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  • And so again, I just want to say a lot of people get emotional when they're trading options, that prices move, they get emotional when it trades to Bitcoin.

  • They get emotional about all these instruments.

  • That's why I believe some places like the F.

  • C.

  • A.

  • Has banned these instruments.

  • One thing I will say is you never want to get emotional about trading, it clouds your judgment.

  • You always must stay disciplined and I just want to show you that we all make that mistake sometimes and I am a very disciplined person.

  • But I've had times back in my trading days where I made an emotional decision and I'll share that story with you in the next section and just to remind you that it even happens to the great traders.

  • Here's a short clip from the movie Wall Street of Gordon the Gecko gecko the great also getting emotional about stock when he's watching Bluestar Airlines get out of his buying zone and he's getting angry at bud fox.

  • So here's Gordon?

  • In Wall Street marty.

  • I need a favor.

  • It's a quick scalp for 200 shares.

  • Bluestar in 19.5.

  • Can you position in one year equity funds?

  • Chronicles on seven hold marty.

  • Listen, Blue Horseshoe loves Bluestar Airlines.

  • Got it.

  • Got it.

  • Right, marty is still there.

  • You start to play.

  • Let's check it out.

  • Yeah, I do love itself.

  • Yeah.

  • Gordon?

  • I see it at 21 in five days and I don't know what to make of it.

  • The word is out, pal your union buddies are talking.

  • You get me into a 45 degree angle.

  • I mean all the way in Eur slash and burn you buy everything inside of 22.

  • Then call me when I get hold of the son of a bitch who leaked this, I'm gonna tear his eyeballs out and to suck his fucking skull.

  • Yeah.

  • Stop going to Pluto man, start unloading what?

  • Self dumping now, dump it all the way over there.

  • And so here you see Gordon?

  • Gekko getting emotional about stock.

  • He's trying to buy Bluestar Airlines.

  • He's trying to a massive position so we can take over the company.

  • But but Fox's let the word out and everyone else is buying ahead of Gordon?

  • So, he can't get his position on.

  • And so he's getting angry and he's getting emotional because he can't buy the instrument of the price that he wants.

  • All right, You should never get emotional about anything you're trading.

  • Gordon?

  • Should realize there's another day.

  • Let this one go.

  • But instead he keeps buying as it goes up and let it when the price tanks he can't sell, which is an issue in liquidity, which we talked deeply about inside the deep defy Academy and something that's very important in crypto because there's a lack of liquidity many, many times.

And so again, I just want to say a lot of people get emotional when they're trading options, that prices move, they get emotional when it trades to Bitcoin.

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B1 emotional gordon trading gecko liquidity disciplined

NEVER GET EMOTIONAL ABOUT TRADING ? Crypto & DeFi Trading With Brian Rose & Gordon Gekko ?

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    林宜悉 posted on 2021/07/16
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