"Great traders increase their profits by cutting losses and rolling profits into the next investment" (from "The Psychology of Magicians").
Most people want to profit through the process of forecasting.
Analysts are hired to forecast prices.
However, great traders make profits by “cutting losses and reinvesting profits,”and it has nothing to do with forecasting.
they say.
A profitable trader seems to be fighting on a completely different level.
Forecasting is tiring and often wrong, isn’t it?
Experts aren’t always right, either.
Fortune tellers feel more reliable.
Stop forecasting,
you won’t hit it anyway,
it’s wasteful to devote your resources to such things,
I tell myself.
See you next time.
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