* Overcoming failure;
* Excellent trades come from reverse engineering failure;
* The psychology of taking losses;
* Emotionally intelligent ways of losing;
* I generated a couple of good trade ideas on Friday simply by following the Stock Twits stream, tracking the themes of the most emotional posts, and fading those writers;
* Why traders and investors lose money;
* Research tells us how common elite trading talent really is.
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2 comments:
Re: Elite Day Traders & 'outsized' Annualized Profits
This subject continues to be very perplexing. I know of a handful of retail day traders that handily earn 10-20% per month and a few more that earn 50%'ish per month. Furthermore, it has been my personal experience that earning 10%-20% per month is realistic.
Heck, one of my neighbors (and he's a total schmuck) routinely takes 100K at the beginning of each year and turns it into 500K'ish by December (consistently).
Trust me Doc, I'm no friggin genius but I can tell lucidly! when someone is lying to me and these guys & gals aren't.
What am I missing? Where is the disconnect occurring? This is the only subject you have written about that doesn't make sense.
Respectfully,
BalaB
Just a thank you for providing so much for us. Thanks!
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