With the election today, I expect there will be traders who will throw down bets based on emotions or their subconscious biases. 

Now, there is one trait that separates the elite from amateur traders…

The Ability To Manage Their Psyche

You see, the amateur traders will throw down on a trader — when more information hits the tape and damages their position…

And still justify they’re right and some will even add to their position, even when the stock goes against them.

If that sounds familiar to you, don’t worry because it’s happened to me before as well…

There is a fix to this psychological bug known as confirmation bias.

I want to show you why confirmation bias can be detrimental to your trading, and why I believe all traders should avoid this at all costs right now.

How To Get Rid Of Confirmation Bias For Good

Confirmation bias has everything to do with how our brains learn, process, and store information.

It all comes down to the selective process that happens right inside our brains. Our brains are wired to understand data that confirms our beliefs with ease. It’s actually harder for our brains to process data that thwarts our beliefs.

Those with this cognitive issue pick and choose information to believe. Only seeing, hearing, and believing what they want to see and ignoring everything else.

Confirmation bias rearing its ugly head is most often a trait found in 2 personality types.

1. Challenge avoiders — People who don’t like being wrong.
2. Reinforcement seekers — Those want and need to be right.

But the truth is its mindset everyone can fall victim to.

Thanks to the massive amount of data at our fingertips…. Plus how easy it is to get in touch with like-minded individuals…. Pretty much everyone can always find someone who supports the same crazy crap they do.

Confirmation Can Put A Dent In Your Trading Account

This psychological bug has its sights set on your wallet and trading account.

When it comes to trading under the influence of confirmation bias a trader will weed through all the information out there. Retaining only the knowledge that reinforces the trades they want to make.

Here’s a quick example of this: A trader gets into a position, watches it go against them… then they go on Google, blogs, news outlets to try to find one bit of information that justifies why they should still be in the stock… even when they shouldn’t.

This psyche is dangerous in even the best markets…. So you can imagine how the ante has been upped in these turbulent times.

…. And the trader who can’t see both sides of this will pay for it dearly.

This is a hard pill every trader has to learn to swallow… the sooner the better.

I put in the effort every day to ensure the mental bug doesn’t affect my trading.

I look at BOTH sides of things. Examining chart patterns. Read through press releases and identify catalysts.

Then I decide what’s my move and plan out my plan of attack. Making sure my feelings about a company is never what is leading my trades.

I put together this important training session that I believe can help your trading right now.

There are key techniques I utilize that help me remove confirmation bias, and I want to teach you all about them… and how I uncover momentum stocks poised to take off.

Register for the training session here.