October 3, 05:00 (Eastern Time (US & Canada)
Trading psychology are easily understood by reading Hans Christian Anderson's fable The Emperor’s New Clothes, 1837. A small child, who didn't understand the apparent necessity for presence, piped up 'But he has nothing on!'. The bubble of presence burst and soon all the onlookers were repeating what the child had said, whilst the king continued the procession, attempting to maintain his dignity by pretending that nothing had happened. We believe in order to be a successful investor, one has to dare to bet against the consensus. The consensus is the price! Do you acknowledge your mistakes? You learn from mistakes not from success. You have to change your mindset – How do you know that you are right. Why do you trade. Duration 30 minutes.