By Sofia Harchich | Trading Psychologist & Behavioural Finance Writer | thewealthmirror.com Recency bias trading is easiest to detect not in what a trader thinks, but in the number they type into the size field. Ask most traders whether four winners in a row makes the fifth trade more likely to work, and the answer…
By Sofia Harchich | Trading Psychologist & Behavioral Finance Writer thewealthmirror.com Panic selling psychology is almost always written for the wrong moment. The advice arrives calm and reasonable: stay rational, zoom out, remember your time horizon, do not act on emotion. All of it is correct, all of it is written by someone at a…
By Sofia Harchich | Trading Psychologist & Behavioural Finance Writer | thewealthmirror.com Trading journal psychology has a well-documented problem: most journals are kept faithfully for months and change nothing. The entries are honest, often insightful, and frequently very well written. The behaviour they describe continues unaltered. Traders who notice this usually conclude they are journalling…
By Sofia Harchich | Trading Psychologist & Behavioural Finance Writer | thewealthmirror.com Money and self-worth are usually examined through a losing month, which is the wrong experiment. A losing month tells you very little, because everyone feels worse when they have lost money and the effect is confounded with the ordinary discomfort of the loss….
By Sofia Harchich | Trading Psychologist & Behavioural Finance Writer | thewealthmirror.com Ego in trading psychology has exactly one piece of standard advice attached to it, and the advice is: get rid of it. Leave your ego at the door. Trade without ego. The market does not care about your ego. It appears in every…
By Sofia Harchich | Trading Psychologist & Behavioural Finance Writer | thewealthmirror.com The neuroscience of trading under stress has become the most confidently cited body of science in an industry that rarely reads it. Three claims do most of the work. Your prefrontal cortex shuts down. Your amygdala hijacks the decision in milliseconds. Cortisol makes…
By Sofia Harchich | Trading Psychologist & Behavioural Finance Writer | thewealthmirror.com Tools to track emotional trading patterns are usually chosen from a feature list, before anyone has settled what actually needs to be captured. The result is predictable: a complete record of trades, no record of behaviour, and a conclusion two months later that…
By Sofia Harchich | Trading Psychologist & Behavioural Finance Writer| thewealthmirror.com Exiting trades too early receives a fraction of the attention given to holding losers, and the imbalance is not justified by the arithmetic. A loser held past invalidation costs a defined amount — the distance from the stop to wherever it was finally closed….
By Sofia Harchich | Trading Psychologist & Behavioral Finance Writer | thewealthmirror.com Risk tolerance psychology has a measurement problem that almost nobody names: the standard instrument asks a calm person to predict the behaviour of an agitated one. Every risk questionnaire works this way. A series of hypotheticals, answered at a desk, with nothing at…
By Sofia Harchich | Trading Psychologist & Behavioral Finance Writer| thewealthmirror.com Why a big trading loss feels personal is a question with a specific answer, and the answer is easier to see across six hours than across six months. What follows is a reconstruction of a single session, built to show why a big trading…
