Hindsight and rear-view 20-20 vision! The bane of most things human. Always easier to recall where we would have made gains and ignore our potential losses! The calculated approach will be to have a dummy track of ALL the market plays one would have considered and compare with your actual plays in the market. Easy to do this as most platforms offer a dummy account so one can trace your actual plays with the proposed but ignored ones. The dummy account thus serves as a blind to hindsight bias. Over time, one can determine if their gut feeling should be followed, or left to its intestinal meandering!
Hindsight bias serves its purpose but acts as as hindrance in investing. Excellent idea on tracking all market plays using a dummy account. It will enable us to see our flaws as you rightly pointed out. Awesome contribution.
Great article. Welldone👊👊👊
Hindsight and rear-view 20-20 vision! The bane of most things human. Always easier to recall where we would have made gains and ignore our potential losses! The calculated approach will be to have a dummy track of ALL the market plays one would have considered and compare with your actual plays in the market. Easy to do this as most platforms offer a dummy account so one can trace your actual plays with the proposed but ignored ones. The dummy account thus serves as a blind to hindsight bias. Over time, one can determine if their gut feeling should be followed, or left to its intestinal meandering!
Hindsight bias serves its purpose but acts as as hindrance in investing. Excellent idea on tracking all market plays using a dummy account. It will enable us to see our flaws as you rightly pointed out. Awesome contribution.