Chat With Traders 287 · Robb Reinhold - Consistency Beats Intelligence Every Time
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Sep 12, 2024 Robb Reinhold, Head Trader at Maverick Trading, shares groundbreaking insights from his year-long Flat Earth Trading Society experiment. He emphasizes that consistent position management is more vital than the perfect stock entry. Robb discusses the psychology behind trading decisions, including the Dunning-Kruger effect and the dangers of over-researching. He highlights the necessity of disciplined exits and how aligning strategies with personal traits can lead to greater success. Get ready to rethink your trading approach!
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Early Trading Experience
- Robb Reinhold initially struggled with trading after early success, realizing it was harder than he thought.
- He learned from experienced traders at Maverick Trading, observing their successful trend-following strategies.
Dart-Throwing Traders
- Robb Reinhold heard a story about traders using darts to pick stocks, emphasizing position management over selection.
- This inspired him to start the Flat Earth Trading Society experiment to test this theory.
Entries vs. Exits
- Discussing entries is more appealing than exits in trading.
- Traders tend to focus on entry points rather than exit strategies.
