InvestorQ : I recently read that one must trade like a mercenary. What does that mean?
Anusha Savla made post

I recently read that one must trade like a mercenary. What does that mean?

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Moii Chavate answered.
3 years ago
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Well you need to take such ideas with a pinch of salt. Mercenary is a person who changes sides based on whatever is best for the situation. Come to think of it, that is what a trader should do too. A trade has got to be flexible and cannot afford to become a victim of his own convictions, even if they are out of touch with reality. That is the job of a trader too. In the stock market you face many choices. To trade or invest is one choice. To go long or to go short is another choice. To hedge or not to hedge is another. The answers to these are simple if you start thinking like a hard-boiled mercenary. That means you must go purely by data and analysis. Be willing to change your views and your convictions and keep pace with the market reality.

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