This video of Peter's on mindset deserves its own thread

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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arbitrage16
Posts: 527
Joined: Tue Feb 14, 2017 7:27 pm

https://www.youtube.com/watch?v=NvOf8P98n_Q&t=34s

have watched it a couple times and will continue to do so as I believe there is more to be taken from it.

Certainly I have been experiencing the exaggerated focus on individual trades and investing too much emotionally in their outcomes, when it is important to take a more macro perspective, as PW says going through the sequence and then allowing your decent strike rate to deliver the results.

What he's saying here is fairly obvious, but it is useful to have it laid out so clearly and also to have someone with such experience reassure you that getting too het up in either a positive or negative direction is detrimental to success - stay the course!
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