The Costs of GuessingMay 27th, 2020
What are the “hidden” costs of guessing when making trading decisions? In this 2-minute video from his webinar Discover Two Recurring Trading Patterns, Jared Putnam of Trading Supra describes how an emotional reaction to previous losses can lead to guessing on trading decisions, overtrading, missed trades and poor entries & exits.
“When you get in that cycle of frustration, you can start to overtrade very easily. You feel like you’re going to miss out.”
As Jared explains, when you wait for your trading conditions to be right to take a position, you approach a trade with confidence instead of fear.
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