Oct

26

One is never better off talking their book.

True in so many ways:

If you speak of a position you hold, not only peers smirk you are talkin' your book, a pressure builds up that starts seeking what you spoke must happen. Rabbit holes of all sorts get clogged and only one remaining open is your forecast. Bad trading.

If you speak of a position you could have taken then too much pressure comes from peers that you may be talking your own book while its not true. Pressure gets released that you are not going wrong if forecast is wrong and then the pressure also becomes immense if you are really right but don't have the position.

Trading or talking well are both rare abilities on a stand-alone basis and definitely a feat when done together well.


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