Trading/Investing Education

  • Desi Economist

    December 18, 2023 at 4:38 pm

    Lack of money is killing you.

    Stop focusing on money.

    Start focusing on:

    – Risk
    – Execution
    – Process

    You trade 10x better when you stop focusing on money.

  • Desi Economist

    December 18, 2023 at 4:41 pm

    The more you lose,

    The more you realize that losing is normal.

    The more you win,

    The more you realize that anyone can win 1 trade.

    The more you trade,

    The more you realize that trading is a war of patience.

    That’s trading experience.

  • Desi Economist

    December 19, 2023 at 1:09 am

    Successful trading is:

    – Probability, not certainty
    – Edges, not magic formulas
    – Waiting, not trading all the time
    – Calculated risks, not stupid risks
    – Self-discipline, not random trades
    – Long term goals, not an online lottery

    Stop wasting time.

  • Desi Economist

    December 23, 2023 at 10:01 pm

    Most traders are afraid to lose because they don’t think in probabilities.

    1 loss and they get angry.

    2-3 losses and they change system.

    10-20 losses and they give up.

    Thinking in probabilities is the best way to control your trading emotions.

  • Desi Economist

    January 4, 2024 at 1:13 pm

    Six Reasons Why People Lose Money in the Stock Market:

    1) Fear of missing out

    2) Chasing ‘hot’ stocks – Often backfires

    3) Herd mentality

    4) Emotions over logic in decision making

    5) Ignoring diversification

    6) Overconfidence and trying to time the market

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