"Professionals sell hope, beginners buy hope" (Nikkei BP Publishing, "Day Trading")
From the chapter "The Secret of the Ultimate Trader," "The Third Secret."
Professional traders rarely adopt a mindset of "hope." When they sense that they are hoping for something that doesn’t exist, they recognize they are facing difficulties and promptly close their positions. "Hope" is a mental state unique to beginners, who lack knowledge and concise trading strategies.
（omitted）
Experienced traders are rarely buyers of hope; they become sellers instead.
That is because it yields higher profits.
It’s a harsh expression, but is this not the reality?
I am grateful for this lesson.
But…
Dollar-yen…
The upside seems a bit heavy…
In a bullish market, can we hold a little more hope?
Please forgive me (laughs)
Well then, until next time.
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