CryptoHacker Noonabout 8 hours ago
Myopic Loss Aversion: The Trader's Silent Killer
3 min read
Checking a P&L ten to fifty times daily incurs hidden costs from myopic loss aversion. Equities close green on 55% of days but are positive 75% of the time over a year. Kahneman and Tversky showed a loss hurts twice as much as an equal gain feels good.
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