Good trading is a peculiar balance

Good trading is a peculiar balanceGood trading is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.

You need to believe in something, but at the same time, you are going to be wrong a considerable number of times.

The balance between confidence and humility is best learned through extensive experience and mistakes.

There should be a respect for the person on the other side of the trade.

Always ask yourself: Why does he want to sell? What does he know that I don’t?

Finally, you have to be intellectually honest with yourself and others. In my judgment, all great traders are seekers of truth.

Michael Steinhardt

Igor Marinkovic

Electronic engineer, futures trader and property investor and total beginner in making good web sites

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