Take a Loss to Understand a Loss | STR 363

Being wrong is part of being a trader. No one is perfect within the financial markets, not even Warren Buffet. The difficult aspect of being wrong in the financial markets is it causes you to lose something you are psychologically tied to: survival (in the form of money). The whole idea of accepting a loss is very hard to describe. Or, as my guest in this episode, Kris, explained, “you need to to take a loss to understand a loss”. It may be easy to “think” you know how a loss works and how it will (or will not) affect you; however, as Kris points out in accurate fashion, that’s all pure theory. This was just one of many interesting talking points Kris and I covered. Kris is a highly intelligent individual who works in the engineering field and with AI, so he knows how to think. He certainly lives his life in a structured and logical way (which I appreciate as a former engineer myself) and his outlook on life is one I would argue is required for success. We also have a great discussion on the future of trading as AI continues to develop, so there are a variety of rabbit holes that are explored in what I found to be, very interesting ways! Let’s hear about Kris and his current trading journey!