015: Stuart McPhee talks about the single biggest factor to trading success, common mistakes and the counter-intuitive side to trading, plus tips to improve discipline
Better System Trader
00:00
The Biggest Lesson You've Learnt Through Trading
One trade can completely undo the 19 really good ones before it. A lot of things you have to do are counter intuitive and don't make any sense. It all comes down to sometimes sacrificing things over the short term in the pursuit of longer term objectives. What i think doesn't really matter for much, or care for much. You can very easily make mistakes. The whole idea of cutting a loss is probably the classic example. Why would you cut that loss and deny yourself the opportunity of getting that money back in that trade? Makes no sense whatever. And most of the things, if you do a lot of things intuitively, instinctively, you'll probably make a very, a lot of
Transcript
Play full episode
