Anchoring is the bias where entry price or a past high becomes an emotional anchor: «must break even», «it was 100 so it's cheap».
In plain terms — Your entry is not technical support. The market does not know your fill price.
Fixating on entry price or a past price instead of the current market.
Anchoring is the bias where entry price or a past high becomes an emotional anchor: «must break even», «it was 100 so it's cheap».
In plain terms — Your entry is not technical support. The market does not know your fill price.