Synapse Trading

  Introduction Overconfidence bias is a cognitive bias that affects people's confidence in their abilities. It is often cited as a factor behind why some people are more likely to take risks than others, and it also has a significant impact on decision-making in fields such as finance and business. In this article, we'll explore how overconfidence bias affects an ascending triangle  pattern - one of the most commonly used technical trading indicators. Theoretical Framework There is a cognitive bias and overconfidence bias which is the tendency to overestimate one's own abilities and underestimate others'. This can lead to making incorrect decisions. Overconfidence bias can affect decision-making in a variety of ways, including when making choices between risks and rewards, in competitive situations, and when assessing one's own characteristics. One study found that individuals who scored higher on measures of overconfidence were more likely to choose a high-risk op...

  As of late, a book was released,  Die with zero  by Bill Perkins, which set forth an intriguing idea to design your funds so you kick the bucket with nothing, rather than the standard exhortation to store a huge amount of cash to live off the premium/profits, and pass on with the capital.  The trading guide book says the following: How long would it be a good idea for you to trade for cash?  Life energy is every one of the hours that you're alive to get things done—and at whatever point you work, you invest a portion of that limited life energy. So any measure of cash you've acquired through your work addresses the measure of life energy you went through bringing in that cash.  On the off chance that you kick the bucket with additional cash, it implies you have forfeited hours of your life for that cash, which successfully implies you have squandered those hours of your life.  This implies that there is an ideal measure of work you should do to carry...