Embrace Dispassion and Long-term Outlook in Trading

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Having a disposition of being dispassionate and maintaining a long-term outlook is essential in trading. It is crucial not to get upset about short-term conditions to succeed in the long run. Being a full quant trader requires sticking to the models without overrides to maintain a strong track record. Individuals interested in trading should focus on reading, researching, observing, and taking notes to discover their style that feels right for them.

William Green is a journalist and author of the book “RICHER, WISER, HAPPIER: How the World's Greatest Investors Win in Markets and Life.” — a book that draws on hundreds of hours of interviews with many of the world’s super-investors to demonstrate that key insights for building wealth apply to life as well. You can follow William on Twitter https://twitter.com/williamgreen72 and get his book at https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856 Show Notes:

From Journalism to Investing
Obsessiveness required to play and win a game
Behavioral biases
Role of patience in investing
Stoicism, and dealing with uncertainty
Reading authors like Henry James
Saying YES to serendipity
Being present in the moment
Delaying gratification
“When I fall, I shall rise”
Getting out of your own way
Staying away from the games that don't suit you
How body posture can affect you psychologically
Giving pleasure to your creator
Not knowing the truth

Books Mentioned:

Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and in Life; by William Green
Happy: Why More Or Less Everything is Absolutely Fine; by Derren Brown