An old trader sat by the fire, speaking to his apprentice.
“There’s a battle raging inside me when I trade,” he said. “It is a terrible fight and it is between two James."
“One is greedy; he is overleveraged, emotionally reactive, chasing green candles, fading strength, ignoring macro, and blaming market makers for every red candle.”
“The other is calm; he has conviction, patience, DCA into value, manages risk, meditates through volatility, and only apes when the stars align.”
I was flipping long and short every 30 minutes on a weekend, then I realized it was the James in me that was clicking the buttons, so I decided to log out.