Great post Steven. That was a line I heard from Peter Brandt many years ago, “strong opinions, weakly held” that always stuck with me. As part of my pre-trade pre-mortem I like to think about what do I need to see to know I’m wrong in this idea; and how quickly can I found out this idea is wrong so I can cut it, and move on. It has helped me enormously.
Steven, “this is the trade that’s going to make my year” — that line got me. That’s the exact second outcome turns into identity. I dabble in mapping Enneagram types to trading psychology, and that drift into confluence starting from a winning streak (not fear) is such a Type 3 move — result gets fused to self-worth, then “I’m not wrong, the market’s wrong” isn’t really defiance, it’s failure-avoidance in disguise. Love how honestly you unpacked it.
Great post Steven. That was a line I heard from Peter Brandt many years ago, “strong opinions, weakly held” that always stuck with me. As part of my pre-trade pre-mortem I like to think about what do I need to see to know I’m wrong in this idea; and how quickly can I found out this idea is wrong so I can cut it, and move on. It has helped me enormously.
Really glad this one resonated — Peter is someone I have enormous respect for.
Your pre-trade pre-mortem framing is brilliant .
Thanks for sharing this, and hope you are keeping well!
Value Based Inputs,helped to encash opportunities cum options to move forward.
This post acts like a mirror and if you see yourself in it ,you have reached a stage of enlightenment
And the painful irony is — the first time most of us see ourselves in it is after the trade, not during.
Steven, “this is the trade that’s going to make my year” — that line got me. That’s the exact second outcome turns into identity. I dabble in mapping Enneagram types to trading psychology, and that drift into confluence starting from a winning streak (not fear) is such a Type 3 move — result gets fused to self-worth, then “I’m not wrong, the market’s wrong” isn’t really defiance, it’s failure-avoidance in disguise. Love how honestly you unpacked it.