Trading on Illusions: Unrealistic Perceptions of Control
Trading on Illusions: Unrealistic Perceptions of Control. We ask Mark Fenton-O'Creevy: Professor of Organisational Behaviour. PLEASE LIKE AND SHARE so we can bring you more! The illusion of control is about believing you have control on things that outside of your control. We've found there is a strong relationship in that the higher the illusion of control, the lower the traders' performance. What is that telling us is that the lower your illusion of control, the great your focus and better your expectations. Illusion of control are a big issue for private traders. Brokers will often provider a demo or simulation platform of their live trading platform...
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