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231: The 10 New Trading Psychology Challenges Emerging from Autotrading

The Option Alpha Podcast

CHAPTER

The Importance of a Simple Strategy

There's always something new that was like, well, if we had this, then we would be profitable because we could do this extra complicated thing. People used to say back in the day when you had to trade on your phone, used to say, well, like, I can't even see the Greeks. So stop with the feature creep. Number eight, emotional mental hedging, but it also manifests itself in physical trades. Rather than letting the trade play out, maybe an automated trade that your bot is doing, you hedge your own bot position manually just to see the overall profit from all of your trades get evaporated.

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