From
tradealgo.com
Email Address
jack@tradealgo.com
Sent On
Wed, Jul 12, 2023 02:16 PM
Email Preheader Text
JOIN ME LIVE @ 8am PT / 11am ET͏ ͏ ͏ ͏ ͏ ͏
HTML
JOIN ME LIVE @ 8am PT / 11am ETÍ â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â [LIVE TRADING SESSION! REGISTER NOW!]( Hello investor Letâs play a brief experiment. Imagine that you have two scenarios. Read them over, and let me know which scenario would you prefer: - Gamble A: A 100 percent chance of losing $3,000.
- Gamble B: An 80 percent chance of losing $4,000, and a 20 percent chance of losing nothing. Which would you pick? Probably Gamble B, right? Indeed, an experiment by Daniel Kahneman and Amos Tversky found that 92 percent of people chose Gamble B. Now, letâs do the second scenario. - Gamble C: A 100 percent chance of receiving $3,000.
- Gamble D: An 80 percent chance of receiving $4,000, and a 20 percent chance of receiving nothing. Which would you pick? Gamble C, right? If so, thatâd be a popular choice as 80 percent of people also chose that option. Now, listen: People will actually be better off selecting Gamble D. Why? If calculating for possible payoffs (when accounting in probabilities), Gamble D has a possible payoff of $3,200 while Gamble C had just $3,000. However, we are hard-wired to be loss-averse. We would risk more to avoid losing money while becoming extremely conservative if we have profits. The same thing happens in trading. We are programmed to take small profits but are willing to risk large losses to avoid losing money. But statistics have proved that traders must let their profits run while limiting their losses. You can see it in my favorite table (which I already showed you recently): So, it is important for a trader to accept that he/she was wrong and exit a position â and avoid deluding ourselves into believing that if we do not exit the losing trade, we have not really lost yet. Love the tip?! Iâve got a bunch more that I will reveal during my webclass starting soon. I will also show you everything that a TradeAlgo member would get â including trade alerts, communities, live streams, and many more. Come and join me at 8am PT / 11am ET. Hit the button below to register: [JOIN US LIVE @ 8am PT / 11am ET]( * We will attempt to trade in a paper-trading account â not with a real portfolio. No returns are guaranteed. No longer want to receive these emails? [Unsubscribe](.
Trader Algo 401 Park Ave S New York, NY 10016, NY 10016
EDM Keywords (40)
wrong
would
willing
trading
trader
trade
tip
statistics
see
reveal
returns
recently
receive
proved
programmed
profits
position
play
option
many
losses
limiting
let
know
join
important
guaranteed
got
experiment
exit
everything
come
calculating
button
bunch
better
believing
attempt
actually
accounting
accept