The Only Way to Win in Trading

Amar Pandit , CFA , CFP

Many are interested in the secret formula to win in Trading. They keep looking for one. I certainly know a way, but you got to be a bit patient before you get the magic pill.

Morgan Housel in his book “The Psychology of Money” writes, “A friend of mine makes an annual pilgrimage to Las Vegas. One year he asked a dealer: What games do you play, and what casinos do you play in? The dealer, stone-cold serious, replied: The only way to win in a Las Vegas Casino is to exit as soon as you enter.

This is exactly the way to win in stock trading. Exit the App as soon as you enter or better yet don’t sign up for it (or fall for the lure of trading).

There couldn’t be a better magic pill at winning at Trading than this.

Do you agree? I would love to hear from you.