the two most lucrative ways to build assets: owning businesses and providing loans.
“Learning to accept the risk is a trading skill—the most important skill you can learn.”
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
“1. Anything can happen. 2. You don’t need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. 5. Every moment in the market is unique.”
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
“How do we remain disciplined, focused, and confident in the face of constant uncertainty?”
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
“So if you are afraid of being wrong or losing money, it means you will never learn enough to compensate for the negative effects these fears will have on your ability to be objective and your ability to act without hesitation.”
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
“If you are unable to trade without the slightest bit of emotional discomfort (specifically, fear), then you have not learned how to accept the risks inherent in trading. This is a big problem, because to whatever degree you haven’t accepted the risk, is the same degree to which you will avoid the risk. Trying to avoid something that is unavoidable will have disastrous effects on your ability to trade successfully.”
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
― Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
Peerapoom’s 2024 Year in Books
Take a look at Peerapoom’s Year in Books, including some fun facts about their reading.
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