TRADER
In trading, one of the most common mistakes is not in the markets, the charts, or the numbers, but in OUR OWN MIND. And the worst part is that many times we are unable to see it. Daniel Kahneman, psychologist and Nobel Prize in Economics, left us a key teaching: we struggle to admit mistakes because it forces us to abandon the safety of our beliefs, even when they no longer serve us.
It's curious, isn't it? We prefer to cling to what feels familiar, even if it is leading us to failure, because change scares us. The fear of the unknown—of stepping out of our mental comfort zone—paralyzes us, even when we know that the path we are following is leading us to ruin.