Master Betfair Trading Mentality – The Psychology of Trading!
This video will help you deal with the mentality side of Betfair trading. Several cognitive biases can sabotage a Betfair trader’s decision-making process:
Confirmation Bias: When traders unknowingly lean towards information that confirms their pre-existing beliefs.
Loss Aversion: The pain from a loss often feels twice as intense as the joy from a similar gain.
Herd Mentality: It’s risky to follow the crowd, especially if it means deviating from a well-laid plan.
Which is why you need to develop your own trading strategy and then you’ll want to be able to answer these 15 questions every trader should have in their toolbox here: https://docs.google.com/document/d/1l_ZL7yaYyrIVN_wqUP2wGaSBIHutl9GQZdzuyQ_b3F4/edit?usp=sharing
———————————————RESOURCES———————————————-
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