The Best Trading Proverbs

Discussion in 'Trading' started by JTrades, May 29, 2014.

  1. no , you will for being a dunning kruger medalist

     
    #541     Oct 4, 2016
  2. mlawson71

    mlawson71

    The simpler it is, the better I like it. - Peter Lynch
     
    #542     Oct 4, 2016
  3. 931

    931

    Some extra thoughts.
    More knowledge = more "extra" questions that could not have asked before knowing what to ask for.
    The more unanswered questions the dumber person may feel.
     
    #543     Oct 4, 2016
  4. He who asks a question is a fool for five minutes; he who does not ask a question remains a fool forever.
     
    #544     Oct 4, 2016
  5. 931

    931

    But more answered questions may create exponentially more unanswered questions.
     
    #545     Oct 4, 2016
  6. #546     Oct 4, 2016
  7. At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of biases that enter into trading decisions.

    van tharp
     
    #547     Oct 4, 2016
    kmiklas likes this.
  8. 931

    931

    Information itself may also have lots of biases.
     
    #548     Oct 4, 2016
  9. Trading is a mental sport with many handicaps , 1) chart/setup information processing handicap on uncertainty 2) multiple psyche handicaps 3)amygdala handicap 4) body condition handicap.

    These add to a negative edge to start with , add spread negative sum and add zero sum = 95% broker's statistics.
     
    #549     Oct 4, 2016
  10. trading methods with an edge will exclude the trading handicaps
     
    #550     Oct 4, 2016