This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO“Selling your winners and holding your losers is like cutting the flowers and watering the weeds.” – PETER LYNCHInvestors and traders are often drawn into a strange, seemingly counterintuitive phenomena - letting their losers run while cutting their winners short. This seems strange, but can be explained easily in the context of the emotional side of trading. In an effort to be “right,” traders will take profit too early in fear that they will eventually be “wrong” if they let it run. On the flip side, realizing a loss on a trade is also an admission that they were “wrong,” therefore compelling a trader to continue losing in an effort to eventually be “right.”We all know what we SHOULD do, right? We should cut the losers early and let the assets that are performing well keep going to continue to pay for those small losses. It’s a few huge trades a year that make a trader most of their money. These huge trades can’t happen if you cut them short.Strong hands always prevail.If you happen to be near a TV, I will be on Making Money With Charles Payne on Fox Business between 2-3 PM EST today. Tune in.In This Issue:Cut The Losers And Let Your Winners RunBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsLegislation On Hard Forks Proposed In CongressCoinbase Competing With MetaMaskFDIC Exploring CryptoBeware Of ScammersRelite Finance - Simple Lending And BorrowingThe Wolf Of All Streets Podcast Ft. CZMy Recommended Platforms And Tools
The Wolf Den #244 - Hold Winners, Cut Losers
The Wolf Den #244 - Hold Winners, Cut Losers
The Wolf Den #244 - Hold Winners, Cut Losers
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO“Selling your winners and holding your losers is like cutting the flowers and watering the weeds.” – PETER LYNCHInvestors and traders are often drawn into a strange, seemingly counterintuitive phenomena - letting their losers run while cutting their winners short. This seems strange, but can be explained easily in the context of the emotional side of trading. In an effort to be “right,” traders will take profit too early in fear that they will eventually be “wrong” if they let it run. On the flip side, realizing a loss on a trade is also an admission that they were “wrong,” therefore compelling a trader to continue losing in an effort to eventually be “right.”We all know what we SHOULD do, right? We should cut the losers early and let the assets that are performing well keep going to continue to pay for those small losses. It’s a few huge trades a year that make a trader most of their money. These huge trades can’t happen if you cut them short.Strong hands always prevail.If you happen to be near a TV, I will be on Making Money With Charles Payne on Fox Business between 2-3 PM EST today. Tune in.In This Issue:Cut The Losers And Let Your Winners RunBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsLegislation On Hard Forks Proposed In CongressCoinbase Competing With MetaMaskFDIC Exploring CryptoBeware Of ScammersRelite Finance - Simple Lending And BorrowingThe Wolf Of All Streets Podcast Ft. CZMy Recommended Platforms And Tools