While a healthy fear of the markets leads to proper risk management and discipline, excessive fear of losing money impairs our decision-making process and leads to trading…… Read more “You have to be ok with losing it all, if you want to win at all”
Tag: sports
Down to 2 trades.
A couple of weeks ago I posted about my intentions to finish the first year of “small-time” trading in the black and that I wouldn’t let the current…… Read more “Down to 2 trades.”
The most painful trades are the ones we miss. Here is a spectacular one. Yet, it was wrong…
Sometimes, the most painful trades are not the ones that, following our trading plan, produce a loss. Rather, the trades that we miss and eventually produce fantastic…… Read more “The most painful trades are the ones we miss. Here is a spectacular one. Yet, it was wrong…”
The next six trades are crucial
There is a negative psychological punch that takes place when a profitable trade turns into a losing one. It’s like having to go to overtime in a…… Read more “The next six trades are crucial”
Good sign you need to take a walk and stop #overtrading
Here is a good sign I need to go for a walk and move away from the screen: Waaaay too many trades!!! My sources of overtrading are…… Read more “Good sign you need to take a walk and stop #overtrading”
The flow and the hot-hand fallacy
When I played basketball we often made end-of-game decisions based on who had the “hot hand.” Meaning, we would give the ball for the final shot to…… Read more “The flow and the hot-hand fallacy”
