1️⃣ Attribution Bias
We attribute our success to our brilliant strategies and failures to 'bad luck' and 'manipulations by market makers'. Because of this, we don't learn from our mistakes.

💡 How to avoid: Keep a trading journal where you record the logic behind your decisions, so you can see where you really went wrong and where luck played a role.

2️⃣ Dunning-Kruger Effect
After a couple of successful trades or studying a few guides, we feel like pros and start taking more risks.

💡 How to avoid: Use a DCA strategy, which provides clear limits for your purchases.

3️⃣ Outcome Bias
We consider a trade good if it made a profit, even if we entered without analysis. Conversely, we deem a decision bad if it resulted in a loss, even if we acted correctly.

💡 How to avoid: Evaluate not the result, but the process: analysis, adherence to strategy, and risk management.

4️⃣ Authority Bias
We buy or sell just because a blogger or 'expert' said so. First, we buy based on Musk's tweets, then Trump's. And later, there's no one to blame.

💡 How to avoid: You can listen to anyone, but you must verify for yourself. You are responsible for your capital.

5️⃣ Cognitive Overload
An excessive amount of charts, signals, tweets, and opinions paralyze or lead to chaotic trades.

💡 How to avoid: Keep only what is important, throw the rest away. You don't need to read everything to make quality decisions.