- Avoid losses at all costs: Loss aversion
- "I am the greatest1" Confirmation bias
- Getting stuck on the first thing you see: Anchoring bias
- The breaking news problem: Recency bias
- There is safety in numbers ... right? Herding bias
- The devil you know: Ambiguity aversion
If you want to know more details about these 6 pitfalls, Fidelity.com has a more detailed article explaining them.