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Peter Borish on Lessons From the 1987 Market Crash

Masters in Business

00:00

Not trading can be the best trade

Not trading is a trade. Just because you're in front of the screen doesn't mean you have to do something. Some of the best traders know when to stop for the day. Trading just for the sake of trading is a terrible strategy. Unlike baseball, there are no called strikes in the markets. You can sit and wait for your pitch. Many people love the action and the excitement of trading, but having discipline to wait is important. Traders who are also gamblers are surprising because trading already provides enough excitement.

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