Education

Murphy's Law of Trading


In Episode 265 of The Traders Podcast, your host Rob Booker talks about some universal principles pertaining to Murphy’s Law and trading. To discuss this topic, Rob begins by reacting to a New York Times article about the discouraging state of Iraq and its military, now that three years have passed since the U.S. departure.

This leads Rob to talk about a poor trading decision he once made, even though he knew he shouldn’t go forward with said decision. And Rob discusses how we will often make poor choices even though we see the resultant bad moon rising. So, Rob brings it home by giving some suggestions of how traders can combat the tendency to do things that are against their own best interest. Don’t miss it! Thanks for listening.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.