Only trade money you can afford to lose, watch the stock for a while before taking a position. Don’t chase, if it runs before you get a position you like, move on to something else. And don’t cut your winners too soon,” he told MarketWatch. “Nearly every lesson you think you’ve learned will be the wrong lesson to apply at some point in the future.”
According to Jason Calacanis: Reasons people don’t get wealthy (a partial list): 1. A lack of skills 2. Lack of taking risks 3. Not building a network 4. Poor work ethic 5. Not reading books 6. Giving up after getting beat down 7. Fear of investing 8. Over spending (Debt) 9. Looking for fast money 10. Blaming others
Don't let FOMO get you. You'll know it has a grip on you when you buy high and hope for higher. The basic principle of stock market investing is "buy LOW, sell HIGH." Don't ever forget that.
The biggest lesson they learnt was to "not beat yourself up" over bad trades and mistakes, letting the winners ride, and focusing on what's left in the account to climb back up. Another one of their practices includes never closing a position within the first hour of market opening, but closing it in the last hour instead.
The trader warned against putting more than 25% in any single position and not to follow irrationality. "Losses don't kill options traders, calculating your alternate universe net worth on your woulda-coulda-shouldas do," they wrote, and added that emotions are the key to discipline.
Taxes on Stocks!!! Pay attention if you been winning you owe money!!! https://m.youtube.com/watch?gclid=EAIaIQobChMI4I70ore87AIVjyTeAB0O3wBbEAEYASAAEgJGlfD_BwE&v=CBXdli-bUZ4
Sam Stovall- "There's an old saying that bull markets take the escalator while bear markets take the elevator,” Stovall says. “Since fear is a greater motivator than greed, I think investors don't want to be denied access to their money for too long. Otherwise they end up taking money off the table, especially if some unnerving event occurred while the exchange was closed."
Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation). Stagflation can be alternatively defined as a period of inflation combined with a decline in the gross domestic product (GDP).
FRAME YOUR TRADE: FILTER TO FIND POTENTIAL TRADES RESEARCH VIABILITY OF POTENTIAL TRADES ANALYZE OPTIONS TO FIND THE BEST STRATEGY MAKE AND MANAGE YOUR TRADES EXIT YOUR TRADE
Only trade money you can afford to lose, watch the stock for a while before taking a position. Don’t chase, if it runs before you get a position you like, move on to something else. And don’t cut your winners too soon,” he told MarketWatch. “Nearly every lesson you think you’ve learned will be the wrong lesson to apply at some point in the future.”
ReplyDeleteAccording to Jason Calacanis:
ReplyDeleteReasons people don’t get wealthy (a partial list):
1. A lack of skills
2. Lack of taking risks
3. Not building a network
4. Poor work ethic
5. Not reading books
6. Giving up after getting beat down
7. Fear of investing
8. Over spending (Debt)
9. Looking for fast money
10. Blaming others
Don't let FOMO get you. You'll know it has a grip on you when you buy high and hope for higher. The basic principle of stock market investing is "buy LOW, sell HIGH." Don't ever forget that.
ReplyDeleteBridge layer and trendsetters.
ReplyDeletehttps://wallstreetbound.org/
Know when to cut your losses.
ReplyDeleteKnow when to take your gains and walk away.
Study these charts.
ReplyDeletehttps://optionalpha.com/13-stock-chart-patterns-that-you-cant-afford-to-forget-10585.html
The biggest lesson they learnt was to "not beat yourself up" over bad trades and mistakes, letting the winners ride, and focusing on what's left in the account to climb back up.
ReplyDeleteAnother one of their practices includes never closing a position within the first hour of market opening, but closing it in the last hour instead.
The trader warned against putting more than 25% in any single position and not to follow irrationality.
ReplyDelete"Losses don't kill options traders, calculating your alternate universe net worth on your woulda-coulda-shouldas do," they wrote, and added that emotions are the key to discipline.
Montgomery- Buy the rumor and sell before the news.
ReplyDeleteSell the greed and cash out when unstable market conditions arrive.
ReplyDeleteTaxes on Stocks!!!
ReplyDeletePay attention if you been winning you owe money!!!
https://m.youtube.com/watch?gclid=EAIaIQobChMI4I70ore87AIVjyTeAB0O3wBbEAEYASAAEgJGlfD_BwE&v=CBXdli-bUZ4
Smart people learn from their own mistakes.
ReplyDeleteWise people learn from the mistakes of others.
Value vs. Growth Stocks
ReplyDeletehttps://www.investopedia.com/articles/professionals/072415/value-or-growth-stocks-which-best.asp
The Stock Market is a Forward Predictor.
ReplyDelete6 months to a year ahead.
“You either sell a stock for a day trade or hold the bag long enough to see yourself become a swing trader.”
ReplyDeleteAsk yourself, are you dating or married to specific stocks or are they simply friends with benefits?
ReplyDeleteShane - Hold quality companies that change the world = million dollar pathway.
ReplyDeleteTech Meltdown in the DOW & S&P.
ReplyDeleteSeptember Slump leads to an Ominous October.
Sam Stovall- "There's an old saying that bull markets take the escalator while bear markets take the elevator,” Stovall says. “Since fear is a greater motivator than greed, I think investors don't want to be denied access to their money for too long. Otherwise they end up taking money off the table, especially if some unnerving event occurred while the exchange was closed."
ReplyDelete3 things to improve your trading.
ReplyDelete1. Intelligence
2. Experience
3. Emotional Fitness
You must have instinct and intell.
ReplyDeletePlus foresight and forethought.
Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation). Stagflation can be alternatively defined as a period of inflation combined with a decline in the gross domestic product (GDP).
ReplyDeleteCharles Payne 3 Pillars:
ReplyDelete1. Fundamental Analysis- What to buy
2. Technical Analysis- When to buy
3. Behavioral Analysis- Fear & Greed
Pay attention to who they are and what they do.
ReplyDeletehttps://hedgelists.com/top-100-us-hedge-funds-2021/
FRAME YOUR TRADE:
ReplyDeleteFILTER TO FIND POTENTIAL TRADES
RESEARCH VIABILITY OF POTENTIAL TRADES
ANALYZE OPTIONS TO FIND THE BEST STRATEGY
MAKE AND MANAGE YOUR TRADES
EXIT YOUR TRADE
If you treat the market like a casino then it will treat you like a gambler. The house always wins.
ReplyDeleteCramer- "You can't have it both ways Buy record breaking lows or Chase the next all-time high"
ReplyDelete