Eternal Pessimists  

Posted by Book Eater

"I have found that the greatest traders are the ones who are most afraid of the markets." ~ Mark Weinstein

The thing with this insightful quote tells us that whenever we trade, we always have to envision the worst possible case to happen. We always have to be eternal pessimists. We always prepare for the worst scenario to happen.

1 takes

F-Bomb   says Monday, 24 March, 2008

Hi, I saw you from tarantrader's site and wanted to drop by. I agree 100% that we have to be "pessimists" in trading. Knowing the worst case scenario makes it possible for us to quantify our risks and therefore quantify our scope of action. Good post! :)

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