Yesterdays post got me thinking about my tendancy as a human to practice WISHFUL THINKING; what is wishful thinking? A logical fallacy (a misconception resulting from incorrect reasoning)
"In addition to being a cognitive bias and a poor way of making decisions, wishful thinking is commonly held to be a specific logical fallacy in an argument when it is assumed that because we wish something to be true or false that it is actually true or false." Wikipedia
Todays trade might have started with a portion of wishful thinking, namely that 1.0100 would prove as support and see some small bounces, but I was able to squeeze a profit out. See below for trade details;
Duration held: 50min
Pips: +10
Size: 1 lot
No comments:
Post a Comment