Try not to be a bull or a bear
but an opportunist. The opportunity seeker is influenced by the same
endless opinions that dominate the news, yet he doesn’t allow himself
into an inflexible point of view. He explores various scenarios and
designs low risk trades to exploit the possible outcomes. He focuses on
things he can control.
In the end, making money is a
different game than being right or wrong. I know a lot of smart guys who
were right about a market’s outcome but still went broke because they
were inflexible. In short, they got too invested in being right and lost
focus of the real goal, which is to make money.
- Viewpoints of a Commodity Trader: Do You Want to Be Right or Rich?
