Confirmation Bias Could Make You Lose Money When Investing: An Experiment | Money Mind | Investment

Can the way you think help you earn - or lose money? Dawn Tan tries out a little experiment on how confirmation bias can affect the way you invest.
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[@tuapuikia]

When you make money, you might feel like you've outsmarted others, but this can lead to increased risk.
When you lose money, it's natural to blame yourself and possibly even others. However, dwelling on blame isn't productive.
The best approach is to consume both positive and negative news, analyze it critically, and plan your investments carefully.
As a backup strategy, consider researching companies that investment banks are backing and diversifying your portfolio across different sectors.

[@yekai7599]

I will chooswe choice 2 from the start. 50% lose 5%, 50% make 30%, In long run, 100% make 12.5% mathematically.

[@samueltan9642]

Actually, if i had already chosen a low risk investment, i wouldn't choose to read the bullish news 🤔

[@Funtasticado]

Haha great thumbnail

[@tkyap2524]

Investing is the euphemism of gambling. It carries risks in one form or another. It's an old vice.