Lesson 6: Luck versus Skill

bruce.bowerBruce Bower, General Comments, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology3 Comments

You Need To Understand The Role of Luck and Skill In part 6 of my 7-part series on Lessons I’ve Learned, we will look at luck and skill. In order to be successful taking risk in the markets, you must understand the role of luck and skill. From that understanding, there will be several implications for your actions and how … Read More

Enhancing Our Performance with Michael Mauboussin

David BlairDavid Blair, General Comments, Trading Psychology1 Comment

*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB Trading Community. We hope you enjoy!***** — Editor’s Note Let’s face it, when it comes to managing risk in an environment of uncertainty (e.g., the stock market) … Read More

Luck: The Unspoken Element

Jake HuskaGeneral Comments2 Comments

There is a quote by Seneca, a first-century Roman philosopher, that says, “Luck is where the crossroads of opportunity and preparation meet.” While the idea of luck as it relates to trading may seem like gambler’s term, the fact is that sometimes you just get lucky. Clearly over the long run, the losses that you will incur from trading without … Read More

Bad Luck Boeing?

BellaGeneral CommentsLeave a Comment

On Friday the news hit of a fire on a Boeing 787. Yes, that same plane that BA was forced to take out of service because of lithium battery fires during flight. I don’t know about you but I prefer my flights without fires on board. BA tweaked and fixed the battery issue and the 787s were back in flight. … Read More