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November 28, 2014, 09:56:38 PM

The word for trading cultist I have is gamblers. The gambler thinks that he has to trade 24/7, he exposes himself and his psyche to a constant barrage of live charts, news. He preferably trades on margin with high leverage. If he has any sort of trading plan, then that plan continuously drastically changes due to the emotions when exposed to all this. As long as it goes well, they think they've figured it all out, but of course they will never decrease the risk they take and thus, even if they actually do have it figured out, they will get wiped out by tail risk alone.

I've seen many of them come and go. They last a few months typically.

Does anyone remember LowPro?


as long as they stop reading this thread they will be fine!!! Wink haa