When Conviction Becomes the Trap
A breakout creates relief.Relief becomes confidence.Confidence becomes conviction.Then the evidence changes—but the belief remains.In this episode, IM7 Intelligence examines how Belief Perseverance, Overconfidence, and Commitment Bias can cause traders to defend an outdated thesis instead of responding to new market evidence.The lesson is simple:Confidence is not the danger.The danger begins when confidence stops you from asking questions.Read the full behavioral finance analysis:https://im7intelligence.com/articles/belief-perseverance-tradingIM7 IntelligenceRead the market’s emotion before…
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