How to break bad investing habits (what is behavioral finance)

This video is about why you suck at investing. I know you’ve studied hard, read books and watched hours of personal finance videos. Yet for some reason you really suck at investing. You’ve bought high and sold low, or worse, you’re too scared to invest and you’re kicking yourself for letting opportunities pass you by. It’s why you’re still stuck working your 9 to 5 and feel like you’re never going to get ahead. So why do you keep making these bad decisions even though you know that you should be better? In this video, I’ll explain the psychological biases that might be holding you back from reaching your investing and money goals. By understanding what’s going on in your mind, this will hopefully help you break free from poor decision making when it comes to investing, once and for all. 0:00 Introduction 1:00 How do our brains work? 2:11 What is behavioral finance (understanding heuristics) 3:10 Common investing psychological and cognitive biases (including prospect theory and loss aversion) 5:56 How to fix bad investing habits and stop making trading mistakes? **** Links to books referred to in this video: Thinking, Fast and Slow (Daniel Kahneman) - https://amzn.to/2ZThofp Trade Your Way to Financial Freedom (Van K. Tharp) -https://amzn.to/3qOvPxa **** DISCLAIMER - PLEASE READ The information in this video is for general information only. It should not be taken as constituting professional advice and I am not a financial adviser. You should consider seeking independent legal, financial, tax or other advice to check how the information relates to your individual circumstances.