Episode Details

Why do intelligent investors repeatedly make irrational decisions with their money?

In this special simulcast episode of Talking Trading, Louise Bedford and Australian property investment expert Michael Yardney explore the cognitive biases that quietly influence traders, property investors and long-term investors alike.

Together, they unpack five powerful behavioural biases:

• Confirmation bias
• Loss aversion
• Recency bias
• Anchoring
• Overconfidence

Why do traders ignore information that contradicts their position? 

Why are small losses so difficult to accept? Why do investors assume recent market conditions will continue? Why do we become emotionally attached to old prices? And why can a winning streak actually make an investor more dangerous?

Louise and Michael compare trading psychology with property investor psychology and reveal why the same behavioural mistakes appear across completely different asset classes.

You'll also discover why predefined rules, risk management, record keeping and a strong investment process can help protect you from decisions driven by emotion.

If you're interested in trading psychology, behavioural finance, investor psychology, ASX trading, Australian sharemarket investing, property investing, cognitive biases, risk management or long-term wealth creation, this episode offers practical insights into the psychology behind investment decisions.

Because while the investment might change, the psychology doesn't.

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Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.

For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.

www.tradinggame.com.au
www.talkingtrading.com.au.
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