Limiting Losses: The Key To Long-Term Trading Success
Archives of “February 13, 2019” day
rss"All our dreams can come true, if we have the courage to pursue them." — Walt Disney
Think -Prepare -Act
Trading can be difficult at times, especially when the market is a mess. But there are two simple things to remember: know when to sell, when not to, and cut your losses so you can stay in the game.
Even if you make a lot of mistakes in your trading business, you’ll still be net profitable at the end of the year if you simply do two things right; cut your losing trades as soon as they hit their stops and let your winners ride until there is a technical reason to sell. The challenging part, of course, is applying this in actuality, not only understanding it theoretically. |
Paradigm Shift
“feel the market,” “feel the pace,” based on this, “have a bias,” then “sense, trust, and act.”
Less is more
Thought For A Day
Avoid Blue Channels
“Since the market tends to go in the opposite direction of what the majority of people think, I would say 95% of all these people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless … facts and markets are far more reliable.”
Success & Failure in Trading -Few points
16 Inspirational Quotes From the Steve Jobs
The cost of success.
