- Your first loss is the best loss.
- Let winning positions run and cut losing positions short. The market is always right.
- I finally understand why Kirk always says risk management is the most important thing.
- Always know your exit. Before any trade is made, you must always identify your stop beforehand and then follow it without hesitation if it triggers.
- Patterns and trends matter more than I thought…paying attention to them can provide better entry/exit points.
- Patterns and measured moves are key but you have to wait until a pattern is triggered and the trigger holds.
- Being patient and waiting for confirmation instead of trying to anticipate market movements.
- Risk is greatest when everyone who wants to buy has already done so – Apple is the latest example!
- Position sizing is my first and last line of defense.
- Leverage is for losers.