You might know the name Lutz Kleveman if you've read his articles or heard him speak about his book, The New Great Game: Blood and Oil in Central Asia. Last year, Lutz went off to South America to chronicle the drug trade and the rising tide of urban warfare between drug lords and paramilitary police. Very much the kind of thing we were hearing about in the news out of Brazil a couple weeks ago. I read Kleveman's article, "Street Fighting Boys", last night and you can read his account of time spent among the drug gangs by clicking the link.
In our last post, I quoted hedge fund manager, Jim Leitner on the importance of following up on your investment ideas. Today I'd like to follow up and share some thoughts on how you can learn to consistently "pull the trigger" on your best trading setups and investing ideas. In order to help you do that, we'll take from the best and offer up key insights from interviews with top traders and trading psychologists like Alan Farley, Brett Steenbarger, and Doug Hirschhorn . Now before we get to their key insights on overcoming trading anxiety and pulling the trigger on your trading ideas, let's remember what Jim Leitner said in his interview: "Learn to love to listen to people and when you hear something interesting, follow up on it. Don't just think, "Well that's an interesting idea" only to find out a year later that the company you could've bought shares in is now up 500-fold. You never want to say woulda, coulda, shoulda...