Thanks for article.
Reading it prompted me to go back and look at the Dennis and Eckhardt’s Turtle experiment.
Some of their rules:
It all sounds obvious and easy on paper. But suppressing emotional responses and ego day in day out is exhausting. Most people can't do.
- “Do not let emotions fluctuate with the up and down of your capital.”
- “Be consistent and even-tempered.”
- “Judge yourself not by the outcome, but by your process.”
- “Know what you are going to do when the market does what it is going to do.”
- “Every now and then the impossible can and will happen.”
- “Know each day what your plan and your contingencies are for the next day.”
- “What can I win and what can I lose? What are probabilities of either happening?”
Cheers
- Forums
- Commodities
- The gold plunge continues
Thanks for article. Reading it prompted me to go back and look...
-
- There are more pages in this discussion • 175 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)