Trading After Losses: How P&L Affects Risk-Taking
Why do traders take more risk after losses? A study of professional traders reveals how loss aversion, P&L and the break-even effect influence trading decisions.
Probability Matching in Trading: Why Traders Make Bad Decisions
Learn how probability matching affects trading decisions, why traders choose low-probability outcomes, and how mistakes can improve trading performance.
Are Profitable Trades Always Good Trades?
A profitable trade is not always a good trade. Learn how outcome bias affects trading decisions, risk management, discipline and the way traders evaluate performance.