When engaged in day to day trading it is easy to get caught up in confirmation bias once you are in a position. Traders often talk themselves out of a good position and forget about their logic.
The human understanding when it has once adopted an opinion (either as being the received opinion or as
being agreeable to itself) draws all things else to support and agree with it. And though there be a greater number and weight of instances to be found on the other side, yet these it either neglects and despises, or else by some distinction sets aside and rejects; in order that by this great and pernicious predetermination the authority of its former conclusions may remain inviolate.. . . And such is the way of all superstitions, whether in astrology, dreams, omens, divine judgments, or the like; wherein men, having a delight in such vanities, mark the events where they are fulfilled, but where they fail, although this happened much oftener, neglect and pass them by.