Short monologue advising traders to actively consider reasons a trade could fail by deliberately adopting the opposing view. The speaker recommends flipping one’s thesis—if you plan to go long, list reasons it might not rise—to gain perspective and manage risk.
Every time you take on a trade, I would start trying to look at the negatives. I would start trying to look at the other side. So if you want to go long and your thesis makes sense of this trade should go long. Start trying to look at the other side of the trade. So, hey, I want to go long. Well, why would this not go up? Why would this trade not go in my direction? Start flipping that from a different perspective if this is a problem you're dealing with.
