๐ง PSYCHOLOGY #11: CONFIRMATION BIAS - THE SILENT ERROR
You have already decided: "BTC will rise"
Then you:
โ
Read ONLY bullish analyses
โ
Ignore bearish signals
โ
Interpret EVERYTHING as confirmation
"See? This candle confirms my thesis!"
(But it was a neutral candle)
๐ THE PROBLEM:
Your brain SEEKS what confirms your belief.
Ignores what contradicts.
Result: You hold a losing position because "it will come back".
๐ฌ STUDY:
76% of traders cherry-pick data that confirms prior bias.
Only 12% actively seek counterpoints.
๐ก THE TEST:
Before entering a trade, FORCE YOURSELF to list:
โข 3 reasons to RISE
โข 3 reasons to FALL
If you can ONLY list reasons on one side?
Confirmation bias is blinding you.
Do you do this? Or do you enter "on faith"?
$BTC $SOL $AVAX #TradingPsychology
#Bias