
Peter Borish on Lessons From the 1987 Market Crash
Masters in Business
00:00
The Unnatural Characteristics of Option Trading and Risk Management
Discipline and management of trades in trading and risk management are inherently unnatural characteristics. In trading, discipline is more important than vision. It requires a disciplined and rigorous approach, rather than gossiping and following the crowd. It's crucial to have the discipline to take the other side of the trade when needed, even if it goes against the popular opinion. Markets go down faster than they go up because many people rush to exit when the trend changes. Having a disciplined risk management strategy is essential for making money in any trading approach. Without it, even the best strategies will fail.
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