Right and Wrong Doesn’t Help the Process

Ed Seykota recently offered on his site:

Labeling trades as right and wrong, depending on the outcome, indicates some or another emotional attachment to individual events. From the perspective of a stream of trades that generate from a trading method, you might notice that you get some winners and some losers and that your long-term results aggregate the individual events.

Spot on.

---
You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content. Out April 24th 2017.