Optimism Linked to Poor Decision-Making and Lower Cognitive Skills
- Thread starter Frederick Foresight
- Start date
Really all these books, quotes and studies are a waste of time regarding trading particularly, maybe apply better to other areas of life. Trading is highly individual and there's so many factors that go into someone making it into trading. Skill, intelligence, personality, when they started in life, capital, do they have another income stream coming in while they are learning trading, luck, what was market like when they started, what strategy or learning path they went down, are they naturally bullish or bearish bias. Maybe being too pessimistic actually hurt someone, while being too optimistic hurt someone else.
Seems a lot of people look to correct emotions from a mental side, or read some book or something all I can say is that doesn't work for me. The only thing that improves my mental is making physical and tangible changes. Like making sure I actually have an edge. Setting up my screens better or coding so that information is more readily available. Making sure I am not overly concerned about money while trading (by having money in reserve). But hey if reading a book or looking into studies actually provides value to others, fair enough. Just don't do jack for me.
Seems a lot of people look to correct emotions from a mental side, or read some book or something all I can say is that doesn't work for me. The only thing that improves my mental is making physical and tangible changes. Like making sure I actually have an edge. Setting up my screens better or coding so that information is more readily available. Making sure I am not overly concerned about money while trading (by having money in reserve). But hey if reading a book or looking into studies actually provides value to others, fair enough. Just don't do jack for me.
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GREaT QUOTE\
but have to realize there is a context\
leveraged stuff where profits can//slam bam thanks mam+ profits went quick down the drain.
AS far as most businesses + mostly cash ETFs, not a good quote @ all.
IT IS like his DUCKS UNlimited MAGAzine ad / that ad will not pay off @ all,but its designed to help the duck flocks, not pay off. Ad notes/Ducks Unlimited a Super Selection[ss] on shooting ducks, green pattern. Nice red tie= NOT required for business
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NEGATIVE=LOL
REALLY need both, but a positive attitude is also a pro attitude .HOPE the SEC will NOT quarrel with that/NOT likely
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growth mindsets always win. And optimistic people tend to be growth minded.