Confirmation bias: Why do you always only look at news that benefits you?

📰 When you go long, you疯狂搜“bullish Bitcoin” and “institutional buying” stories; when you short, you start thinking that “regulatory crackdowns” and “macro bearishness” are the mainstream.
In psychology, this is called confirmation bias: people always tend to seek evidence that supports their own views.
The harm of confirmation bias: it makes you ignore risk, automatically filters out danger signals, and ultimately leaves you trapped when the trend reverses.
How to stay objective?
1️⃣ Actively look for opposing views: when going long, force yourself to look at 3 reasons that are bearish. If the bearish reasons don’t hold, your long positions are safer.
2️⃣ Respect the order book, not your opinions: news is only a supplement—the candlesticks and trading volume are what really get hammered out. When price action doesn’t match your expectations, believe the price action.
3️⃣ Regularly “clear” yourself: on weekends, don’t read any analysis, let your brain rest, and on Monday come back with a fresh, empty-cup mindset to look at the market.
💡 Today’s quote: The market is always right; what’s wrong is only your bias.