The moment you buy, every news becomes favorable material
I bought USD/JPY.
The U.S. economy is strong. “As expected, buying dollars.”
The U.S. economy is weak. “There are no bad news left to come.”
The yen rose. “How kind to give me a dip.”
All the news ultimately praises my position.
That’s not analysis, it’s an endorsement screening.
Before buying, an observer; after buying, a public relations manager
Before purchasing I investigated flaws, but after buying I started gathering only reasons for the price to go up.
From someone who watches the market to a public relations manager protecting my purchase price.
Wanting to give weight to information that matches my thinking and dismissing opposing information is called confirmation bias.
Explanation by the Canadian Securities Commission of Nova ScotiaBut it is discussed as a psychology factor that affects investment decisions.
The trouble is that the person thinks they study properly.
I read 10 articles. I watched videos too.
But only those that pointed in the same direction as me.
Place exactly one opposite number next to it
From here is a hypothetical example.
U.S. economic indicators were stronger than expected.
So I want to buy dollars.
Before finishing the explanation, line up the pre- and post-announcement U.S. interest rates and USD/JPY over the same time span.
If rates fell and USD/JPY also fell, the headline of the indicator and the actual reaction would be inconsistent.
This discrepancy alone does not determine the next price move.
But it becomes a reason to pause before looking for another reason to buy.
Better to confirm what is happening now than to protect what was right about you.
Move the numbers before moving your accounts
The free USD/JPY event judgment board allows you to enter estimates and results for economic indicators, and pre/post-announcement USD/JPY and U.S. interest rates, organizing the reactions on one screen.
No registration required. There are fictitious input examples, so you can try it without actual trading.
Open the free tool and try it with fictitious examples
This is a hand-entry整理 tool. It is separate from the AI trading judgment board under development.
First, please place numbers that do not suit you on the same screen as well.
Next, the features you want: automatic price entry? Or display of buy/sell/wait?
If you leave a one-line comment, it will help with development.
The market does not know your purchase price. Let’s fire your public relations manager today.