O'Reilly logo

The Inner Voice of Trading by Michael Martin

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 5: Conventional Wisdom/Market Timing

Conventional wisdom is emotional comfort food.

A book for traders and risk managers about emotional wisdom and self-awareness needs a benchmark to compare the various levels of risk against. In this chapter, I take a look at what buy-and-hold investors must be going through emotionally.

To me, owning something without having a defined exit point is reckless behavior. I believe this is true for any type of trader or mutual fund investor. People work too hard for their money, and there seems to be a big disconnect between the potential for substantial loss and risk management on Wall Street.

Owning something without having a defined exit point is reckless behavior.

Contrary to what you may have read, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required