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Joe, first off let me commend you - 50+ years trading!! That is phenomenal, no doubt you have a lot to teach us. As per your topic, I too suffer from stress (but it is self-induced). I have a nasty trading bias for the long side of everything, 'perma bull' in other words. Do you have any ideas on how I might overcome this ridiculous bias of mine? |
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One of the best cures for biases was when I decided to use mechanical trading to test our my so-called "great ideas for tomorrow". Dang it, it was mind-blowing to see how many bad ideas I had in my head (I won't go into others' but it was enough). By using the facts, I figured out that biases are the causes and quickly dropped the biases after seeing the facts for myself. You dont' have to be a programmer; a few lines of code on TS will be enough to prove or disprove your biases.