๐ PSYCHOLOGY
Anchoring bias is the tendency to rely too heavily on the first piece of information encountered. In trading, it can cause investors to fixate on arbitrary price levels, distorting fair value assessments and leading to suboptimal decisions.
#trading #education #mirror_market
โ ๏ธ Educational only ยท Not financial advice
Anchoring bias is the tendency to rely too heavily on the first piece of information encountered. In trading, it can cause investors to fixate on arbitrary price levels, distorting fair value assessments and leading to suboptimal decisions.
#trading #education #mirror_market
โ ๏ธ Educational only ยท Not financial advice