Asymmetric bets

Rationality is freedom..

[De Christian Life @DeChristianLife]

One of the most important things to know about a Partner before settling

[Mindset Machine @mindsetmachine]

Focus on your goals.

[Arjun Khemani @arjunkhemani]

.@naval: Look at reality the way it is. Try to take yourself out of the equation.

“Labels like pessimist, optimist, cynic, introvert, extrovert—these are very self limiting. Humans are very dynamic.

There are times when you feel like being introverted. There are times when you feel like being extroverted. There are contexts in which you’ll be pessimistic. There are contexts in which you’ll be optimistic.

Leave all those labels alone. It’s better just to look at the problem at hand. Look at reality the way it is. Try to take yourself out of the equation, in a sense.

Obviously you’re involved. But motivated reasoning is the worst kind of reasoning. You’re not going to find truth through highly motivated reasoning.

You have to be objective. And objective means trying to take yourself out of it as much as possible, or at least your personality out of it as much as possible.

And so to the extent you run with this thick identity and personality, it’s going to cloud your judgment. It’s going to try and lock you into the past.

If you say, ‘I’m a depressed, unhappy person—I’m going to be unhappy.’ That’s a way of locking yourself into your past. Even saying, ‘I have trauma, I have PTSD,’ yeah, you feel something—there are memories, there are flashes, there are occasional bad feelings.

But don’t define yourself by it because then you’ll lock it into your identity and you’re just going to loop on it.

It’s better to stay flexible because reality is always changing and you have to be able to adapt to it. Adaptation is also intelligence, adaptation is survival. Adaptation is kind of how you’re here. You’re here because you’re an adapter and your ancestors were adapters.

So to adapt you’ll have to see things clearly and if you’re seeing them through your own identity, it’s going to cloud your judgment.”

[Manly Mentor @manly_mentor]

This video will change your life.. ‼️‼️

[Marios Stamatoudis @stamatoudism]

One of the main issues with FOMO, revenge trading, and similar problems is the lack of Asymmetry.

When your system pushes you to trade more to make more money, you're setting yourself up for a bad psychological spiral when the environment turns against you, even for just a few days.
For example, if you're aiming for 1.5R per trade and lose 4–5 trades in a row, it feels like a mountain to climb back because you know you need 3–4 consecutive wins just to recover. If you don’t trade more, you can’t make it back easily, and the spiral deepens and deepens.

Emotional stability comes from having big reward to risk ratios coupled with a sustainable win rate. When you know that even if you lose 10–15 times in a row, one good trade can make it all back, the emotional pressure drops a lot.

Most importantly, you detach from the idea that making more trades makes you a trader, and instead, you spend that precious time researching and and coming up with potential asymmetric ideas. That’s what truly forges you as a trader in the long run.

[Traders Den @realTradersDen]

The BIG challenge in trading / investing is to persuade your MIND that your trade / investment idea will, in the future, be correct.

You then have to actually get your mind to ACTION (risk an amount of MONEY of choice) that idea BEFORE the move happens.

After = Too late

[Asymmetric bets @NoviceTrader19]

@sell_the_rise can i know why did you chose to short Mobikwik?

[Steven Spencer @sspencer_smb]

The Only Options Trading Course a Beginner Will Ever Need (The Basics from A to Z)

[Naval @naval]

The single most important book on parenting that I’ve read.

It’s well written and argued, rests on strong philosophical foundations, and flies completely in the face of the entire current system.

https://t.co/3JLrCSNSym

[Chris Dover @ChrisDMacro]

More thoughts on price action “When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion…”

[Asymmetric bets @NoviceTrader19]

@TomL1ttle_

[Asymmetric bets @NoviceTrader19]

@DeadlineDayLive

[Asymmetric bets @NoviceTrader19]

@theliverdoc Wait, i thought it's spelled as "homeopathy" and not homoeopathy!!!

[Michael @mmay3r]

Twitter has called 10 out of the last 0 world wars and 5 out of the last 1 pandemics.

[Asymmetric bets @NoviceTrader19]

@CREAMtrader Ok! Thanks. That definitely helps.

[Robot James 🤖🏖 @therobotjames]

You gotta latch on to big, obvious, indisputable observations.

> Stock indexes tend to go up.
> People overpay for comfy sh!t like positive skew
> People pay up for immediacy / liquidity
> Large price-insensitive trading can distort prices.

Don't build around marginal ideas.

[Asymmetric bets @NoviceTrader19]

@SarangSood I think it's because he has explicitly stated he has 90% accuracy in his trading, and that was misleading because he had incurred losses. Had he simply taught some tech analysis bs , he'd have been ok , I guess .