| Traders who are eternal optimists get absolutely killed because they have a habit of staying in long after the trade has turned into a loser. – Dan Zanger |
| Good trading is not about being right, it’s about trading right. If you want to be successful, you need to think of the long run and ignore the outcomes of individual trades. – Curtis Faith |
| Human beings are risk seekers when faced with negative outcomes and risk averse when faced with positive outcomes. |
| Great traders offer no excuses. |
| The less I cared about whether or not I was wrong, the clearer things became, making it much easier to move in and out of positions, cutting my losses short to make myself mentally available to take the next opportunity. – Mark Douglas |
Archives of “negative outcomes” tag
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| Traders who are eternal optimists get absolutely killed because they have a habit of staying in long after the trade has turned into a loser. – Dan Zanger Good trading is not about being right, it’s about trading right. If you want to be successful, you need to think of the long run and ignore the outcomes of individual trades. – Curtis Faith Human beings are risk seekers when faced with negative outcomes and risk averse when faced with positive outcomes. If you can’t wait for good setups, you will be ready for them with less cash to trade. – Dan Zanger |