A Thread 🧵 👇
10 lessons from my book “The Quiet Trader- Philosophical Guide to Profitable Trading”
When traders are uncertain, they are more likely to use other traders' advice than decide how to act themselves. But that is not a wining strategy in the long-term.
Small changes in your trading strategy can lead to dramatic improvements in your trading results. You need to study a trading strategy, break it down into its components parts and find ways to improve it.
A new trader's fundamental tendency is to assert that false judgements are the most indispensable judgements. it is in human nature to want things with no friction and to reach success as easily as possible.
It is a common fallacy to think that the majority sets the trends of social and economic life. History reveals quite the opposite to the common public opinion. In fact, the majority imitates the minority, and this is what establishes the long-term trends.