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SI207: Trend Following: The Perfect Portfolio? ft. Jerry Parker

Top Traders Unplugged

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I Don't Have Confidence in My Positions

It takes less effort to increase confidence than it does ability. Confidence gives the impression of removing uncertainty, while ability is constantly under attack from competition and an involving economy. People want this kind of confidence in their decisions and in their a a positions. And i just don't think it's warranted, because when it goes wrong, confidence can go wrong. I have confidence in my broad principles and my system that over a long, long period of time, this is my best shot at doing well. But a short term confidence, i do think that's a problem.

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