A few days ago, I printed myself a little label and adhered it to the base of my monitor:
Now, before I close a position, I glance at it. If necessary, I will say the phrase out loud (I stop at nothing to enforce discipline). That little sticker has already made me a lot of money. I suggest you consider one for yourself.
As George Soros put it:
If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
Such straightforward wise advice and so ignored by millions.
Yes ,95% Traders will lose MONEY………………….It’s Open Challenge.
95% Traders losing Time ,Money ,Energy :Forget U will ever Earn ,Never think about Minting Money and Creating Wealth.
Just Avoid Blue Channels ,Fundamentals of Country or Companies :All Bogus.
Extreme level of Insider Trading + Huge Manipulation :Every day goes on ( 95% Traders Don’t know this )
Technically Yours/ASR TEAM/BARODA
For a fair coin, the answer sho uld be that both outcomes are equally lik ely.
If you Believed that the next flip is more likely to be tails because “tails is due to come up” this is whats is known as gambler’s fallacy, a great example of availability bias. i.e ” availability bias occurs when our estimates of probabilities are influenced by what is most “available” .
The purpose of the quiz is simple .
As traders assess new information, all observations must be appropriately weighted in prices or estimates of probabilities. If traders are unduly influenced by availability bias, the resulting estimates may not be accurate. You must at all time in your approach be equally fair, balanced objective and dispassionate while gathering your analysis toward trading .
