What strategies can you use to avoid herd mentality and groupthink when making investment decisions?
Herd mentality and groupthink are common psychological biases that can affect your investment decisions. They refer to the tendency to follow the crowd or conform to the opinions of others, even if they are irrational or wrong. This can lead to poor performance, missed opportunities, and increased risk. How can you avoid these traps and make independent and informed choices? Here are some strategies you can use to improve your technical analysis skills and overcome herd mentality and groupthink.
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Momen ElsadyWealth Management Expert | Financial Strategist | Advanced Options Trader
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Karthick JonagadlaMD & CEO @ Quantace | Beat the Passives, Active Investing Rocks | Conducted 200+ Failed Experiments in Quant for Equity…
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Yemmie Olaleye (CMSA?, FTIP?) ?I help individuals make informed & strategic decisions in the financial market; impacting with charts. Market Analyst|…