Why Normal Human Thinking Fails | OVTLYR University Lesson 4
Summary
In this episode of the OVTLYR Live podcast, the host and students discuss why normal human thinking fails in trading, focusing on cognitive biases like hindsight, confirmation, and recency bias. The session covers the importance of probability thinking and being "rigid in the plan, flexible in the outcome" to manage emotions and avoid common pitfalls. The host shares personal stories of account blowups to illustrate these errors and demonstrates how to use TradingView’s bar replay tool for objective backtesting. The goal is to help traders separate observable facts from assumptions to execu…
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