“You have to have the complete and utmost confidence in yourself if you’re going to trade and take risk. It doesn’t mean that you have to be right.”
What do subway cars, Derek Jeter, a movie theater and the Titanic have in common?
Peter Borish, chief strategist with Quad Group, has a way with analogies. It takes such comparisons to help explain trading, a “humanly uncharacteristic” action, according to Borish. It’s a fight with your gut and an exercise in taking all the lumps that come your way. Borish breaks down the struggle in this video.