Trading Insights
Don’t Beat Yourself Up
We all know that life can be tough at times; for some, a LOT of times. We’re all familiar with the old sayings like: “When the going gets tough…the tough get going” or “Life sucks…deal with it.” While they may “tell it like it is,” adages like these are of little use in the world […]
We all know that life can be tough at times; for some, a LOT of times. We’re all familiar with the old sayings like: “When the going gets tough…the tough get going” or “Life sucks…deal with it.”
While they may “tell it like it is,” adages like these are of little use in the world of investing and options trading especially. No matter how skilled and knowledgeable you are, disappointing trade outcomes are going to happen. ACCEPT IT and analyze what went wrong. All you can do is apply your best analysis before your trades and then “giddy up” or down…whichever the outcome may be.
Remember this, you can make good investment decisions and get bad results. Conversely, you can make a bad investment decision and get a good result. Ironic? You bet! But we have our own saying around here: “That’s the market…Don’t Beat Yourself Up.”