'Be fearful when others are greedy, and greedy when others are fearful'
-Warren Buffet
I know this quote is thrown around a lot, but it's truly one of the best ways to rewire your trading brain. Most people are taught to trust the consensus opinion. It's hammered into us from a young age
The market preys on consensus opinions. If you're constantly letting headlines & other people convince you what moves to make, the market will chew you up & spit you out
You have to be able to identify situations where the masses are being manipulated while smart money lurks around the corner. You have to be comfortable walking in the opposite direction of the flock
Most people would walk right off a cliff if everyone else was doing it
@traderjon01@kcprinters Yea it's a neat process. I work at a local utility company in the midwest. That price quote is outrageous. A local contractor here would fix that for a few thousand dollars where I live.