Sorry Not Good Enough

During the early stages of your career in trading, you’ll find yourself constantly surrounded by traps. The majority of these traps are due to how your, normal, brain is wired. I say this because I am not implying you are some kind of moron for falling into one of these traps. The human mind, in the spirit of efficiency, tends to skip over details and definitions that matter. What do I mean? I came across someone who is clearly new (and a bit angry) to the markets and they claimed a great sounding strategy. The main part of its greatness of the simplicity behind it. I decided to press this person a bit more and you’ll see how the human mind has lead them astray. Hopefully I was able to help them out in seeing the error of their ways, but if not, I hope I can use this interaction to point out a few things that you are potentially overlooking within your trading. Let’s get to it!