Your Instincts are Wrong: Trade Like This Instead…

by Greg Guenthner
Daily Reckoning

In an unpredictable market like we’re experiencing right now, a gutsy call can cost you a fortune. Listening to your heart (instead of your mind) is a great way to lose money— and even confidence in your trading abilities.

On the other hand, sports are all about gutsy plays. Last-minute drives, buzzer-beating shots, and walk-off homeruns are what make the games interesting. Players often talk about being in the zone and letting their instincts and training take over during these critical moments. And because we love sports analogies so much, we often try to apply these ideas to life and business.

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