Your Daily Bit of Wall Street Wit & Wisdom

Hope and Fear

Hope and Fear

“There are only two emotions in the market — hope and fear. The problem is, you hope when you should fear, and you fear when you should hope.”
— Jesse Livermore, Speculator King

Refining your systemic approach to trading is a good way to overcome costly emotional reactions to market moves and spot profit opportunities.

Analyze your trades to learn from your winners and losers.

Let go of ego, so it won’t get in the way of proper and objective analysis of your actions.

For sensible speculation, build your trading system on a solid foundation of mind, method, an money management.

Enjoy a great weekend!

Best regards,

Steve

PS I’m on the road this weekend, so next blog post is scheduled for Monday.

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