Erik Smolinski - esInvests | The Frailty of My Investing Plan
THIS IS A REPEAT EPISODE FROM FEBRUARY - ENJOYING A SHORT BREAK AND BACK WITH A BRAND NEW EPISODE NEXT WEEK.
What do exercise, the great outdoors and a healthy lifestyle have to with successful investing? Does the military prepare you for more than just battle? Joining me in this episode is Erik Smolinski from esInvests. Erik is a Marine veteran and self-made millionaire investor. He’s spent over 30,000+ hours honing his craft and outpacing the market for the last 14 years (22.8% CAGR). Erik maintains that there are many well-documented biases in traders and investors. They are covered in the following white paper. One of the things it talks about is how we like to cut winning trades short and we let losing trades run. It's because of ego. We like winning trades, we like being correct. That's why as soon as we have something that's in profit, we want to take it. It's a huge win for the ego.
Erik's Linktree: https://linktr.ee/esInvests
Link to blog post: https://www.stocksforbeginners.net/blog/esinvests
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