Link: Overconfidence and Underconfidence

Jul 5, 2007: 8:29 PM CST

Dr. Steenbarger recently posted a source entitled Overconfidence & Underconfidence in Trading: Biases in Processing Emotions.

In the post, Dr. Brett discusses objectivity and how we process and recall experiences which lead to performance issues (usually hindrances) in the present. He shares a personal story of how he ‘felt’ relieved/good when he traded poorly and counteracts that with discussing the notion of feeling bad while trading well.

Read the post and see how it incorporates into your own trading and observations. Keeping a journal can help you, and it is important to have other activities outside of trading so that ‘trading is not life’.

At the end of the article, Dr. Brett provides three bonus links to previous posts that you should definitely read.

Also, Dr. Steenbarger recently compiled resources regarding Intuition in Trading. 

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