“Bulls and bears make money, pigs get slaughtered…”

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Really enjoyed the Gervais episode and his research around the perils of FOPO.

His three golfer experiment walk-through especially stood out to me.

The parallels to your TF world:

Piggy in the middle – the local pro is lost, stuck midway. It’s the edgies – public pro and weekend hack less prone to FOPO. Classic saying, bulls and bears make money, pigs get slaughtered.

Over personalising / over identifying with a single trade narrative such that even in the light of new data/evidence, find it hard to change your mind (sunk cost, cognitive dissonance etc).

Outcome over process instead of other way round. Irrespective of context (risk reward, social pressures etc), sticking to proper process (infinite long game) supercedes vulnerability of outcome dependency (finite short game) in the moment.

Just think aloud.

Well done.

Gary P.

Thanks.

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