What is the 'illusion of control' in trading?

"The belief that complex charts guarantee trading success" "The ability to predict all market outcomes using technical analysis" "The feeling of power derived from using multiple indicators" "The misconception that traders can influence stock prices directly

How does the author suggest overcoming the 'illusion of control' bias?

"By relying on intuition and gut feelings" "By using more complex technical analysis tools" "By focusing on past performance and historical data" "By adopting a data-driven approach and acknowledging probabilities

What is 'recency bias' in trading?

"The tendency to overemphasize recent events while ignoring historical trends" "The belief that past market performance predicts future results" "The practice of solely relying on fundamental analysis for investment decisions" "The act of dismissing technical analysis in favor of market sentiment

According to the author, what is the best way to mitigate 'recency bias'?

"By focusing on short-term price fluctuations" "By considering the broader market context and long-term trends" "By relying on expert opinions and financial news" "By ignoring past events and focusing solely on current market data

What investment advice does the author offer regarding companies with questionable corporate governance?

"Invest heavily despite ethical concerns" "Seek short-term gains through speculative trading" "Avoid investing regardless of potential profits" "Conduct thorough due diligence before making any decisions