Education Archives - Page 39 of 1485

Market cap of companies with Price/Sales ratio over 20 Down pointing backhand index Even adjusted for inflation current nonsense makes the dotcom bubble look like a period of reason and prudence

In my experience, when a new position goes against you, it usually keeps going down. Good trades start making you money right away.
You can always get back in if you exit too soon.
The takeaway is that you can never let a single losing trade wipe out any of your gains — they’re hard enough to get in the first place.
If you don’t take the small loss today, you risk total loss of your capital or career tomorrow.
Gains look like gains only to the extent that you keep your losses small.
“Win it right back” is a death spiral. Keep your losses small, and you’ll never be in one.
If you do not take action, you are choosing a more likely chance of feeling despondent when you lose a larger portion of your capital, compared to taking a guaranteed small loss. All the while you had the power to get out of a losing position, but you chose not to. You chose not to do the right thing because you were afraid to feel certain feelings.

Your inner voice needs to decide on the tradeoffs to be made on the trading system.
Accessing your inner voice comes with quieting your mind.
Meditation can be defined as a process of quieting your mind through breathing techniques.
Your mind controls your overall attitude.
Your attitude affects your behavior and your persistent behavior predicts where you end up in life.