Doubt and uncertainty make us feel uncomfortable.
And when we don't have clarity, we start rushing decisions to avoid that feeling of uncertainty.
When in doubt, take a deep breath and sleep on it before making a decision.
Mental models can save your life.
But psychological biases can ruin it.
Here are 10 psychological biases to help you avoid a life of pain and suffering:
Doubt and uncertainty make us feel uncomfortable.
And when we don't have clarity, we start rushing decisions to avoid that feeling of uncertainty.
When in doubt, take a deep breath and sleep on it before making a decision.
When we want something badly, we start overestimating our odds of success.
It's why so many people bet on their sports team to win.
It's also why millions buy lottery tickets.
Don't let what you want cloud your judgment of what you should do.
The tendency to treat others as they've treated us.
When treated well: "You scratch my back, I'll scratch yours."
When treated badly: "An eye for an eye."
Sometimes this tendency can lead to endless conflict.
Resist the urge to reciprocate bad behaviour.
We copy other people's behaviour when making decisions.
Especially when we're feeling uncertain.
This is why so many ads have celebrity endorsements and user testimonials.
Next time you make a decision, be mindful of other people's influence.
The psychological pain of losing something is twice as strong as the pleasure of gaining it in the first place.
It's why many gamblers go broke trying to recover from their first loss.
Be careful not to overreact when you lose something you value.
Humans have evolved to avoid pain - it's how we survive.
But this bias often leads us to avoid short term psychological pain instead of facing reality - aka denial.
This commonly happens in market bubbles when investors lose touch with business fundamentals.
We have an innate need to appear consistent to others.
We're afraid of people calling us a hypocrite.
But this prevents us from changing dangerous beliefs and harmful behaviours.
Keep this in mind next time you're trying to change a bad habit.
We have a tendency to follow people in positions of authority.
Children follow parents. Soldiers follow generals. Students follow teachers.
But too much blind faith in authority can lead us to follow the wrong people.
Always question the person "in charge."
More from Zain Kahn
I went from zero to leading marketing teams in 5 years.
But I never studied marketing in college.
Those 5 years I spent 1,000+ hours studying 100s of books and resources.
I've distilled everything I learned in those 5 years into 7 simple frameworks.
Here they are ― for free:
1. How to write world class
2. Master the psychology of
3. Learn how to
4. Use the best marketing
But I never studied marketing in college.
Those 5 years I spent 1,000+ hours studying 100s of books and resources.
I've distilled everything I learned in those 5 years into 7 simple frameworks.
Here they are ― for free:
1. How to write world class
Apple, Nike, Coca Cola.
— Zain Kahn (@heykahn) September 7, 2021
3 legendary companies. 1 common marketing trait:
Great copywriting.
Here are 10 copywriting tips to help you master marketing:
2. Master the psychology of
10 principles from psychology to master marketing:
— Zain Kahn (@heykahn) July 26, 2021
3. Learn how to
Being a new manager is scary.
— Zain Kahn (@heykahn) March 15, 2022
You're suddenly responsible for leading a team and you have no idea how to do it.
I've served as a manager and executive at several companies.
Here's a step by step cheatsheet to help you become a better leader today:
4. Use the best marketing
The right marketing tools give you superpowers.
— Zain Kahn (@heykahn) September 14, 2021
But 90% of marketers don't know about them.
Here are 10 marketing tools to help you master marketing:
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• Positional Strangles
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• Position Sizing
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How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
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Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
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• Kept rolling up profitable leg
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• Identified a reversal and sold puts
• Puts decayed a lot
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Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
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1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
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To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
