5min chapter

The Market Huddle cover image

The Ability To Say You’re Wrong (guests: Dennis Gartman, Dave Floyd)

The Market Huddle

CHAPTER

The Importance of Mass Psychology in Trading

Markets are driven by human beings making human errors and also making superhuman insights. John Maynard Keynes once made the greatest statement ever as far as I'm concerned that markets can remain irrational far longer than you or I can remain solvent. The hard trade is the right trade. If it's easy to buy it's probably wrong, if it's hard to sell it's probably the right thing to do. My favorite rule is to be quite honest is that there's never just one cockroach. There's never justOne cockroach. Never just one cockroaches. What do you think? Share your thoughts in the comments below.

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