The Importance of Being Smart

A simple, but extremely annoying word within the trading realm: rules. You absolutely need to have them if you want to survive in the markets. At the same time though, following the rules can create all sorts of headaches and frustrations. Here’s the thing though, as I talk about with our guest Eric, when you have rules and follow them, you’ll do less. For you longer term listeners of the show, you’ve heard this theme arise on several occasions: less is more! It’s a seemingly illogical concept, but it carries with it a whole lot of proof of being effective. Eric has been through quite a bit on his journey already. He was kind enough to volunteer to be a guest so he can share with all of us and offer up some fantastic insights into the realities of trading. I always enjoy these types of conversations where the person just shoots straight and doesn’t hold anything back. I had a great time and I’m sure you will too. Let’s go!