Bulletproof Trader by Unknown

Author:Unknown
Language: eng
Format: epub
ISBN: 0000000000000
Published: 2020-08-15T04:13:56+00:00

Aversion and the costs of avoiding discomfort

Paul traded at a major hedge fund in London and had a strong edge in the market that involved identifying and getting into trades early, ahead of the majority of the competition. But in doing so he often had to endure discomfort from seeing the market move against him, or not moving as he had expected – before eventually going in the direction he anticipated.

To maximise his returns over the long run, he had to be willing to be uncomfortable in the short run.

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