CFA Institute Magazine 08 October 2018
Why Self-Sabotage Is the Greatest Trading Risk
Nathan Jaye CFA
A successful career as a trader requires “a tremendous respect for risk,” says proprietary trader Peter Brandt.
Key Points
- Traders are their own worst enemies, so guarding against self-sabotage is critical.
- One way to manage self-sabotage is by turning negative character traits into positive behaviors.
- The importance of trade identification is overrated. The most important part of trading is protecting trading capital.
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