Psychology and Trading Discipline
Confirmation bias favours evidence that supports an existing belief. Outcome bias judges a decision only by its result. A journal can separate the planned process from the realised outcome.
Learning outcomes
✓ Explain cognitive biases
✓ Explain a repeatable routine
✓ Explain reviewing a journal
Course curriculum
1. Cognitive biases · 12 min
Confirmation bias favours evidence that supports an existing belief. Outcome bias judges a decision only by its result. A journal can separate the planned process from the realised outcome.
2. A repeatable routine · 12 min
Use a consistent routine to record context, assumptions, size and exit conditions before a simulation. Pause if you cannot explain the exercise in plain language.
3. Reviewing a journal · 12 min
Review groups of simulated trades rather than a single result. Tag process errors and write one concrete change for the next exercise. Virtual results do not predict future returns.