Invisible gorilla❗️
Gorillas in trading❓
🌀 Have you seen the renowned “invisible gorilla” experiment?⤵️ The intriguing way human observation can falter by ‘Selective attention’, a cognitive blind spot where individuals are so engrossed in a task that they miss other overt activities or cues.
Trading’s Own Invisible Gorillas:
🔺 Overlooking Market Indicators: Analogous to missing the gorilla in the experiment, traders can get hyper-focused on a singular aspect of their strategy, one-time frame or one market indicator, making them overlook other vital signals.
🔺 Tunnel Vision in Strategies: Many traders, especially newcomers, get too anchored to one trading strategy, deeming it their holy grail. This tunnel vision can render them blind to market changes, making their once-effective strategy a potential pitfall.
🔺 Emotional Trading: Mirroring the experiment’s participants, emotional traders, absorbed in recovering losses or chasing a gut feeling, might disregard clear market indicators pointing in a different direction.
📌 A seasoned trader zooms in on specific details and zooms out to capture the bigger picture. Just as the experiment showed participants missing the gorilla while counting passes, solely depending on a one-time frame, strategy, or indicator is like ignoring market “gorillas “.
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