Showing posts with label emotions. Show all posts
Showing posts with label emotions. Show all posts

Friday, December 27, 2019

Don't think you know better than your rules


"If you take emotion - would be, could be, should be - out of it, and look at what is, and quantify it, I think you have a big advantage over most human beings." - John W Henry

In trading, hindsight can be a not-so wonderful thing. Your stop gets hit, kicking you out of a trade for a small profit. All of a sudden, price takes off in the direction you were looking to profit from, leaving you on the sidelines.


Take it from me. If it's happened once, it will happen a thousand times.

Is this type of event frustrating? Sure.