Stock mkt is the largest casino. It is a negative sum game.
Know when to buy, when to sell, how much to buy and sell and lastly know when to cut losses and tell yourself you are wrong.
Trend is your friend till it starts to bends
Dont ever fall in love with a stock
Good trading is boring as you have pre anticated what will happen.
In good times, there will be ridiculous share price falls and in bad times, there will be ridiculous share price rally. There is opportunity in risky times and vice versa.
Dont catch a falling knife. Like a bouncing ball, 1 have to wait for the ball to bounce a few times.
One need to have a edge by setting up the entry/exit point with tools to have consistency in reaping profits. Trading is a game of give and takes..its no holy grail.
Long term is creating wealth. Short term is creating income. Theres a difference...(Really?)
4 years ago
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