Aug

23

Paul Tudor Jones used to say that whenever one of his portfolio managers was going through a divorce, he would pull his money. Sooner or later, he or she would drop some money. (fear/flight center activated)

Most of us may not go through a divorce, but I often wonder: In a car, that has an automatic gear system that has this one position that is hardly used. And it is called "N" for neutral. When we operate from a neutral/stress-free point of view, then we probably trade the best. (compare that with ppl who engage in endless personal drama or drag you in w emotional stories or looking for a fight.)

Zubin Al Genubi agrees:

Good advice. Don't trade during a life crisis.

Stefan Jovanovich writes:

The real gear heads among us will already know that "neutral" exists in automatic transmissions so that the driver has a positional clutch. Naval engine room telegraphs have the same feature.

Nils Poertner adds:

there is a fx strategist on twitter (I think he gets paid by some supra-national now, ex Goldie). anyway, he has strong FX views /shares data etc - and at the same time strong political views. I often wonder: how would he do as lone trader over time?


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  1. Ariel on August 27, 2023 11:18 am

    1000% Agree. Don’t trade during a life crisis. Don’t trade during a crisis. At least consider if you feel comfortable to trade or is just an automatic pattern.

    If you can’t stop (”Neutral Position”), you are not trading. You are gambling. And may be an addiction…

    Congrats, Victor (you are one of my Contrarian mentors), for the web site. It’s a real gem.

    Regards

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