“Courage screams at us what we must do when the bullets are flying.” Why do the smartest among us still fail as traders? Quite simple really, we rely on our intellect for trading success, when we need to be relying on our heart and our gut. Successful traders rely on courage, integrity and skill. Intellect tells us what we should …
Abraham Wald And The Missing Bullet Holes
Trading successfully is a result of thinking about the right things in the right way. This is a great illustration of how math combined with an outlook that challenges what appears to be true saved many lives in WW2. I thoroughly enjoyed the story as well as the (trading) principles that drop out of it, I hope you do to. …