117: How to make better trading decisions
A common misconception with systematic and algorithmic trading is that it removes the impacts of human psychology on trading.
But that’s really not the case.
In fact, even when we’ve got trading platforms automatically executing trades for us, the mental aspects of trading can still have an impact on execution, model development, position sizing and other areas...
Sometimes without us even knowing.
And not only can they have a negative effect on our trading results, but can also take a toll on our health, well-being, relationships and other areas of our personal lives.
But by being able to identify issues and putting plans in place to address them, we can make better trading decisions.
So how do we do that?
In today’s Trading Thought we’re going to hear Laurent Bernut explain a technique that he uses, plus he also shares a 'jedi mind trick' that can quickly reset some of the mental states traders can get into.