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Erik Smolinski - esInvests | The Frailty of My Investing Plan

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Manage episode 379919918 series 2667578
Content provided by Philip Muscatello and Philip Muscatello - Investment Education for the Stock Market. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Philip Muscatello and Philip Muscatello - Investment Education for the Stock Market or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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


Stocks for Beginners is a production of Finpods Pty Ltd. The advice shared on Stocks for Beginners is general in nature and does not consider your individual circumstances. Stocks for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.



Hosted on Acast. See acast.com/privacy for more information.

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198 episodes

Artwork
iconShare
 
Manage episode 379919918 series 2667578
Content provided by Philip Muscatello and Philip Muscatello - Investment Education for the Stock Market. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Philip Muscatello and Philip Muscatello - Investment Education for the Stock Market or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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


Stocks for Beginners is a production of Finpods Pty Ltd. The advice shared on Stocks for Beginners is general in nature and does not consider your individual circumstances. Stocks for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

198 episodes

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