Anchoring Bias
Cognitive Control
Getting stuck on the first number you see, even when it's irrelevant. The tendency to rely too heavily on the first piece of information you encounter. Your brain 'anchors' to this number and uses it as a reference point for all future decisions, even when it shouldn't. Example: You bought a stock at $100. It drops to $80. You keep thinking 'it should go back to $100' - but there's no reason it should. You're anchored to your purchase price, not the stock's actual value.
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A foundational term used throughout the TradeQuillo curriculum.
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