Tag: Indices
Always be Patient
The question should not be how much I will profit on this trade! The true question is; will I be fine if I don’t profit from this trade
Mindset of Trading
Amateurs think about how much money they can make. Professionals think about how much money they could lose
The Unstoppable Drive
When I was younger, there was something in me. I had passion. I may not have known what I was going to do with that passion, but there was something and I still feel it. It’s this little engine that roars inside of me, and I just want to keep going and going
Execution Over Ideation
It’s not about ideas. It’s about making ideas happen.
Buyers and Sellers Both Believe They’re Astute
One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute
Embrace Small Losses to Avoid Catastrophic Ones
If you can’t take a small loss, sooner or later you will take the mother of all losses.
Market Realities
The market can stay irrational longer than you can stay solvent
Elements of good trading
The elements of good trading are: (1) cutting losses (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.
Right Strategy to Outperform
Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy to outperform over the long term
Emotional discipline Key Success
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.