INO.com by TIFIN
Sign Up Log In
Welcome back!
Magnifi Personal
Magnifi Personal
  • Stocks & ETFs

    Pulse

    • Stock Market Snapshot

    World Indices

    • Americas
    • Asia/Pacific
    • Europe
    • Middle East/Africa

    U.S. Indices

    • Dow Jones Industrial Average
    • S&P 500

    Exchange Traded Funds (ETFs)

    • ETF Quote Board

    Market Action

    • Extreme Markets
    • Extreme Stock Winners
    • Extreme Stocks Losers
    • Extreme Stocks Under $5
    • Extreme Canadian Stocks
    • Extreme NASDAQ Stocks
    • Extreme NYSE Stocks
    • Recent Splits

    Free Tools & Analysis

    • Top Stocks
    • Top Penny Stocks
    • Top Tech Stocks
    • Top ETFs
    • Stock of the Week
    • Trend Analysis Report
  • Futures

    Pulse

    • Futures Market Snapshot

    By Category

    • Cryptocurrencies
    • Currencies
    • Energy
    • Food & Fiber
    • Grains & Oilseeds
    • Indexes
    • Interest Rates
    • Livestock & Meats
    • Metals
    • Real Estate
    • Weather

    Market Action

    • Extreme Winners
    • Extreme Losers
    • Open Futures

    By Exchange

    • CBOT Chicago Board of Trade
    • CME Chicago Mercantile Exchange
    • CLRP ClearPort
    • ICE Intercontinental Exchange
    • KCBT Kansas City Board of Trade
    • MGEX Minneapolis Grain Exchange
    • NYMEX New York Mercantile Exchange
    • All Futures & Commodity Symbols

    Free Tools & Analysis

    • Market Commentary
    • Daily Market Breakdown
    • Trend Analysis Report
  • Options

    Free Resources & Tools

    • Top Options
    • Options Boot Camp
    • Power Stock Strategy

    MarketClub Options

    • Training & Blueprint
    • Trader Travis
  • Forex

    Realtime Foreign Exchange

    • Dollar Rates
    • Euro Rates
    • Spot Metals
    • Asian Currencies
    • European Currencies
    • World Currencies
    • Cryptocurrencies

    Free Tools & Analysis

    • Top Forex Pairs
  • Resources

    INO Portfolio

    • Fast View
    • Detailed View
    • Login or Create Portfolio

    Drift Trader

    • Learn More
    • Log In

    MarketClub

    • Join Now
    • Log In
    • Trade Triangle Signals
    • Free Trend Analysis

    MarketClub Options

    • Free Boot Camp
    • Power Stock Strategy
    • Top Optionable Stocks

    Free Tools & Analysis

    • Market Commentary
    • Daily Market Breakdown
    • Trend Analysis Report

    Help

    • Email Services
    • About INO
    • Advertising
    • Contact Us
  • AI Investing
  • Blog

Tag: Ricght and Happy

You Can Be Wrong and Happy!

Posted on April 26, 2012 by The INO.com Team

By: Chris Irvin, Veteran Instructor & Trader at The Wizard

I have been married for 22 years, and in that time I have adopted these words as my words to live by – “You can be Right or you can be Happy.” This motto, with a slight tweak, can also go a long way in helping me with my stock market relationship.

The starting point for a meaningful relationship with the market is this: “The market is always right!” The market may not always make sense, but it is always right. The problem with many struggling traders is that they have not figured this out. If you are a trader who believed that you always have to be right, you are probably going through some difficult times. There have been several times in my own trading that following a few successful trades the word “genius” starts to creep into my internal vocabulary. This is a very bad sign. When I start to think I can’t make a bad trade, the reality is I should probably sell every position I have because I am about to be humbled. Continue reading "You Can Be Wrong and Happy!" →

Posted in GeneralTagged acceptable account risk Chris Irvin Guest Bloggers Ricght and Happy risk The Wizard trade risk Wrong and happy3 Comments on You Can Be Wrong and Happy!

Search Trader’s Blog

Magnifi Personal

Build a long-term portfolio in minutes. Try Magnifi Personal, free for 30 days.

Recent Posts

  • Was The Collapse of SVB a Black Swan?
  • ETFs To Play The Banking Situation
  • What to Do When Interest Rates Rise
  • 2 Gold Miners With Long-Term Potential
  • What Will The Fed Do In March?

Market Reports

  • Gold
  • S&P500
  • Dow
  • Nasdaq
  • Crude Oil

Trader Comments

  • Aibek Burabayev on Was The Collapse of SVB a Black Swan?
  • James Devenney on Was The Collapse of SVB a Black Swan?
  • Aibek Burabayev on Gold Update: Is Half Enough?
  • Stephen Moore on Gold Update: Is Half Enough?
  • Aibek Burabayev on Alert In Two Major Cryptocurrencies

Categories

  • General
  • INO Cares
  • INO.com Contributors
  • MarketClub Options
  • MarketClub Techniques, Tips & Talk
  • Member Success Stories
  • Trading Videos

Blogroll

  • Add Your Blog Here
  • Cannabis Stock Trades
  • Crude Oil Trader
  • Drift Trader
  • ETF Daily News
  • Learn Options Trading
  • Online Stock Trading Guide
  • Options Trading Mastery
  • Stock Gumshoe
  • Traders Day Trading
  • TradeThatSwing
  • VantagePoint Trading Software
Find INO.com on Facebook Follow MarketClub on Twitter Find MarketClub on YouTube Download on the App Store Get It On Google Play
  • Pulse
  • Markets
  • MarketClub
  • Blog
  • Advertising
  • Help
  • Contact Us
  • Usage Agreement
  • Privacy Policy

© Copyright INO.com, Inc. All Rights Reserved.

INO, a division of TIFIN Group LLC, is affiliated with Magnifi via common ownership. Affiliates of Magnifi will receive cash compensation for referrals of clients who open accounts with Magnifi. Due to this compensation, a conflict of interest exists since INO has an incentive to recommend Magnifi LLC.

Magnifi LLC does not charge advisory fees or transaction fees for non-managed accounts. Clients who elect to have Magnifi LLC manage all or a portion of their account will be charged an advisory fee. Please see Magnifi’s Form ADV for additional information about fees and charges that may apply. Magnifi LLC receives compensation from product sponsors related to recommendations. Other fees and charges may apply.

Do Not Sell My Information

×

It’s not goodbye, it’s hello Magnifi!

You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi