The Biased Mind by Cole Marshall

The Biased Mind

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Description

You do not lose money at the desk because you lack a strategy. You lose it because, in the half-second before you click, your own mind has already rigged the decision — and then hidden the wiring from you. The Biased Mind is the first volume of The Trader's Mind, a four-volume compendium that does what the trading-psychology shelf almost never does: it sources every claim and refuses to overclaim. This volume is built deliberately on the most replicated findings in behavioral finance and judgment under uncertainty — prospect theory and loss aversion, the disposition effect, overconfidence and overtrading, mental accounting, framing and anchoring, recency, and the way private bias surfaces in market price itself. Every empirical claim is tied to its original study. Where a finding was measured on long-horizon investors rather than intraday futures traders, the book says so on the page and calls the carry to your screen what it is: the author's reasoned extension, not a measured result. Contested and replication-fragile material is explicitly held back for later volumes — Volume I stands only on what holds. It closes with a recalibration toolkit: a bias self-audit, mechanism-derived practice, a decision journal, and a pre-trade checklist. Written as a coach speaks, not as a textbook reads. Standalone-readable. What you will learn: - How the architecture of a bad trading decision is assembled before you are aware of it - Why loss aversion and the disposition effect make you cut winners and nurse losers - How overconfidence quietly converts into overtrading and fee drag - The way anchoring, framing, recency, and mental accounting distort the position you hold and the yardstick you judge it by - How individual bias becomes visible in price action itself - A bias self-audit and pre-trade checklist you can run tomorrow morning Who this book is for: Serious retail and aspiring-professional futures traders — primarily CL, ES, NQ on 5-minute charts — who are tired of trading-psychology books that sound certain and cite nothing. If you want a claim you can trace to where it was established and something you can do about it at the next open, start here. The Trader's Mind, Volume I — The Biased Mind. Trading involves substantial risk. This book is education, not investment advice.

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