Wednesday, March 23, 2016

trader's drama

One important quote about trading comes from trading psychology expert Mark Douglas. As he points out, most of us are not as willing to take financial risks as we think:

"Most people like to think of themselves as risk takers, but what they really want is a guaranteed outcome with some momentary suspense to make them feel as if the outcome had been in doubt. The momentary suspense adds the thrill factor necessary to keep our lives from getting too boring."
Worth reading repeatedly till it compels us to change something.......
Sums up amazingly the psychology of most "traders"

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