Showing posts with label cocoa. Show all posts
Showing posts with label cocoa. Show all posts

Saturday, November 03, 2018

Recency bias, and labelling markets as easy or hard

I've seen it said that one of the goals you should have as a trader is to try and make money when things are easy, and that you should be more defensive and protect what you have when things are hard.

That is all very laudable, but from a trend follower's perspective there is a problem with that.