Market success hinges on conviction, not just intelligence, highlighting a psychological edge in trading where emotional resilience during volatility often outperforms extensive analysis.
Research supports this: a 2020 study in the Journal of Behavioral Finance found that traders with high emotional stability were 30% more likely to maintain profitable positions during market downturns compared to those relying solely on analytical skills.
Aligns with historical market patterns, like the 2008 financial crisis, where investors who held firm despite panic (e.g., Warren Buffett’s steadfast investments) often reaped significant long-term gains.
