"There’s one thing you have before you put on the trade that you immediately lose once you put on a trade and that’s objectivity."
@jackschwager with @SeanDeLaney23
whatgotyouthere.com/portfolio/270-…
@jackschwager with @SeanDeLaney23
whatgotyouthere.com/portfolio/270-…
"I sometimes will say, not facetiously, that people think I write books about trading, but they’re really books about psychology."
"I often say if I was asked, you can give advice to traders, but you could only use ten words. I know what those 10 words would be. It’s a sentence that Bruce Kovner said, and he said, “I know where I’m getting out before I get in.” Or know when you get out before you get in."
"We as humans have evolved so that our instincts will lead to worse than random decisions. ... cliche you could take a monkey to throw darts ... will do as well as the professional traders.
The monkeys could do better because the monkey is not inhibited by our human emotions"
The monkeys could do better because the monkey is not inhibited by our human emotions"
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