Tuesday, April 21, 2020

Why People Suck at Trading and at Life - Ross Williams

Here is the link.

Making money in trading


  • It can become habitual. You will not become a #lossaholic if you learn how NOT to suck at it!
  • Avoiding bad (losing) behavioural traits is far more important then being a genius
  • Adaptability is what keeps good traders in the game.
  • Be very, very wary of the "expect" or "old hand" that ells you that things never change or "this is how the market trades" They are commenting on the past. 
  • profitable traders focus on the future. Adaptable traders are open to change and to changing their mind. 
  • Most people are better at the idea generation process than they think, its in the implementation where they struggle. Education is the key to developing a workable process. 
  • Accepting that the Hack doesn't exist. 
  • Accepting that it is YOU who has to do it. 


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