What 30 Years on Wall Street Teaches You About Being Wrong | Trading Psychology

What separates an experienced investor from everyone else? It may not be the ability to be right more often. It may be knowing what to do when they're wrong. In this episode of Talking Trading, Louise Bedford speaks with Wall Street veteran and professional portfolio manager Jay Hatfield about trading psychology, risk management, investment conviction and decision-making under uncertainty. Jay has more than 30 years of experience across Wall Street investment banking, hedge funds and professional money management. Today, his firm, Infrastructure Capital Advisors, manages more than $4 billion in assets. Louise and Jay explore one of the hardest questions in trading and investing: When the market moves against you, how do you know whether you're early or simply wrong? They discuss how professional fund managers manage risk, what stops investment conviction from becoming stubbornness, how professionals respond to a series of poor decisions, and how managing billions of dollars changes your approach to uncertainty. You'll discover: How professional investors think about being wrong How to distinguish between being early and being wrong When investment conviction becomes dangerous How professional portfolio managers manage risk What retail traders misunderstand about institutional investing How experienced investors respond to poor decisions What Jay's biggest investing mistakes taught him Why changing your mind can be a strength rather than a weakness What decades on Wall Street have changed about Jay's approach to investing Why successful trading isn't dependent on being right all the time Whether you're a share trader, investor or someone interested in trading psychology and professional risk management, this conversation offers a rare look at what happens when decades of experience meet an uncertain market. The goal isn't to eliminate being wrong. It's to become better at what you do next. --------------------------------------------- How much longer are you willing to let uncertainty rule your trades? Every day without a plan is another day of missed profits. My Trading Made Simple course gives you the structure, the confidence, and the strategies to finally take control. It’s free at tradinggame.com.au. Grab it today — don’t let the markets keep pushing you around. Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities. For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence. www.tradinggame.com.au www.talkingtrading.com.au. Facebook YouTube Twitter LinkedIn