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22min chapter
Making Money, Keeping Money, Enjoying Money with Michael Kao Ep.108
The RO Show
The Importance of Conviction in Trading
In this chapter, they discuss the concept of conviction in trading and how lack of conviction can lead to buying at highs and selling at lows. They explain the concept of gamma and the role it plays in buying low and selling high. The chapter also explores the importance of managing emotions like greed and fear, and the need for predetermined exit strategies.
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