{"id":32228,"date":"2013-10-06T19:57:03","date_gmt":"2013-10-06T23:57:03","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=32228"},"modified":"2023-08-02T16:41:56","modified_gmt":"2023-08-02T20:41:56","slug":"enhancing-performance-with-bias-awareness","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/enhancing-performance-with-bias-awareness","title":{"rendered":"Enhancing Performance With Bias Awareness"},"content":{"rendered":"

******One blogger\/trader\/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. SMBU thought a Sunday Links post from him would be of interest to the SMB Trading Community. Below is his first for you. We hope you enjoy!******* Editor’s note<\/p>\n

A cognitive bias is ever present when making decisions. There are numerous cognitive biases, particularly when decisions are required under duress or in an environment of uncertainty, much like we find when making stock trading decisions, where uncertainty is ever present and the pressure to act and react a constant variable. <\/span><\/p>\n

The veteran trader knows that technical analysis serves little purpose when cognitive biases are ignored; therefore, the serious trader studies the market only after an honest self assessment of the possible cognitive biases affecting the next trading decision. <\/span><\/p>\n

The following articles on cognitive biases can\u00a0guide us in the\u00a0study of the self and, in turn,\u00a0better help us navigate and understand the patterns and habits that our very biases create in the first place. <\/span><\/p>\n

    \n
  1. A visual study guide<\/a> to cognitive biases <\/span><\/li>\n
  2. Investors’ 10 Most Common Behavioral Biases<\/a> <\/span><\/li>\n
  3. Exploiting Cognitive Biases For Positive Gain\u00a0\u2014 47 Cognitive Biases<\/a> <\/span><\/li>\n
  4. \u201cA key idea in psychology is that you are less likely to fall prey to information-processing biases if you are fully aware of those biases.\u201d\u00a0\u2014\u00a0 Brett Steenbarger<\/a> <\/span><\/li>\n
  5. \u201cLearning how to say no is one of the most useful skills you can develop, especially when it comes to living a more productive and healthy life.\u201d\u00a0\u2014 A Scientific Guide to Saying No<\/a> <\/span><\/li>\n
  6. \u201cSome social psychologists believe our cognitive biases help us process information more efficiently, especially in dangerous situations. Still, they lead us to make grave mistakes. We may be prone to such errors in judgment, but at least we can be aware of them.\u201d\u00a0\u2014 The 12 Cognitive Biases That Affect Your Rationality<\/a> <\/span><\/li>\n
  7. \u201cPerception is reality in the financial markets.\u201d\u00a0\u2014 12 Ways Traders Let Their Brains Get in the Way of Rational Investing<\/a> <\/span><\/li>\n
  8. \u201cIn the highly anticipated Thinking, Fast and Slow<\/span><\/i><\/em>, Kahneman takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think.\u201d\u00a0\u2014 Daniel Kahneman, How We Think<\/em><\/a> <\/span><\/li>\n
  9. \u201cBecoming mindful of these common cognitive distortions will help you understand yourself and other people better, and improve your decision making.\u201d \u2014 50 Common Cognitive Disorders <\/span><\/li>\n
  10. \u201cAll else being equal, not many people would prefer to destroy the world.\u201d \u2014 Cognitive Biases Potentially Affecting Judgment<\/a><\/span><\/li>\n<\/ol>\n

    David Blair<\/span><\/b><\/p>\n

    THE CROSSHAIRS TRADER
    \n<\/span>www.thecrosshairstrader.com<\/span><\/span><\/b>
    \nhttp:\/\/www.thecrosshairstrader.com\/crosshairs-blog\/<\/span><\/p>\n

    No relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

    ******One blogger\/trader\/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. SMBU thought a Sunday Links post from him would be of interest to the SMB Trading Community. Below is his first for you. We hope you enjoy!******* Editor’s note A cognitive bias is ever present … Read More<\/a><\/p>\n","protected":false},"author":1042,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1935,1,1532,455],"tags":[3442,894,2444,3443,2449,4703,2448,2445,4690,207],"class_list":["post-32228","post","type-post","status-publish","format-standard","hentry","category-david-blair","category-general-comments-2","category-guest-blog","category-trading_psychology","tag-awareness","tag-bias","tag-daytrading","tag-enhacing-performance","tag-how-to-be-a-day-trader","tag-learn-trading","tag-prop-trade","tag-trading-careers","tag-trading-education","tag-trading-stocks","no-post-thumbnail"],"yoast_head":"\nEnhancing Performance With Bias Awareness | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/enhancing-performance-with-bias-awareness\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enhancing Performance With Bias Awareness | SMB Training\" \/>\n<meta property=\"og:description\" content=\"******One blogger\/trader\/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. 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