โThe discipline of sticking to oneโs knitting is destined for failure if it is not accompanied by equally rigorous processes that ensure adaptive change.โ - @steenbab in Trading Psychology 2.0
"My coping mechanism was typically like the proverbial ostrich sticking its head in the sand. I just waited and hoped for the best, trying to ignore my emotions and the pain in my stomach." - @SimonRusso__
Reminiscences of a Stock Operator quote of the day:
In a bull market the trend of prices, of course, is decidedly and definitely upward. Therefore whenever a stock goes against the general trend you are justified in assuming that there is something wrong with that particular stock.
If someone builds a successful business via somewhat unscrupulous/predatory (but legal) methods, should that person be hated for the methods or celebrated for finding a way to win?
Here's a post inspired by a promising developing trader: We grow as traders by cultivating a deep interest in and love for markets. Mastery comes from intimate understanding, not quick "setups": https://t.co/WINZNazfNQ @gfc4@jackschwager
Having lived through a few, I'd never root for a financial crisis. However, if one were to come, it would be satisfying to see some of the buy and hold diehards eat crow given how annoyingly smug they have become.
Not long investors, more the buy and hold sellers who act like it is bullet proof. That said, not liking the buy and hold deep faithers doesn't mean I support leveraged to the eyeballs etc. Either way, appreciate your follow up here and apology (although apology not really necessary).