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Mish Schneider’s Journey to the NYSE

Real Vision: Finance & Investing

00:00

The Worst Trades You Wish You Could Have Back

"We are way more comfortable with failure, oddly enough, than we are with success," he says. "If things are going well, we're waiting for a shoo to drop - it can't last." He adds that traders often cut their winners wai too fast and keep their losers running far too long because they live on some kind of hopeThings will turn around. But when you're right, instead of cutting your winner, adding to the winner, now adding some leverage to that particular position,. cause you're making money on it. Still control the risk, move the risk up, obviously, so whatever you put on initially doesn't turn into a loss, and you just have

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