Trading: from competency to skill
Trading in financial markets is often misunderstood as simply “buy low, sell high.” While that’s the core concept, becoming a successful trader requires much more than knowing the basics. It is a journey from competency—the ability to understand and perform...
Novice Traders Mistakes: How to Avoid Common Pitfalls in Trading
Trading in financial markets—whether forex, stocks, commodities, or cryptocurrencies—can be highly rewarding, but it’s also full of challenges. Novice traders often make mistakes that can quickly erode their capital and confidence. Understanding these common errors is crucial for building a...
Blindfolded on a Mountain Range: A Journey of Trust, Instinct, and Resilience
Imagine standing at the edge of a mountain trail, the wind whipping around you, jagged peaks rising on every side, and the sheer drop beneath your feet. Now imagine that you’re blindfolded. Every step becomes a test—not just of your...
Escalation of Commitment and the Sunk Cost Fallacy
In decision-making, psychology often plays as big a role as logic or data. Two closely related behavioral concepts—escalation of commitment and the sunk cost fallacy—illustrate how human emotions, past investments, and cognitive biases can drive irrational decisions. These concepts are...