In This Episode
- Why a new trading strategy usually looks better than it is
- Jesse Livermore‘s #1 key to success
- Why you can go broke taking a profit
What is Prospect Theory in Trading?
This is a term that isn't widely talked about in trading, but understanding it is essential to improving your trading skills.
Also learn about a related term called hyperbolic discounting. Prospect theory causes you to get into bad trades, while hyperbolic discounting causes you to get out of good trades too early.
Find out how to prevent these issues.
Listen to the Audio Version
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Thanks for listening and we hope that your trading is going well!
