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RE: FOMO, Cycle of Bad Trade Decisions!

in LeoFinancelast month (edited)

Doc; let me tell you something regarding trading:

  1. There is no wise old man
  2. The only thing you can expect is the unexpected ;)

Hope you ponder on these when it’s quiet out there. I expect this will help you.

Oh... just like everything else that I say... these are not just applicable to trading ;)

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Expecting the unexpected surely does eliminate the element of a surprise panic attack, but it is much, much difficult to master. But dada, Idk why I have so much contradiction with the "There is no wise old man." Part of me direly wants to believe it and a part of me constantly contradicts this.

Oh... just like everything else that I say... these are not just applicable to trading ;)

The few of us have known this much pretty well for a while now dada ;)

No you shouldn’t believe that there is a wise old man. Because if you do, you would always look up to that man, thinking that man or woman is always correct. That does two bad things simultaneously. It lowers your self confidence and it put unnecessary emotional pressure on the "wise old man" :)

Take it from me, no body is always correct.

I make mistakes like the next man. In fact, being.... forgive me... rather cleverer than most men, my mistakes tend to be correspondingly huger.

Isn’t that’s what Dumbledore said?

I can testify with my personal life that it is perhaps the most correct statement in the thousands of pages of that book series.

Take it from me, no body is always correct.

Of course dada. But believing "wise old men" exist does not necessarily have to have me looking up to them, right. Here's where we can merge the two things you said in the first comment!

Because if you do, you would always look up to that man, thinking that man or woman is always correct

So hear me out. The old man became "wise" by making mistakes throughout life and learning from them. But as you said, no one is ever correct and there is nothing truer than that. But assuming hypothetically, the wise old man is always "expected" to be correct, we should always be expecting the unexpected ;)

That’s wise :)

Therefore acceptable. Well done, dactar!