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#238 - Why Being Lazy Ironically Is A Great Trading Strategy
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:05:12
- More information
Informações:
Synopsis
Hey everyone. This is Kirk here again and welcome back to the daily call. Today, we’re going to be talking about why being lazy ironically is a great trading strategy. Although we want to be active in entering new positions, once we get into new positions 6and we have a balanced portfolio, we’ve taken care of the position sizing issue that plagues a lot of investors, the reality is that being a lazy trader from that point on is actually not that bad of a strategy. Basically, don't touch it, don't mess with it. Stop fidgeting with your trades and trying to overcorrect them along the way. Let the numbers, the probabilities, the system work its magic, basically. Let the probabilities work themselves out over time. I find this a lot with new traders because we get into new positions and immediately, a stock starts to move because that's Murphy's Law. What's going to go bad ends up going bad, right? And so, as soon as the stock starts going against us just even by a small margin, you have one losing side or one po