A morsel of food for thought — trading book excerpt, observation, insight etc — to help improve your trading.
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Trading Food For Thought
“The speculator's chief enemies are always boring from within. It is inseparable from human nature to hope and to fear... The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.”
~ Reminiscences of a Stock Operator
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