[This podcast was originally published on October 19th, 2018]
The Paradox of Successful Trading (a phrase I coined) describes the frustrating truth that there are only a handful of ways that most traders lose, while there is a seemingly infinite amount of ways to succeed…yet so many fail. Why?
Don Hensley posits that the issue is rooted in the fact that to succeed, we need to be, act, and behave in the markets in uncommon ways. We need to operate individually — not only from the herd (the majority of losers), but from the winners as well (we need to have our own unique edge).