The Super Bowl is all about gutsy plays.
Last-minute drives and incredible comebacks like we saw during last night’s overtime thriller show why football is still America’s favorite sport.
Great athletes like Tom Brady often talk about being in the zone and letting their instincts and training take over during these critical moments. And because the business world loves sports analogies, we often try to apply these ideas to life and the stock market.
But when it comes to trading, this stuff just doesn’t work. The market is a manipulative machine. It will twist your mind – and your wallet if you aren’t careful.
In an unpredictable market like we’re experiencing right now, a gutsy call can cost you a fortune. Listening to your heart (instead of your mind) is a great way to lose money and confidence in your trading abilities.
This post was published at Wall Street Examiner on February 6, 2017.
Follow on Twitter
Recent Comments