Better late than never. Excess returns means excess risk. If ruin is an option then don’t take the risk.
Most trends crap out early. Getting in too early is painful sometimes. Be patient and let it stabilize.
Options aren't for beginners. Better to avoid the time decay and huge spread until you know how to make money in stocks.
Damn...In what dragon's den are you doing your trading? lol! Anyways...The lesson I learned over the past 10 years is that indices always go up, and ignore the occasional 10-20% (or 40, fuck, 2020 sucked ass) pullback. Stick to your instincts, and do NOT sell just when you think it is going to get more worse than the worst it is in, because that is EXACTLY when it will turn around!
to share the lessons i learnt the hard way i need to write like Brooks at least 3 books. that is how hard trading is and make no mistake about it is like being no1 in the world in any sport.ie almost impossible. as the great Seykota once advised if you cannot watch a profitable trader and learn the basics restrict your trading to the supermarket. the best 5 min trader today who is available to the public is Al Brooks. Learning from him is one lesson i learnt the hard way but today i am happy.it took me 20 years but that is because i am idiot as many here will certify. most others will learn faster. IF YOU ARE SERIOUS TRADER who can put in years of hard work then i recommend checking him out. His book title itself says for the serious trader so i am not kidding.