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Trading Psychology | Regret Aversion Bias - Would You Rather Be Right, or Avoid Being Wrong? - Synapse Trading
People exhibiting regret aversion avoid taking decisive actions because they fear that, in hindsight, whatever course they select will prove less than optimal. Basically, this bias seeks to forestall the pain of regret associated with poor decision-making. It is a cognitive phenomenon that often arises in traders, causing them to hold onto losing positions for …