It`s human nature to be optimistic. Any fool can enter a market, it takes talent to exit consistently and profitably.
Regardless of what we think we know and should happen the reality is that a lot of stock action is random. Therefore, money management is crucial if you want to be successful as a trader. To me, it`s the cornerstone of both making a living at trading and building wealth.
If I wasn't a trader, I would probably be in the film business in some capacity and writing in some other form. I went to NYU Film School and London Film School.
I think the works of W.D. Gann and Robert Prechter have inspired me more than anyone else. It was from their writings that I discovered cycles, patterns, and psychology dominate the market, and that the news breaks with the cycles, not the other way around.
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