Cognitive biases in traders

There are many types of logical errors, however, the most common definition of a boolean error is the argument, in which details (seeming very logical and plausible) don't really lead to a definite conclusion. A small example of a similar error: Mike and Diana live together, which means, they are married. In trading, such logical errors are extremely common and it is quite easy to fall into their trap., because the explanation is always extremely plausible, for example, "The action has broken a new high, then it will go up further ". But is it true or not, this thinking is somewhat erroneous. In this particular example, we all know, that there are many factors besides position, which affect the movement of the stock.