Unit 1 · Level 1 · The four demons, up close
Review: name that demon
Quick map before the quiz. This unit's demons (FOMO, fear, greed, hope) are the raw emotions underneath the Trading course's four (FOMO, revenge trading, loss aversion, overconfidence). Revenge trading is greed in pain; loss aversion is hope with a spreadsheet. Different costumes, same cast. Name the demon while it's whispering and you've half-won.
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What you get asked
Match the demon to its signature move
Four demons, four moves: chase the top, dump the bottom, double the loss, marry the loser. Recognition is the first defense.
A coin is up 70% this week, your feed is euphoric, and your finger hovers over BUY. Which demon is driving?
The pain of missing out, triggered by other people's gains, is FOMO's exact signature. The chase anatomy from lesson 1 is already in motion.
Selling winners fast while nursing losers is the ___ effect.
Hope's fingerprint, measured by Odean in real broker data: pride cashes the gains, hope babysits the losses.
Order the emotional arc of a bubble
Tulips, 1929, dot-com, 2008, crypto winters: the assets change, the arc doesn't. Knowing where you are in it is half the edge.
What do all four demons have in common?
Veterans hear the same whispers. They've just pre-committed their answers. Plans, stops, and rules exist so the demons talk to a closed door. 🐜
The rest of this unit
FOMO, fear, greed, hope: meet the voices that trade your money for you.