What does it mean to be a hero in trading?
In poker, a “hero call” is sometimes appropriate. It refers to the call of a very large river bet with medium strength — or even Ace-high — based on a strong read that your opponent whiffed on a draw and is representing a huge hand to steal the pot.
In markets and trading, there is no official definition, but we can more or less surmise being a “hero” looks like the following:
Putting your foot down and saying “markets will do X, I’m sure of it!”
Pointing to the sky like Babe Ruth — “this is where my profits on this trade are going to go!” (more…)