This thread is a celebration and examination of the times we were wrong about a trade but turned things around without getting twisted out of shape.
A place to reflect on why being wrong is so painful and why being right is so important to us. In trading, anything can happen. It shouldn't matter if we are wrong or right, and yet many people struggle to let go of losing trades when they are wrong and are too quick to take profits when they are right.
This thread will help give people a dedicated space to reflect and rethink their relationship with being wrong and help us to become better traders.
After reading Best Loser Wins by Tom Hougaard, this subject has become deeply fascinating to me. I recommend reading his book if this subject interests you.
The more comfortable I have become with being wrong, the better I have gotten at trading; it is almost comical when I think about the countless hours I spent trying to do everything right, yet I often lost money because I couldn't handle being wrong.
Being wrong ought to be a coherent aspect of any trading approach.
A place to reflect on why being wrong is so painful and why being right is so important to us. In trading, anything can happen. It shouldn't matter if we are wrong or right, and yet many people struggle to let go of losing trades when they are wrong and are too quick to take profits when they are right.
This thread will help give people a dedicated space to reflect and rethink their relationship with being wrong and help us to become better traders.
After reading Best Loser Wins by Tom Hougaard, this subject has become deeply fascinating to me. I recommend reading his book if this subject interests you.
The more comfortable I have become with being wrong, the better I have gotten at trading; it is almost comical when I think about the countless hours I spent trying to do everything right, yet I often lost money because I couldn't handle being wrong.
Being wrong ought to be a coherent aspect of any trading approach.