“That's the way I look at things - if you focus on the worst case scenario and it happens, you've lived it twice. It sounds like Pollyanna-ish tripe but I'm telling you - it works for me.” IfsWayLooksHappensSoundCasesFocusWorstScenariosWorst Case ScenarioPollyannaTripe Author:Michael J. Fox
“Whenever I take a position, I like to imagine what it would be like under the worst-case scenario. In doing so, I minimize the confusion if that situation actually develops. In my view, losses are a very important part of trading. When a loss happens, I believe in embracing it.” IfsBelieveImportantHappensWould BeI BelieveLossViewsSituationCasesImagineWorstPositionI Believe InConfusionTradingScenariosWorst Case Scenario Author:Gil Blake
“Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there. In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there's nothing more for you to do. Focus instead on those things you want least to happen and on what your response will be.” IfsThinkingWayWantShouldHappensSituationFocusParticularResponseScenariosRosy Author:William Eckhardt
“It's one of those scenarios you feel will never happen to you. Nobody thinks they're going to be the one, whatever, to get in a car wreck to have their, you know, their kids killed in a plane crash, whatever, you don't think those things are going to happen to you. And I didn't think that I'd be traded. So.” ThinkingKnowsFeelsHappensKidsCarPlanesCrashScenariosWrecksPlane CrashesCar Wreck Author:Bronson Arroyo