as “cognitive biases” and “heuristics,” often lead to wrong trading decisions and trading losses. The cruel irony and danger are you don’t even know you are committing these thinking errors. File Size: 55.33 MB

Dr. Gary Dayton – Traders Mental Blind Spots

Are you aware that normal, “rational” thinking and decision-making could lead to bad trading decisions? Have you ever thought that your trading losses could be caused by thinking errors i.e., mental blind spots? We don’t think much about our thinking, and hence these thinking errors often go unnoticed. Most of us do not know our normal way of thinking and decision-making can be detrimental to our trading.

These thinking errors, also known as “cognitive biases” and “heuristics,” often lead to wrong trading decisions and trading losses. The cruel irony and danger are you don’t even know you are committing these thinking errors. You have worked hard and developed solid technical skills and strategies. Yet you cannot apply these skills and strategies successfully to trading. Did you wonder why?
Covered in this course:
Traders’ common mental blind spots
Why our thinking and decision-making work well in our everyday lives, but fail in trading
Specific key mental blind spots relevant to trading and common to all traders so you will understand what you are likely to encounter in trading
The characteristics of problematic thinking so you will know what to look for
Specific steps you can take to help you think clearly, avoid becoming hijacked by mental blind spots, and help put yourself into the best mental space to trade in your “zone”