The Gambler's Fallacy in F&O Trading — When Your Brain Becomes Your Biggest Position Risk
— Dr. Akash Parihar | MD Psychiatry | Asha Wellness Sanctuary Hospital, Kota 📰 The Psychiatric Blueprint | Financial Psychology Series Start Here — A Scene That Has Played Out in Thousands of Trading Accounts Across India Rahul is staring at his screen. He has been in a Nifty options position for forty minutes. It has gone against him five times in a row. And right now — with complete, unshakeable certainty — he believes that the sixth trade is going to work. Not because he has new information. Not because the chart has changed. Not because his analysis has updated. But because — at a deep, visceral, completely unconscious level — his brain has told him something that feels like logic: "It has to turn around. It can't keep going against me. The odds must be in my favor now." He adds to the position. The market does not care. The position goes against him again. He has now lost in six consecutive trades what it took him four months to build. What Just ...