How Mood Impacts Your #trading
▻https://hackernoon.com/how-mood-influences-your-trading-feb6ac556fcf?source=rss----3a8144eabfe3
How Mood Influences Your TradingMarcel Proust once said:“A change in the weather is sufficient to recreate the world and ourselves.”But if Proust were to go one step further, he’d say that mood is sufficient to recreate the world and ourselves. After all, our mood is strongly linked with what the weather outside is like.Based on our experience as humans, we know all too well that mood can “recreate the world and ourselves”, impacting our thoughts, judgments, and perceptions.For instance, if you’re in a bad mood, you’ll be more pessimistic in your judgment and decision making (Wright and Bower 1992).On the flip side, if you’re in a good mood, you’ll be more optimistic in your judgement, choices and as well as your perception of risk. Happy decision makers are more optimistic about their probability (...)