Advanced investing philosophy by Professor Adam.
3. From Amateur to Professional: Managing emotions on the market.
Want to know how to go from an amateur to a professional? Professionals know the real secret to success in the market, and that is that no trade matters. Yes, no single transaction is significant in itself. Market enlightenment therefore means consistently pursuing your advantage without compromise.
Truly, the next 20, 50 or 100 trades are investments that will accumulate towards success, just like ongoing habits that lead to building muscle or losing fat. If you've ever actively formed a habit, you know what it takes to form that way.
We have already talked about the fact that there is no certainty in the market, which is why the accumulation of many transactions leads to a high return. Winning trades and losing trades, we go up and down, we never know where the next trade might take us, and that's okay. That's the point. Provided you make consistently profitable expected value decisions using a sound strategy, you will eventually be exposed to positive increases in value, and only then will you understand how to make as much money as you wanted.
Are you able to submit to the rules that were created for this very purpose? These golden chains of profit, known as rules that limit our freedoms, will you be wise and astute to free yourself from these rules so that you can make your own investment decisions based on what we perceive as the wisdom of our untrained instincts that are more inclined to to throw stones at wild animals rather than to make complex statistical calculations based on probabilities?
3. From Amateur to Professional: Managing emotions on the market.
Want to know how to go from an amateur to a professional? Professionals know the real secret to success in the market, and that is that no trade matters. Yes, no single transaction is significant in itself. Market enlightenment therefore means consistently pursuing your advantage without compromise.
Truly, the next 20, 50 or 100 trades are investments that will accumulate towards success, just like ongoing habits that lead to building muscle or losing fat. If you've ever actively formed a habit, you know what it takes to form that way.
We have already talked about the fact that there is no certainty in the market, which is why the accumulation of many transactions leads to a high return. Winning trades and losing trades, we go up and down, we never know where the next trade might take us, and that's okay. That's the point. Provided you make consistently profitable expected value decisions using a sound strategy, you will eventually be exposed to positive increases in value, and only then will you understand how to make as much money as you wanted.
Are you able to submit to the rules that were created for this very purpose? These golden chains of profit, known as rules that limit our freedoms, will you be wise and astute to free yourself from these rules so that you can make your own investment decisions based on what we perceive as the wisdom of our untrained instincts that are more inclined to to throw stones at wild animals rather than to make complex statistical calculations based on probabilities?
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