Here’s the quote from Market Wizards with Jack Schwager and Paul Tudor Jones:
Is it a matter of doing a series of probes until you finally hit it?
Exactly. I consider myself a premier market opportunitst. That means I develop an idea on the market and pursue it from a very low risk steandpoint until I have repeatedly been proved wrong, or until I change my viewpoint.
In other words, it makes a better story to say, “Paul Jones buys the T-bond market 2 ticks from the low,” rather than, “On his fifth try, Paul Jones buys the T-bond market 2 ticks from its low.”
Mental Capital Starts TOMORROW!
I teamed up with my buddy, Hubert Senters, to create a new membership focused on helping you master the mental game of trading. Between us, we’ve coached thousands of traders on the mindset and psychology required to win in the markets.
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Mindie Kniss, MFA, PhD is a High Performance Mindset Coach. 🧠 Day Trader. 💰 Bestselling author and publisher. 📚 Resources to help you create a more Lucra(tive) life are available at her website: Lucra.com
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