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| | | | | Hot Hand | | The notion that because one has had a string of successes, he or she is more likely to have continued success. For example, if one flipped a (fair) coin and guessed correctly that it would land on heads three times in a row, it might be said that they have a "hot hand." Under such circumstances, a person believes that their odds of guessing which side the coin will land on next are greater than the 50% they actually are. | | | Investopedia Says: | | The belief in a hot hand is one shared by many gamblers and investors alike, and is believed by psychologists to stem from the same source, the representative heuristic... Learn More | | | | | | | | | | | | | The Art Of Cutting Your Losses | | In this article, we'll help you stand out from the crowd and show you how to identify when you should make your move... | | | | | | | | | Master Your Trading Mindtraps | | Traders are only human and, as such, perfection may not exist in trading. However, profitable trading can be achieved when... | | | | | | | | | | | | | | |
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