The Green Skeptic
The Green Skeptic
Description: I've started and sold two companies in the finance space, and I'm working on my third, LikeFolio
entrepreneur (3086) entrepreneurship (2465) hiring (860) bezos (3) swantastic (2)
Emotional decision-making is the enemy of traders. Here are a few of the ways I’ve learned to eliminate emotion from my processes and become a more profitable (and productive!) investor.
When you enter a trade based on a “feeling,” you’ll likely exit it based on a “feeling” as well. And that can be disastrous. Instead, require every trade you make to be based on a theory you have that is validated by some external data. For example, you might think XYZ stock is headed higher because 47% of the float is sold short, the social data indicates that consumers are buying products faster than Wall Street predicts, and if the stock breaks through that level you think there will be a short squeez
Maybe you’re right, and maybe you’re wrong. However, now you have a thesis based on real data that you can benchmark against as the trade progresses. That’s far better than “it feels ready to pop.”
The Green Skeptic
The Green Skeptic