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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.

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Posted in Psychology, Trading 101
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