StockEducation
The course

Chapter 8 · Risk, portfolio and taxes

The part that is about you

The predictable ways your own judgement will work against you.

49 of 50 · 7 min

Every framework on this site assumes a decision-maker who evaluates evidence consistently. You are not that, and neither is anyone else. Knowing the specific ways this fails is more useful than any indicator.

  • Losses hurt more than equivalent gains please. So people hold losers hoping to break even, and sell winners early to lock in feeling right.
  • You will seek out agreement. Once you own something, contrary information becomes easier to dismiss.
  • Recent events feel more likely to repeat than distant ones, regardless of the actual odds.
  • A crowd feels like evidence. In a market the size of Nepal's, it often just means everyone read the same message.
  • Confidence rises after wins — exactly when position sizes should not.

Saved in this browser only — there is no account to create. Clearing your browser data clears your progress.