4 ms·
For those of us who don't trade, but feel we have something to learn from the type of thinking that leads to these counter-consensus insights - do you have any
by Infernal 9y ago
For those of us who don't trade, but feel we have something to learn from the type of thinking that leads to these counter-consensus insights - do you have any examples of how this line of thinking has led you wrong, either in trading or other fields?
- MrLeap 9y agoFor me, I associate counter-consensus insights tightly with a lot of cynicism. Having a deeply cynical attitude is isolating. It's hard to trust people to a severity that I'm constantly hyper alert to subtle signals that people are trying to take advantage or mislead me. This has had some false positives and made it hard to form deep, lasting relationships. I deeply treasure the ones I have though. The same attitude makes it hard to accept and be accepted by teams. As for bad trades. I lost a little betting on a biotech rally last week. I've never had a really catastrophic trade though. I tend to aggressively scale my position with my confidence and that's been an effective shield so far.