Margaret Heffernan: The Dangers of Willful Blindness
By LawrenceMs. Heffernan’s presentation teaches us, traders, one important thing to always remember – don’t be that 85% wilfully blind crowd, ever.
Sometimes, especially when you are trading a macro idea, that your position would not work out in your favour for a long time.
If you lose yourself, if you fail to stay your course, your trade will lose.
That does not mean everyone should indulge themselves into believing in an illusion. It is important you see through what you think and that logically your beliefs are really correct.
Only when what you believe in is actually what the truth is and that the inevitable course expected actually happens would you reap the profit.
