Owners Bias

#Education
Owner Bias: when you own something you always think it’s value will increase in the future.
To prevent this always do your analysis before entering any trade! When you enter the trade, do not looking for evidence to confirm the decision you made! It is useless and waste of time! You have to look for evidence that contradicts your previous decisions to save your capital and profits!

Previously I wrote”Don’t love your stocks because they don’t fall in love with you”.
Having said that,It will prevent the consequences of feeling worthless when your love (stock, option, commodities)betray you! If you do not have NEUTRAL MINDSET, you will experience all these stages after any loss you make in the market.

The five stages of grief are:
* denial.
* anger.
* bargaining.
* depression.
* acceptance

Last week when for the first time the portfolio ended with loss I feel so bad, but when I look at the evidence, I noticed I finished 5/6 in positive (83.5%), so I’m able to find a way in this big market for the next week!
Copping with your loss makes you stronger..! Believe me!