Module 3 · Lesson 11 · 9 min

Emotional Decision Traps

What you'll be able to do

  • Name five emotional traps (FOMO, panic selling, revenge trading, confirmation bias and sunk cost) and spot them in yourself.
  • Use the "reasons or price?" rule to decide whether to act on a big price move.
  • Set up simple systems (a written plan, a waiting rule, regular buying and a decision journal) that make the decision before the emotion does.

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