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One major mistakes of all traders is to try enrich themselves in a short time, “big” “fast” profits are “unhealthy money”.
When days are going “good”, jot down in detail... what you are thinking, planing or just an account or recap of events.... it will prove helpful to visit these records on your “bad” days, if no time, just do this... date, description and chart pic——And vice versa.
It is important to know “what market is doing”, but also keep an eye on “what market is not doing”
1. Sound Analysis = Edge 2. Timing = Patience to wait for opportunities 3. Management =know how to handle open positions
See ...... in shades of gray Think ... in probabilities It is not emotional, and reasons why something happens are irrelevant. Be formless. Shapeless. Like water.
Failing cheaply (cut losses) increases our “surface area” for success because it means that we can test more ideas.
To survive or to thrive. Survive: limit downside, minimize risk “Trading not to lose” Thrive: Growth, taking risk “Trading to win” Two different “mindsets”, but imho both can be implemented in a trading plan / in every position we take.
What triggers us to initiate a position, absence of that, should naturally take us out of that trade... “a tie that binds”
Everyday is a battle. 1)- PATIENCE (Analysis & Observation) 2)- DISCIPLINE (Execution & Mgmt.)
United States Trends
- 1. Jesse Jackson N/A
- 2. hobi N/A
- 3. Happy Lunar New Year N/A
- 4. Colbert N/A
- 5. Ronda N/A
- 6. Fat Tuesday N/A
- 7. Tony Clark N/A
- 8. Rev. Jackson N/A
- 9. Mardi Gras N/A
- 10. James Talarico N/A
- 11. #csm229 N/A
- 12. Rush N/A
- 13. Good Tuesday N/A
- 14. Rest in Power N/A
- 15. Ramadan Mubarak N/A
- 16. MLBPA N/A
- 17. #TheMandalorianAndGrogu N/A
- 18. JUST ANNOUNCED N/A
- 19. Taco Tuesday N/A
- 20. Embo N/A
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