10/15/2024
Getting What You Want: How Your Deepest Desires Shape Trading Outcomes
Financial markets are vast, and the ways we can interact with them are almost limitless. However, a few things are clear: there are far more losers than winners in the market. The ways to lose, especially as active traders, are much easier to find than the ways to win. One of the most important things a trader needs to do to put him or herself in the winners’ circle is to clarify who that person wants to be as a trader.
Or, to put it another way, what do you want from the market?
Ed Seykota famously said “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”
[link to the rest of the article in the comments]
