Think you have a good memory? Think again 🙃

I give you 10 types of memory bias:

1) Rosy retrospection bias = we tend to remember the past as better than it was
2) Consistency bias = we incorrectly remember our past self as similar to our present self (self-image bias)

3) Mood-congruent memory bias = we better recall memories consistent with our current mood
4) Hindsight bias = we consider past events as being predictable (the knew-it-all-along bias)
5) Egocentric bias = we recall the past in a self-serving way (this happened to ME)
6) Availability bias = we think that memories that come readily to mind are more representative
7) Recency effect = we best remember the most recent information
8) Choice-supportive bias = we remember the options we chose as better than rejected options
9) Fading affect bias = our emotions associated with unpleasant memories fade quicker than emotions linked to pleasant memories
10) Confirmation bias = we tend to interpret memories in a way that confirms our prior hypotheses

So next time you say "I'm sure I remember!" ... :)

You May Also Like

One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

Read
Still wondering about this 🤔


save as q