How Challenging Your Assumptions Leads to Better Trading. And the Best Way to Do It.
Mark Weinstein's phenomenal winning streak (never having a losing month) is why he was profiled in the original Market Wizards interviews.
Image courtesy of www.jewishfoundationla.org
In the next minute:
You'll uncover a crucial element that underpins Mark's trading success. And it all begins with this seemingly unassuming quote:
"Most people will not wait for the environment to tip itself off. They walk into the forest when it is still dark, while I wait until it gets light."
What's he really saying?
Mark understands how your brain works when you sit at the trading screens.
You see:
It's ingrained in human nature to seek patterns within chaos. But when trading - what you perceive as a dependable pattern - is often too erratic to give you an edge.
Whenever you anticipate a future financial gain, your dopamine levels soar. This surge in dopamine can overpower rational thinking and logic, which is why people repeatedly enter far too early into trades.
These research-backed behaviours help you grasp the root of flawed assumptions about what the market will do.
Now you understand why:
Your entry timing is off, necessitating wider risk levels per trade.
Which is why your winning trades can't offset your losses.
The good news:
In a moment you'll discover the 'light' Mark refers to.
Watching the upcoming footage:
You'll learn how to challenge flawed assumptions by combining concrete evidence.
You'll see:
Live trading actively challenging assumptions using unique skills that give you a competitive advantage.
Footage is taken from live trading mentoring for a comprehensive insight into minute-by-minute real-time trading.
