RE:RE:RE:RE:My relaitonship with CXRMarwood wrote: Roger87 wrote:
You are probably right. I already feel better, despite me realizing that loss.
I felt better too, after clearing out (weeks ago). Making the commitment to 'move on' has probably dumped a sh!tload of dopamine into your system after months of stress. I would honestly like to thank Lattice, for the immediate 'high' after heeding his warnings and selling, and give him credit for being able to allocate money I would have lost, to shorting energy and oil, for which I've greatly gained.
(Availability heuristic + Confirmation bias + Cognitive dissonance + Gambler's Fallacy) *10 = CXR Long
That. I'd add since we're in behavioral economics that the longs' judgement of risk/reward is upside down. The common conception being that the greater the risk, the higher the perceived reward of an investment will be. In this case, the more they think it's going to shoot up, the more they like it, the more they like, the less they think it's a risk. In truth, the risk of losing money on CXR has been real for quite some time. Again, possibility of a strong gain vs the probability of one.