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• Oppdateringer

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Trading is very competitive and you have to be able to handle getting your butt kicked. Hope is [a] bogus emotion that only costs you money. Sheer will and determination is no substitute for something that actually works. I get real, real concerned when I see trading strategies with too many rules (you should too). Make time for yourself. There is a time to go long, a time to go short and a time to go fishing. I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Accepting losses is the most important single investment device to ensure the safety of capital. The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short. It’s ok to be wrong; it’s unforgivable to stay wrong.