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Market Wizard EXPOSES The 6 Biggest Trading Myths | John Netto

Words of Rizdom

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Trading Myths and Discipline

This chapter explores prevalent myths in trading, particularly how nostalgia and hindsight can distort perceptions of past performance. It emphasizes the importance of risk management and introduces the Netto number as a metric that adjusts returns for risk, alongside personal stories that highlight the resilience and discipline required for success in trading. The discussion draws parallels between military discipline and trading strategies, underlining the significance of maintaining a structured approach amidst psychological challenges.

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